Bruno Mars poked fun in a cheeky post on Instagram on Tuesday while sharing his latest milestone on music streaming service Spotify. "I love the lore that I am a Las Vegas lounge singer in debt to the mob,

There have been rumors circulating the web for over a year that Bruno Mars is in massive debt. But is he? And if that's the case, why?

In short, no. A source told NewsNation that MGM “basically owned” Mars after he racked up millions in gambling debt with the hospitality and entertainment company. They also claimed that Mars was using his $90 million a year salary from his residencies at MGM to help pay the debt.