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Suge Knight: $137 million in Debt. $11 Bucks in the Bank

Posted by Fara Kearnes on May 5, 2006 3:06 PM |

Suge KnightDogged by $12 million in tax liens and other legal judgments, rap music mogul Marion "Suge" Knight claims he is down to just $11 in his checking account, according to a bankruptcy court filing.

Suge filed for Chapter 11 protection last month with the claim that his $4.4 million in assets is dwarfed by $137.4 million in debt. The Death Row records founder was hit with a $100 million judgment in a lawsuit brought by a woman who claims she was instrumental in the founding of Death Row company.

According to documents he filed, Suge has no monthly income and only $25,000 in bling and some clothing worth $1000.

He also lists monthly expenses of about $30,000, the majority of which ($24,700) is earmarked for "alimony, maintenance, and support paid to others."

While Knight's plight seems dire, his court filing lists as "unknown" the value of his interest in ten companies, including Death Row, Getto Records, and Blood Money Entertainment. The documents can be read at The Smoking Gun.


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