Snoop Dogg Reveals He Almost Filed for Bankruptcy but ‘Pride’ Stopped Him
In a candid revelation, Snoop Dogg disclosed that he came close to filing for bankruptcy during a recent interview on the Business Untitled podcast. The owner of Death Row Records delved into his past financial challenges and the role his pride played in preventing him from taking that step.
“There were times in my career where it got so bad my accountant was like, ‘We should just do bankruptcy,’” Snoop shared. However, his pride played a pivotal role in the decision-making process. He explained, “My pride got involved. If I say bankruptcy then I look like I fucked off everything.”
Snoop highlighted a racial aspect, stating, “None of them muthafuckas Black! You ain’t name nobody that look like me! They can do that shit and get back in the game, and it won’t look crazy. When we do it, ‘Oh, that n-gga fucked off his money, he ain’t shit.’ So now we gotta start three feet behind the line again.”
Advocating for improved financial literacy, especially among athletes, Snoop emphasized the need for education beyond their specific skill sets. He urged, “You got these athletes, you teaching them how to run routes, how to dunk, do interviews and convert into analysts after they finish their career; how about teaching them to be businessmen at the end of their career?”
Had Snoop Dogg proceeded with bankruptcy, he would have joined the ranks of high-profile rappers like 50 Cent, who filed for bankruptcy in 2015. 50 Cent cited protection after losing significant lawsuit settlements. However, since closing his bankruptcy case in 2016, 50 Cent has successfully rebuilt his entertainment empire through ventures like producing the hit TV show Power, starring in movies, and embarking on a sold-out world tour.
Snoop’s revelation echoes a broader trend in the music industry, with artists like MC Hammer facing financial challenges leading to bankruptcy filings. The openness about financial struggles provides insight into the complexities of managing wealth in the entertainment business.
