Tuesday, October 4, 2022

50 Cent’s Bankruptcy Statement Includes 7 Cars Valued at Half Mil

50 cent - glasses

*Rapper 50 Cent owns seven cars valued at more than $500,000 and pays $72,000 a month for the upkeep of his Connecticut mansion, according to bankruptcy court filings.

His businesses, however, suffered losses of more than $10 million last year and in 2013, reports the Associated Press.

His most valuable asset is his Farmington property, listed in papers filed Monday in a Connecticut court at nearly $8.3 million. His cars include a 2010 Rolls Royce and a 1966 Chevrolet coupe.

The filings show losses of more than $10 million in 2013 and 2014, with expenses outstripping income and losses posted in 50 Cent’s records, adult film and G-Unit Brands businesses.

As of July 13, the businesses were in the black.

The rapper, born Curtis James Jackson III, filed for bankruptcy last month after a New York City jury ordered him to pay $7 million to a woman who said he posted online a sex tape she made with a boyfriend.

His expenses of $108,000 a month include $5,000 for gardening.

He has a monthly income of $185,000, mainly from royalties and interest on his investments. The court filing says he also owes money to his stylist, his barber and his fitness coach.

He’s due back in bankruptcy court Wednesday.

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