Legal Documents Surface Revealing Why Tyrese Gibson is Said To Be Broke

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Tyrese’s very public meltdown and subsequent public apology have been tabloid fodder for the better part of a couple of weeks now. Having chiefly to both with his custody battle for his young daughter Shayla and the physical abuse allegations that have threatened to prevent him from ever seeing her again, there was also a revelation that Tyrese floated out there rather innocently that caught the attention of public: he’s almost broke.

Apparently, the actor/singer has been bleeding money so badly over the last little while that he’s getting close to his last dime. A rumor, which turned out to be false, even had him borrowing a large sum of money from Will and Jada Smith in order to pay his legal team and other outstanding expenses from his recent court excursions. Now, TMZ has obtained documents that show the details of the situation. Tyrese Gibson may in fact be going broke, but it’s not just because of his ongoing legal woes

The gossip outlet is reporting that Tyrese’s monthly income is a little over $105,000 every month. This is definitely an amount of money that should be able to sustain someone with reasonable living expenses, but the Fast & Furious star’s expenditures don’t necessarily fall into that category. His monthly expenses are allegedly in the neighborhood of $107,500, which puts him at a net loss of nearly $2,000. In other words, just with his living expenses versus his income, he loses more than $20,000 in a year should numbers hold steady at this rate.

In addition to all that, Tyrese also owes his attorneys $133,750. The good news is that he still has $884,658 in his bank account and owns a property worth a reported $1.7 million. Only time will tell if his financial situation will get better or worse in the near future.

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