Last year the timepiece of choice for the hip hop set was Audemars Piguet (because rappers like Jay Z favor the brand). This year, the timepiece of choice seems to be the legendary Rolex. So much so that jewelers can’t keep the pricey watches in stock.
Rapper Rick Ross has always had a taste for finer things since the days when he punched a clock as a corrections officer in Florida. But a jeweler is suing Ross for absconding with about $90,000 worth of Rolexes that he didn’t pay for. Read on.
That’s not a typo. Rapper Dr. Dre donated $70 million to USC to train “and inspire a new generation of innovators.” Music industry executive Jimmy Iovine also pitched in a couple hundred million.
Both men donated to a program entitled the “USC Jimmy Iovine and Andre Young Academy for Arts, Technology and the Business of Innovation.” The purpose of the program “is to shape the future by nurturing the talents, passions, leadership and risk-taking of uniquely qualified students who challenge conventional views of art and industry,” according to USC.
Troubled singer Lauryn Hill paid her overdue tax bill today, but that didn’t save her from doing a time in the federal pen.
USA Today reports that Hill was sentenced to 3 months in prison for failing to pay $1 million in overdue taxes.
Prior to the hearing, Hill’s attorney, Nathan Hochman, said in an email to TIME magazine Monday that Hill paid $970,000 to satisfy state and federal back taxes. Hill, but apparently that wasn’t enough for the judge.
Somber signer Lauryn Hill was spotted leaving a Newark, New Jersey court Monday (April 22) after a judge postponed her sentencing and gave her two weeks to pay $504,000 she owes the IRS in back taxes. Hill, 37, fell behind in her taxes after claiming she took a 3-year hiatus from show biz to find herself. Prosecutors charged the Grammy winner with “willfully failing to file income tax returns with the IRS” for 3 years. According to Hill, she wasn’t obligated to pay taxes for those 3 years since she wasn’t working. But the judge disagreed, saying Hill earned a modest sum of 1.8 million dollars from 2005-2007. She faces up to 5 years in jail and an additional $100,000 in fines.
Photos: Kena Betancur/Getty Images
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Socialite and reality TV star Khloe Kardashian and her NBA star husband Lamar Odom are accused of running a charity scam.
According to an investigation by ESPN, eight charities connected with sports stars have allegedly misused the cash they rake in.
Sharon Tirabassi is a generous soul. So generous that she gave away half of her $10.5 million Lotto Super 7 winnings and blew through the rest.
Today, the 35-year-old “penniless millionaire” rides the bus to work and struggles to make ends meet until her next paycheck.
Nine years ago, Tirabassi, of Hamilton, Ontario Canada, cashed in her winning Powerball ticket and collected $10,569,000.10.
At first Tirabassi and her then-boyfriend, Vinny, also 35, were ecstatic at their good fortune. They shared the wealth with family and close friends, lavishing their loved ones with gifts, cash, cars, and exotic trips. She gave her parents $1 million cash and divided another $1.75 million among her siblings.
Police were called to a suburban Detroit grade school to investigate a report of a student with $20,000 in a backpack, WDIV reports.
The unidentified 12-year-old girl arrived at the school Monday morning and immediately began handing out crisp $100 bills to students in her classroom. The school’s principal called the police when it was determined the student was walking around with $20,000 in cold hard cash in her backpack.