Tyrese’s Financial Problems are Worse than Expected

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Gibson, 38, is living outside of his means, according to court documents obtained by Page Six via The Blast. The “Fast & Furious” franchise actor filed documents that state he earns about $105,686 per month but has monthly expenses that total $107,576 per month.

Some of his monthly dues include paying $7,500 in childcare for his 10-year-old daughter Shayla, $9,744 in groceries and $14,869 for his home’s mortgage; however, the court documents state the actor-singer has $884,658 in cash and savings, and his property is worth $1,761,250.

In a self-recorded Instagram video before a court hearing in early November, Tyrese broke down in tears claiming he spends $13,000 per month in legal fees in his ongoing custody battle with ex-wife Norma Gibson and needed financial help. According to the court documents, Tyrese has already paid his attorney $68,055 but still owes $133,750. The “Sweet Lady” singer paid his lawyer, who charges $700 per hour, from his “personal funds.”

He claimed in a separate Instagram post that Will Smith and Jada Pinkett Smith gave him $5 million to help out with his expenditures.

Source: Page Six

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