This last year has definitely been a rough one for singer, Mary J. Blige. Her divorce from husband/manager Kendu Isaacs has only become more bitter by the day. Now, her divorce papers are revealing her financial situation–and it does NOT look good!
via Daily Mail
The R&B singer, who is in the midst of a bitter legal separation with Martin ‘Kendu’ Isaacs, filed an Income and Expense Declaration in a Los Angeles court on August 8, after she was given a temporary order to pay him $30,000 a month.
Blige, 46, filed for divorce from Isaacs in July last year, citing irreconcilable differences after nearly 13 years of marriage. Isaacs later demanded spousal support claiming the star left him with ‘no source of income.’
Documents obtained exclusively by DailyMail.com, reveal the star earns $326,930 a month – with royalties and earnings from her production company being her main source of cash.
But the paperwork also showed Blige is in hock to Uncle Sam as she owes ‘unpaid back taxes of approximately $6.5 million for the years 2008 through 2016.’
The singer made a note of her debt after reporting a change in income due to a ‘large reduction in my royalties’ over the past year.
Expense records show she currently pays $14,000 a month for her Los Angeles rental and $2,340 for her two Mercedes-Benz.
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Her monthly expenses also include mortgage interest, insurance, and real estate taxes for her three homes across New York and New Jersey.
In 2015, Blige put her eight-bedroom, ten-bathroom, Saddle River, New Jersey mansion up for sale, but it remains on the market.
It was listed as ‘un-rentable’ along with her property in Cresskill which has been boarded up by the city and is in a state of ‘disrepair.’
Isaacs, on the other hand, who formerly served as Blige’s manager, had a gross monthly income of $43,977 based on commissions.
Following Blige’s divorce filing, he claimed his estranged wife’s decision to fire him has left him with ‘no source of income.’
In June, a judge ordered the 46-year-old to pay Isaacs temporary spousal support of $30,000 per month. He had originally sought $130,000.
He wanted the Grammy winning songstress to help him pay for expensive meals out, a housekeeper and to generally help him maintain his ‘lavish lifestyle.’
According to his court papers Isaacs specifically wanted Blige to cover the majority of the $116,250 he spends per month. He also wants her to cough up $5,000 a month to support his parents and $4,971 a month in support for his two children from a past relationship.
Blige had been fighting against his request, accusing him of blowing money on his ‘girlfriend’ and claiming it as business expenses.
Earlier reports claim Isaacs had an affair with singer Starshell, who is Blige’s protege.
In court documents, she accused him of taking $420,000 and using it for what he called ‘travel charges,’ over a two-year period insisting the money was not spent on business-related activities or on activities that involved her.
In a note to her ‘Gross Cash Flow Available for Support’ Blige’s accountant states: ‘However, based on the summary of travel expenses prepared by [Chief Financial Officers of ASCOT Travel Services], Martin Isaacs incurred $419,299 of travel expenses over the period of March 2014 through August 2016 which were deducted as business expenses.
‘Accordingly, we added these amounts back to taxable income since they are non recurring.’
Previously TMZ had reported that Blige was ‘outraged’ over payment requests from her husband following their split, stating: ‘I am not responsible for supporting [Martin’s] parents and his children from another relationship which he lists as ongoing monthly expenses.’
Court papers also show the recording artist claimed the former couple’s estate is ‘underwater’ to the tune of $10 million and Isaacs contributes nothing to expenses and upkeep.
We will definitely be keeping Mary in our prayers. We echo Love B. Scott’s sentiments on a new album for her, but we wonder will she have to pay Kendu alimony too. Two words of recommendation for you Mary, “File Bankruptcy!”
Written By: Michael “Hey Mikey” Fanning
Follow me on Twitter/IG @HeyMikeyATL