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Chris Lighty, RIP

Florence Anthony | 9/7/2012, 12:34 p.m.
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Farewell to Chris Lighty. The hip-hop mogul died Aug. 30 after apparently shooting himself in the head following an argument with his estranged wife, Veronica. Lighty was found on the basement patio of his three-story brownstone in the posh Riverdale neighborhood in the Bronx. A gun was next to him. While there are reports that claim Chris owed the IRS $5 million, the Associated Press reported that he had paid off most of what he owed by selling a Manhattan apartment for $5.6 million in October. Sources say he was worth an estimated $30 million despite recently being sued by City National Bank for not paying them after he had overdrawn his account by $53,584.

Through the years, Lighty managed some of the greatest names in hip-hop, including Sean "Diddy" Combs, LL Cool J, Busta Rhymes, Mariah Carey and 50 Cent, for whom he negotiated a multimillion dollar deal with Vitamin Water. Lighty was currently managing new hip-hop standout Diggy Simmons, the son of Run DMC's Rev. Run and nephew of hip-hop impresario Russell Simmons. Lighty was the father of several children. He and Veronica had two children, who were at a park nearby at the time of his alleged suicide. He also had two children with another woman, and twins with a woman who left Shaquille O'Neal for Lighty after he bought her a Jaguar and many other luxury items. Unfortunately, sources say that once he found out she was pregnant, he never communicated with her or the children again.

"I am deeply saddened by the loss of my dear friend and business partner Chris Lighty," 50 Cent said in a statement. "Chris has been an important part of my business and personal growth for a decade. He was a good friend and adviser who helped me develop as an artist and businessman. My prayers are with his family. He will be greatly missed." RIP.

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