Lil Wayne Gets Schooled

Lil Wayne recorded an announcement to encourage kids to stay in school, and not be a rich fool like him. Hmm, it seems the only message kids are going to get is to be like Lil Wayne.

We think Lil Wayne is trying to do some community service to keep his jail sentence shorter like T.I. did.


Michael Jackson Was Cash Broke

michael jackson overdose Michael Jackson Was Cash Broke

Michael Jackson had only $668,215 in the bank in cash when he died. Here’s the breakdown of his assets:

According to the documents, Jackson’s net worth was estimated at $1,360,839,979 on July 31, 2007. Of the total assets $1,150,000,000 is the Sony-ATV Publishing Trust (Beatles Catalog).

The other assets are as follows:

  • Real property $73,475,000 (Neverland valued at $66,875,000, Encino Home valued at $6,600,000)
    Restricted cash $10,696,764 (this is a cash reserve to pay interest on loans)
    Media Archival materials $20,000,000
    MJ Publishing Trust $85,000,000
    Professional equipment $1,000,000
    Automobiles, antiques, collectibles & other personal property $20,000,000

As for liabilities, the biggest was Neverland Ranch at $323,000,000. The description "Notes payable to Fortress are collateralized by Mr. Jackson’s interest in the Sony-ATV Publishing Trust and a partial security interest in the Los Olivos, California (Neverland) property. Additionally, as of March 31, 2007, the bank holds restricted cash in the approximate amount of $7,803,621. With other liabilities, the sum comes to $331,000,000."

Combined assets totaled $1,360,839,979.

Jackson was worth a lot on paper, but he didn’t have much cash to spend, which explains why he was getting sued for unpaid pharmacy bills.

Zac Efron Shirtless 2

zac efron shirtless 1 Zac Efron Shirtless 2

Zac Efron was walking around shirtless, and doing pushups between takes, on the set of The Death and Life of Charlie St. Cloud over the weekend.

Oh, and Zac was delivering a package wrapped in blue sweat pants.

zac efron shirtless 2 Zac Efron Shirtless 2

Gerard Butler and Jennifer Aniston Are Dating

gerard butler and jennifer aniston dating Gerard Butler and Jennifer Aniston Are Dating

Gerard Butler and Jennifer Aniston are rumored to be dating, which is what Jennifer wants you to think. Every time Jennifer does movie she pretends to be suddenly dating her male costar right up until the movie starts to finish its run at the theaters, then the relationship starts to fall apart right on cue.

There’s no real relationship, it’s all to peak interest in these two to sell more movie tickets and DVDs. Jennifer is a master at marketing, and we salute her for it.