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Started By
Message
Fitty admits that his lifestyle is an illusion.
Posted on 7/23/15 at 5:22 pm
Posted on 7/23/15 at 5:22 pm
quote:
After filing for bankruptcy last week, 50 Cent, whose real name is Curtis Jackson, appeared in a Manhattan Supreme Court on Tuesday morning to testify that he is not as wealthy as his flashy lifestyle makes him appear to be.
While Forbes estimated the rapper's fortune to be about $155 million in May, Jackson's lawyer said in court Tuesday that his client's worth is $4.4 million, which presents a problem after he was hit last week with a $5 million verdict for publishing a sex tape starring rival Rick Ross' ex-girlfriend.
Jackson explained in court that while his social-media accounts may be filled with flashy photos, "I take the jewelry and the cars back to the stores," according to the New York Daily News.
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Posted on 7/23/15 at 5:23 pm to blueboy
quote:
"I take the jewelry and the cars back to the stores," according to the New York Daily News.
Posted on 7/23/15 at 5:25 pm to blueboy
A ton of celebrities do that, especially those whose only source of income is appearances and just being who they are. Have to have the appearance of being ultra wealthy to keep getting appearance gigs.
Posted on 7/23/15 at 5:26 pm to blueboy
Posted on 7/23/15 at 5:30 pm to blueboy
quote:
Jackson's lawyer said in court Tuesday that his client's worth is $4.4 million, which presents a problem after he was hit last week with a $5 million verdict for publishing a sex tape starring rival Rick Ross' ex-girlfriend.
Then don't do dumb shite. Pretty simple, if he wasn't being a dickhead and messed with a sex tape he wouldn't owe a ton of money.
How do you blow through so much fricking money? He got what amounted to nearly 200 million off the vitamin water deal when it sold to Coke.
Posted on 7/23/15 at 5:31 pm to Signal Soldier
Just like many before him and many more to come, you can't pay 35 people just to hang out with you and make really stupid purchases and expect to last very long.
This post was edited on 7/23/15 at 5:32 pm
Posted on 7/23/15 at 5:38 pm to blueboy
Right. I am sure a simple view of his music contracts will tell what he is really worth. He seems like the kind of guy to have his wealth in offshore accounts. He is a republican, fwiw.
Posted on 7/23/15 at 5:43 pm to blueboy
And he is, in no way, trying to hide his real net worth from the court, right? 
Posted on 7/23/15 at 5:50 pm to AUCE05
quote:
He is a republican
The horror.
Posted on 7/23/15 at 5:51 pm to blueboy
Hey at least he lived it up on social media
Posted on 7/23/15 at 6:00 pm to AUCE05
quote:What does that have to do with anything.
He is a republican, fwiw.
And if he made a sex tape and released it without permission, I refuse to believe he's a shrewd business genius. He looks dumb as frick.
And a lot of the huge payoffs that are reported are often PR as well.
Posted on 7/23/15 at 6:03 pm to blueboy
quote:This should be shouted from every microphone on every stage in the culcha..
hit last week with a $5 million verdict for publishing a sex tape starring rival Rick Ross' ex-girlfriend.
This is hilarious to me
Posted on 7/23/15 at 7:18 pm to yankeeundercover
I guess he wasn't on cribs with a fancy house and tons of cars.... he was just renting and borrowing lol. You don't make a 100 million selling your stake in vitamin water,sell millions of cds,do concerts and movies...and be broke. He's a bad liar.
Posted on 7/23/15 at 7:21 pm to CatsGoneWild
He personally may not have that much on hand. People with that amount of wealth hide it in tusts, LLCs, etc just for reasons like this.
Posted on 7/23/15 at 7:22 pm to blueboy
Same as the athletes.
Can't manage their money.
Can't manage their money.
Posted on 7/23/15 at 7:26 pm to blueboy
I would assume he is playing broke and being rich than the opposite.
Posted on 7/23/15 at 7:27 pm to blueboy
Everything makes sense now.
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