EXCLUSIVE: He’s far from broke! Bankrupt 50 Cent has more than $64 MILLION in assets, $10 million in checking and stocks and is still earning $184,000 a month
Bankrupt rapper 50 Cent is far from broke. In fact, he is still extremely rich.
New bankruptcy documents obtained exclusively by Daily Mail Online reveal he has more than $64 million in assets and property.
50 Cent, who’s real name is Curtis James Jackson III, filed bankruptcy last June days after a New York jury awarded fellow rapper Rick Ross’ 𝚋𝚊𝚋𝚢 mama, Lastonia Leviston, $7 million in a legal battle over her leaked 𝓈ℯ𝓍 tape. Which he has yet to fork over.
The lawsuit stemmed from a 13-minute video that appeared online in 2009 featuring a wig-wearing Fifty as a narrator dubbed Pimpin’ Curly.
The character made explicit remarks about Leviston and taunted rap rival Rick Ross, who at the time was trading barbs with Fifty via video, lyrics and interviews.
50 Cent got the 2008 tape from the man in it – Leviston’s boyfriend at the time.
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Far from broke: Appraisers found rapper 50 Cent has more than $64 million in assets and property and over $36 million in liabilities
Casting doubt: Bankruptcy Judge Ann Nevins has called into question his claims following a series of photographs showing the 40-year-old posed with stacks of cash like this one where he spells out the word ‘BROKE’ in the money
The 40-year-old rapper also lost a legal battle with his ex-business partners over a failed headphone deal and was slapped with a $17 million judgement in that case.
According to his Chapter 11 petition, Fifty claimed he had assets between $10 to $50 million but that his liabilities were in the same range.
Last month, he filed documents in the bankruptcy stating he only had $16 million in assets.
However, it appears appraisers checked into it all – and found his assets total over $64 million and that he only has liabilities totaling more than $36 million.
In addition, 50 Cent’s current monthly income is $184,000-plus. The appraisers also valued his home goods to $131,000 including $49,000 in jewelry alone.
Appraisers found he has over $10 million in checking and stocks as well as his various G-Unit and other business’ which are worth over $44 million.
His bankruptcy claims have come into question by Judge Ann Nevins, who is concerned over his actual need for bankruptcy and has asked for him to explain a series of photographs he posted to social media.
Cash money: Fifty also posed lying down on a bed of stacks of $100 bills as new bankruptcy documents reveal he is earning $184,000-plus a month
Flagged: Lastonia Leviston, who won $7 million in a 𝓈ℯ𝓍-tape dispute with rapper 50 Cent, alerted the judge of his series of photos because she has been unable to collect the money because the rapper claims he is broke
Fifty posted on his Instagram account photos of himself surrounded by piles of cash – one in which the money spelled out the word ‘BROKE’, another with him lying on a bed surrounded by the cash, a third with it stacked in his refrigerator- and finally, one with him posing in front of a wall of cash made out of towering piles of money.
‘I’m concerned about allegations of nondisclosure and a lack of transparency in the case,’ bankruptcy judge Nevins said at a hearing in Hartford, Connecticut.
‘There’s a purpose of having a bankruptcy process be transparent, and part of that purpose is to inspire confidence in the process.’
She added that bankruptcy is a place where ‘honest, but unfortunate’ people can get a fresh start, the Wall Street Journal reported.
