Tyrese Gibson Reveals He Is Broke And Owes Money To The Banks

Tyrese Gibson might want to scale back his spending.

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.

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