Tyrese’s Net Worth: Why the Actor Claims He’s Broke

Tyrese Gibson

Tyrese Gibson | Frazer Harrison/Getty Images

Tyrese Gibson‘s financial woes have gone from bad to worse and now he’s claiming that he is going broke. So exactly how much is the actor worth and what is he spending all his money on?

Despite a successful music career with the R&B Group TGT and acting in films like Baby Boy, Four Brothers, Annapolis, three Transformers movies, Death Race, Ride Along 2 and five of the Fast films, Tyrese has said that he can no longer afford his lifestyle. Therefore, he is unable to pay his ex-wife’s legal fees because he spends more than he makes.

Reports about the Fast and Furious star’s financial issues initially surfaced in November 2017. At the time, Tyrese’s net worth was reported to be around $10 million but the singer took to social media with an emotional video that he was paying $13,000 a month in child support and was in a desperate situation.

Ladies are our Queens of the Earth….. This is not about Men vs Women…. This is about Men and FATHERS vs LIARS I️ love you…… But like you who always show UP and stand UP for each-other I’m just trying to be a Voice for the unspoken…… The silent protest…… For fully committed and evolved father…… Rather Black, Latino, Asian, Native American, Italian, Dominican or Puerto etc……. rather you have 2 dollars to your name, millionaire, lawyer or the president in the end we all have one thing in common….. None of us as fathers or grandfathers wanna go home and NOT see or have “access” to our angels….. boys make babies real MEN and FATHERS will do whatever it takes to RAISE our angels……………….. I️ know I️ know…. this all looks a way….. Just know this.. God is really really UP to something and I️ have already accepted what God has told me to do…………..

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Following his gutwrenching post, he revealed in court papers that his monthly income was $105,000 but his expenses were $107,000. The amount owed to his lawyers was around $133,000 and he said that he had $800,000 in the bank with real estate assets worth $1.7 million.

Tyrese also claimed that because of his brutal custody battle and accusations made against him by his ex, he wasn’t getting movies roles, which is the reason he was so angry at Dwayne Johnson. Tyrese blamed his co-star for delaying the ninth installment of the Fast franchise and went public with their feud by going on several rants about Johnson.

“Hello world………. hello loyal fans and loved ones from OUR fast universe,” he captioned a picture of himself with Johnson and Vin Diesel. “I’m sorry to announce that if Dewayne [sic] is in Fast9 there will no more Roman Peirce — You mess with family and my daughters survival I mess with yours……… close your eyes dude you’re a ‘Clown’……  All my real one…. Men on integrity… my real ones out here stand UP…… folks that GP to the gym and get big naturally #NoJuice #NoOJ spin off huh? Spin off these nuts selfish champ…… pause notice who’s got his arms around my shoulder and who’s standing alone.”

In August 2018, Tyrese made headlines again for his money troubles. CelebrityNetWorth.com then noted that the singer had a net worth of around $3 million. According to TMZ, he responded to his ex’s request for payment of her legal fees and updated his expenses at $124,000 a month. That amount includes his mortgage, utilities, child support, and groceries. Tyrese stated that he only brings in about $51,000 a month, and therefore faces a $73,000 a month deficit. Furthermore, he said that his savings of $800,000 have dwindled due to all the expenses and he now only has $130,000 in the bank.

The singer and Norma Gibson Mitchell have been engaged in the custody battle over their 11-year old daughter Shayla. They currently have shared custody, but Tyrese wants Shayla to live with him in Atlanta rather than with her mother in Los Angeles. He married