G-Unit head 50 Cent is showing his business-savvy ways these days by reportedly looking to lease his iconic Connecticut mansion.
According to reports, Fif met with creditors this week 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)
New documents this week 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)
Recent reports claimed Fif appeared in a bankruptcy court Monday (August 3) and said his expenses totaled $108,000 every 30 days.
He has a monthly income of $185,000, mainly from royalties and interest on his investments. His Monday court filing says he also owes money to his stylist, his barber and his fitness coach. (AP)
Reports also claimed Fif spent over $70,000 on maintaining his home.
Other monthly expenses for the Power actor include $72,000 a month for his 50 room mansion, including utilities, mortgage, property tax and insurance. Additionally, Jackson spends $9,000 for security, $5,000 for gardening, $1,000 for grooming and another $3,000 in wardrobe per month. (People)