“I nearly went bankrupt, I was reckless” – Bella Shmurda reflects on near-financial collapse after fame

Afrobeats singer Bella Shmurda has revealed that he nearly went bankrupt due to an extravagant lifestyle and poor money management.

In an interview with YouTuber Korty EO, Shmurda said accommodating and sponsoring his friends’ lavish lifestyles drained his finances and taught him important lessons about managing money.

“I used to have a lot of money but I rushed things. I wish I was wise then. I was just buying things extravagantly, things I eventually had no need for. At this point, as I am getting new money, I have to think about every move I want to take.

I was accommodating up to ten of my friends back then and we were all receiving female visitors. I bought three cars at once just so that my friends would go out with me in convoy. I was reckless,” he said.

He explained that his previous reckless spending habits forced him to rethink how he approaches money, especially now that he earns new income.

Bella Shmurda also used the opportunity to advise his fans and fellow musicians on financial responsibility, urging them to manage money wisely to avoid facing bankruptcy or learning the hard way.

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