This was NEWS to me, R&B artists of the late 1990s and early 2000s is on the verge of bankruptcy, his lawyer admitted.
Ginuwine, who’s real name Elgin Baylor Lumpkin — against Robert Reives, executive producer of his hit debut album, “The Bachelor.”
“Mr. Lumpkin is very close to declaring bankruptcy,” Ginuwine’s lawyer, Bruce Beckner, said. “He owes my firm a ton of money and a bunch of other people a ton of money. He owes Uncle Sam 300-odd thousand dollars in back income taxes.”
Beckner attributed the money trouble to a recent divorce from his wife, the rapper Solé.
Reives says he is owed royalties from a $1.25 million five-album deal Ginuwine signed with Sony, and seeks as much as $250,000.
Fifteen years ago, $250,000 would have been considered chump change to Ginuwine, a chart-topping star who has sold about 7 million records.
His debut single, “Pony,” spent two weeks atop the R&B charts in 1996.
Beckner did not respond to a request for comment.
Efforts to reach Ginuwine, whose net worth celebritynetworth.com estimates to be $11 million, were unsuccessful.