Busta Rhymes is making headlines after he was arrested and charged with assault in New York on Wednesday. According to the reports, the 43-year-old rapper allegedly got into a fight with a Manhattan gym employee, Gulf News noted.

At around 8:30 p.m. on Wednesday, Busta Rhymes, whose net worth is $20 million, was arrested after the incident at Steel Gym, New York City. As per the New York Police Department, Rhymes got into a fight with a gym employee that intensified when he threw a carton of protein drink to the man, hitting him in the head, People revealed.

Following the incident, Busta Rhymes took to Instagram and addressed the incident early Thursday morning.

"Thanks to everyone who helped expedite this evening for me," he wrote. "I'm good and we're back to the grind. Heading 2 the studio 2 turn the bulls--- into GREATNESS. I'm super good."

Busta Rhymes' lawyer, Scott Leemon told New York Daily News that his client will be due back in court on Nov. 6 and will face the second-degree assault charge.

"This is clearly an attempt by someone to take advantage of Busta," Leemon said. "He did nothing wrong. This is a bunch of bull."

Meanwhile, Busta Rhymes is a rapper, producer, songwriter and actor who has amassed a $20 million net worth. In the U.S. alone, he has sold over 10 million albums. According to The Richest, Rhymes has released nine studio albums and seven of them have achieved either Gold or Platinum status.

Rhymes is a talented musician who is famous for his fast and highly intricate rapping style. Aside from rapping with highly impressive speed, his lyrics are also characterized by use of slant and internal rhyme.

With the release and subsequent success of his albums, Busta Rhymes' net worth and popularity immediately skyrocketed. Unfortunately, it was reported in late May 2014 that he was facing financial problems. As per Celebrity Net Worth, Rhymes owed $789,577 in back taxes. The IRS claimed that he failed to pay $611,000 in taxes for 2008 and $178,000 for 2012. So far, Busta Rhymes has not commented about this issue.

In line with his recent run-in with the law, do you think the assault charges and his arrest affect Busta Rhymes net worth value?