The So So Def founder and former top executive at Island and Virgin Records has a growing list of debts.
So So Def Records founder Jermaine Dupri (f/k/a JD) once rapped "Money Ain't A Thang" on his 1999 breakthrough single. Now, the Atlanta, Georgia-based executive, producer and onetime artist will be taken to task over that statement. Dupri was sued by exotic car dealership Premier Financial Services over missed payments on a Lamborghini Murcielago.
In 2011, Dupri was sued by the dealer for approximately $79,000 in missed car payments on the $330,000 Italian sportscar. Dupri's Lambo was reportedly repossessed that same year. Two years later, according to TMZ.com, a judge has ruled in favor of the dealership. The mentor to Bow Wow, Kris Kross and Da'Brat now must pay the balance.
Dupri, a former top executive at both Virgin Records and Island Records, is currently facing IRS debts estimated at a reported $800,000.