Rich The Kid Slapped With $235K Lawsuit Over Unpaid Jewelry: Report

BYAron A.Updated on September 26, 20222.1K Views

The diamonds might shine but Rich The Kid's facing bigger issues with the jeweler that sold him the jewelry.

Rich The Kid's facing a new lawsuit after a West Coast jeweler claimed that he did not cough up the dough for a six-figure tab. According to TMZ, Peter Marco of Extraordinary Jewels of Beverly Hills filed a lawsuit against Rich The Kid for $234K on claims that the rapper's in possession of bracelets and watches that he hasn't paid off.

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Marco claims that he's been working with Rich The Kid since October 2017 which seems to be around the time he released "New Freezer." Marco and Rich The Kid had a payment plan in order for the numerous necklaces, pendants, and Patek watches that the rapper ordered. Though the rapper was keeping up with his tabs, the money stopped coming in and the bills kept piling on, Marco claims. Marco is suing Rich The Kid for $234,800 -- the remainder of the money that he's owed.

This is, unfortunately, not the only lawsuit filed against Rich The Kid in recent times. The rapper was sued by Blueprint Artist Group, his management company, for $3.5M over claims that he breached agreements in their contract. Blueprint Artist Group said that the rapper also screwed them out of over $3.5M from fees since they began to work with him.

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About The Author

Aron A.

Aron A. is a features editor for HotNewHipHop. Beginning his tenure at HotNewHipHop in July 2017, he has comprehensively documented the biggest stories in the culture over the past few years. Throughout his time, Aron’s helped introduce a number of buzzing up-and-coming artists to our audience, identifying regional trends and highlighting hip-hop from across the globe. As a Canadian-based music journalist, he has also made a concerted effort to put spotlights on artists hailing from North of the border as part of Rise & Grind, the weekly interview series that he created and launched in 2021. Aron also broke a number of stories through his extensive interviews with beloved figures in the culture. These include industry vets (Quality Control co-founder Kevin "Coach K" Lee, Wayno Clark), definitive producers (DJ Paul, Hit-Boy, Zaytoven), cultural disruptors (Soulja Boy), lyrical heavyweights (Pusha T, Styles P, Danny Brown), cultural pioneers (Dapper Dan, Big Daddy Kane), and the next generation of stars (Lil Durk, Latto, Fivio Foreign, Denzel Curry). Aron also penned cover stories with the likes of Rick Ross, Central Cee, Moneybagg Yo, Vince Staples, and Bobby Shmurda.