Where did all 50 cent's money go?
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Where did all of 50 Cent’s money go?
By Stephanie Smith
August 4, 2015 | 2:49am
50 Cent Photo: FilmMagic
Is Fiddy really broke?
Details of 50 Cent’s financial standing filed in a Connecticut
court Monday claim he’s underwater, with $25 million in
assets but $33 million in liabilities.
The rapper, actor, business mogul and boxing promoter
filed for bankruptcy last month on the heels of being
ordered to pay $7 million to Lastonia Leviston, who sued
him after he allegedly posted a sex tape featuring her
online.
Fiddy (real name: Curtis Jackson III) claims in court he has $
25 million in assets, including an $8 million Connecticut
mansion, a $572,000 home in Valley Stream, LI, and an
Atlanta home worth $464,000.
But the “bankrupt” rapper is also claiming $33 million in
debts, most from the $7 million judgment owed to Leviston
and an $18 million debt to electronics company Sleek Audio
after they sued Fiddy after a deal to produce headphones
went sour.
He makes $3 million a year from his performing and
recording career, according to the filing.
He also rakes in another $370,000 from his boxing-
promotions company SMS Promotions, and another $
771,000 from books, films and touring under his G-Unit, and
other, entities.
The filing also claims Fiddy has $10 million in cash, and $
500,000 worth of cars including three Chevy Suburbans and
a 2010 Rolls-Royce.
But he also has about $108,000 in monthly expenses,
including a $5,745-per-month Bentley car lease and $12,000
in child support for two kids.
Since April, the well-dressed rapper has paid more than $
330,000 to American Express and another $52,000 to his
stylist Erin McSherry.
Reps for 50 Cent didn’t get back to us.
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