Nicki Minaj At Risk Losing $20M Los Angeles Home Over Debt

[Teletubby 152,167]

Nicki Minaj’s Los Angeles mansion is at risk of being sold off due to a massive unpaid debt she and her husband, Kenneth Petty, have refused to pay.

On October 6, Thomas Weidenmuller, who was awarded $503,000 from Minaj, 42, and Petty, 47, in a lawsuit over alleged assault by Petty in 2019, asked the court to order the rapper’s home to be sold to help him collect on the money owed.

Weidenmuller, who was a security guard at one of Minaj’s shows in Germany, said Minaj owns an 11-bedroom, 16-bathroom, 11,820 square foot home in Hidden Hills, California. The entertainer purchased the home for $19.5 million in December 2022, according to property records.

In his motion, Weidenmuller explained that he believes the home is worth enough to pay off the mortgage, liens and his debt.

He pointed out that Minaj has a $13,258,000 mortgage lien on the home and a “$722,151 homestead exemption — together just under $14 million.”

Weidenmuller told the court, “The property’s current fair market value is appraised at $20 million, yielding approximately $6 million in equity beyond the lien and exemption. That amount is more than sufficient to satisfy the judgment, plus accrued interest and enforcement costs.”

He said the law does not require him to exhaust other collection efforts before asking for a debtor’s home to be sold off. “Here, there is no doubt that the sale of the dwelling would satisfy the entire judgment, with millions to spare,” he said.

https://www.usmagazine.com/celebrity-news/news/nicki-minajs-20-million-l-a-home-at-risk-of-being-seized-over-debt-excl/

[Mirrion Rizzons 11,823]

4 minutes ago, Teletubby said:

11-bedroom, 16-bathroom

when will celebs realise a 5 bed, 4 bath is more than suitable for their needs, even that is a very generous offering

[Knife 6,922]

So...there's truth to the rumors about her finances?

[DrKindnessKunt1999 6,183]

I feel really bad for their son. 

[Gohan 16,512]

She can lick it she can ride it but she can't pay her mortgage

[LadyxGaGa 2,496]

is this the home when she did the vogue 73 Q’s

[Jackaroo 1,955]

she’s got the money but probably afraid to lose the ‘richest female rapper’ title. 

[Jackaroo 1,955]

2 minutes ago, LadyxGaGa said:

is this the home when she did the vogue 73 Q’s

That house has gone down in the fire didn't it? 

[LadyxGaGa 2,496]

4 minutes ago, Jackaroo said:

That house has gone down in the fire didn't it? 

oh that’s a genuine shame that house and view was gorgeous 

[Lucas 27,548]

All her money was used to buy c*ke, pay rapists out of jail and silence her husband's rape victim 

 

[PunkTheFunk 124,612]

If I had 16 bathrooms I would use a different toilet for each bowel movement I have in a single day, although I'd still be 4 short.

[ALGAYDO 33,306]

16 bathrooms? 1 for her, 1 for her husband, 1 for the kid, 1 for guests, 1 for the staff, 1 just in case one of the other toilets gets clogged or destroyed after some Taco Bell, and the 10 leftover ones are for doing coke 

[Anderson123 38,948]

Oh no..

[Lord Mayhem 1,438]

She got all that money for drugs and getting rapists out of court but none to pay her actual debts...

Choices...

[timdrake 1,099]

36 minutes ago, ALGAYDO said:

16 bathrooms? 1 for her, 1 for her husband, 1 for the kid, 1 for guests, 1 for the staff, 1 just in case one of the other toilets gets clogged or destroyed after some Taco Bell, and the 10 leftover ones are for doing coke 

that was my first thought too, the coke