Newspaper REFUSES To Retract Article On Cardi’s Tangled Finances|Cardi Says Offset Issues NOT Hers | HO
If you’re Cardi B, you might be wondering what’s going on right now. Last week, Cardi went on a social media rant defending herself against rumors and accusations about her finances. She asserted that despite some issues with loans and liens involving Offset, she’s doing just fine financially. Cardi shared screenshots from Lou Taylor, her manager, expressing frustration with a recent article from The Sun that painted a dire picture of her financial situation.
The Sun’s article claimed Cardi had only 65 days to come up with $3 million or face foreclosure on her Atlanta mansion. The report went into detail about her and Offset’s financial issues, suggesting they were living beyond their means. Cardi responded by posting about her financial responsibility and budgeting skills, and she dismissed the claims as false. Lou Taylor announced they would be issuing a takedown notice, arguing that the article contained inaccuracies and misrepresentations.
Given that The Sun has a massive readership and typically does thorough research before publishing such claims, it was surprising that they didn’t take down the article immediately. I decided to give it 24 hours to see if they would retract their statements. When the article remained up after 72 hours, it seemed clear that The Sun was standing by their story.
The Sun’s article detailed that Cardi B needed to find $3 million within 65 days to avoid losing her mansion. The report also highlighted Offset’s mortgage problems and mentioned that Cardi had pulled out $2 million in equity from their property shortly before filing for divorce. Cardi has denied these rumors, asserting that she and Offset are not broke and that they are dealing with their financial matters responsibly.
Public records show that Cardi and Offset have accumulated significant debts, including a $3 million loan for their Atlanta property and other large mortgages totaling $11 million. The Sun reported that Cardi’s claims about the value of their properties might be overstated, with Zillow estimating their worth slightly lower than Cardi’s valuation.
Cardi also owns a large nine-bedroom home in New Jersey, purchased for $5.85 million in 2021 and now valued at $6.1 million. These transactions were handled through trusts managed by Kim Kardashian’s former manager, Lou Taylor, who is also Cardi’s current manager. Taylor has a controversial history, including managing Britney Spears during her conservatorship and being accused of profiting from Spears’ situation.
The article mentioned that Cardi and Offset also have other property investments, including land and multiple properties in Atlanta, but there have been delays in their development. They’ve faced state tax liens worth up to $13,300 between 2021 and 2022, though these have been settled recently.
Cardi has repeatedly claimed she’s financially secure and not worried about money. She’s said she’s made a lot of money, with recent brand deals and a strong social media presence. However, the continued publication of The Sun’s article without retraction suggests there might be some truth to the claims, or at least that there’s enough evidence for The Sun to stand by their reporting.
The Sun’s report also touched on the couple’s relationship issues, suggesting that their financial problems are contributing to their divorce. Cardi and Offset’s marriage has been troubled, with reports of Offset’s infidelity and their public disputes. Cardi seems to view the Atlanta mansion as Offset’s responsibility, and her lack of concern about losing it might be indicative of her broader attitude towards their assets and relationship.
Offset’s recent social media posts, including one where he criticized someone for being ungrateful despite their help, might be a reflection of his feelings about the situation with Cardi. He seems to feel that despite his support for Cardi and her family, there’s a sense of dissatisfaction or betrayal.
Overall, it seems that while Cardi B is not financially broken, there may be some truth to the financial issues reported by The Sun. The lack of retraction suggests that The Sun has substantial evidence backing their claims. The key issue might be Cardi’s indifference to the potential loss of their Atlanta property, possibly due to ongoing issues with Offset and her perception of their assets.
VIDEO:
