Laughin’ Straight To The Bank: 50 Cent Sparks $75 Million Battle

Written By Cyrus Langhorne

50 Cent
1.5k Views 4 Comments

G-Unit head 50 Cent has reportedly taken action and sued a Wall Street law firm for $75 million.

According to reports, Fif’s going after the firm over its poor representation of him during a past headphones deal.

The rapper claims the law firm did a terrible job representing him while he was dealing with the legal fallout from a failed venture with a company called Sleek Audio. Inspired by the success of Beats by Dre, 50 Cent began working with Sleek in 2010 to create his own brand of headphones called “Sleek by 50.” (Business Insider)

Over the summer, reports claimed Fif asked a bankruptcy judge not to publicize his past profits from beverage company VitaminWater.

theJasmineBRAND.com exclusively reports, 50 Cent (real name Curtis Jackson) is pleading with the judge presiding over his bankruptcy to not reveal how much he actually racked in by being the face of VitaminWater over the years, claiming if the terms of the deal were made public it would ruin his career and give other companies the upper hand in negotiations for future deals. (theJasmineBrand)

50 met with creditors last summer to discuss leasing his $8.3 million dream home.

The Hartford Courant reports the disclosure came Wednesday during a meeting of creditors. The meeting was conducted by U.S. Trustee, a federal agency that oversees bankruptcy proceedings. Stephen Savva, a lawyer for 50 Cent, says no deal had been reached to lease the Farmington mansion, which the rapper purchased in 2003. (ABC News)

Recent documents showed Fif had around $25 million in assets.

The records, published by Buzzfeed, also claim that 50 owes creditors more than $32.5 million dollars. His expenses, which range from lawn maintenance on his 21-bedroom Connecticut mansion to $12,000 a month in child support (he has two sons, Marquise and Sire), allegedly leave him with a comparatively modest gross income of $76,969.58. (Billboard)

4 Comments

Written by Cyrus Langhorne

SOHH.com Writer. You're likely to find me covering hip-hop news and music releases. Netflix is still my go-to before Disney Plus.

4 Comments

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