Reports say his financial issues stemmed from the purchase of a mansion.
One of the biggest news stories of the year was Tyrese's legal saga. For months, we watched Tyrese put his personal life out for the world to view while he fought for custody of his daughter. At first, it was hilarious especially because of the amount of videos and activity he had on social media. However, after a while, it really just became a sad thing to watch. One thing that stood out was the claim that he went broke because of legal fees but a new report shows there may have been another factor involved.
Tyrese reportedly spent $4 million on a new property in Atlanta a few months before he claimed he was broke, according to a report from TheBlast. The entertainer copped a 18,000 sq. ft. mansion that had 7 bedrooms as well as 9.5 bathrooms in it. The home was initially $4.495 million but he managed to get it for an even number. They say the property was bought under Tyrese's company, Voltron Enterprises Trust.
In addition to the amount of rooms and bathrooms available in the house, the property is apparently four levels high and includes a four car garage, a theater room, gym billiards room and a wine cellar fit to store 4000 bottles.
During his custody battle, Tyrese once claimed that Will Smith and Jada Pinkett gave him $5M for his legal fees but was later rebuked by sources close to the Smith family that said they did not give Tyrese any amount of money.