50 Cent’s Bankruptcy Money Woes Worsen

Written By Cyrus Langhorne

50 Cent
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G-Unit boss 50 Cent is reportedly far from finished with his publicized bankruptcy case and owes even more than originally estimated.

According to new reports, Fif is actually over $30 million behind in his bankruptcy case.

While The Get Rich or Die Tryin’ star, whose real name is Curtis James Jackson III, previously said he was only $28 million in the red, it has been revealed he is actually $36 million in debt – and he only has $19 million in assets, according to the documents obtained exclusively by Daily Mail Online. (Daily Mail Online)

In mid-April, reports claimed 50 would reach a multi-million dollar plan to settle his bankruptcy drama.

Fiddy plans to dole out the biggest pay-out to headphone company Sleek Audio, with $17.3 million, according to court documents obtained by the gossip site. He also pledged $4.9 million to Sun Trust Bank and said he plans to liquidate some of his assets to cover the massive debt. The hefty proposal would work out to roughly $400,000 a month. (New York Daily News)

U.S. Bankruptcy Judge Ann M. Nevins scolded Fif in court last month.

I would like to make a brief comment about the use of social media,” she said. “I want to be clear that when parties are in this courtroom or … they’re in a conference room around the corner from this courtroom, that’s not funny. … There’s nothing funny going on here. This is very serious stuff. So, I just want to make that point.” (Hartford Courant)

Last month, 50’s judge banned smartphones from court proceedings.

The judge banned all electronic devices from the courtroom and conference rooms in response to Fiddy’s last court appearance. You’ll recall he posted a shot of himself last month with a wad of possibly fake cash in his waistband … while a hearing was STILL IN PROGRESS. The judge said she’s all for free speech, but implored 50 to quit with the antics and take the case seriously. (TMZ)

1 Comment

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.

One Comment

  1. Watch his stans claim he is “playing” the judge and court. Face it, the guy has financial troubles. There is no reputable, high profile attorney willing to risk his law license and his firms reputation for pay from a rapper. 50 is a rapper, not a hedge fund manager. He doesn’t have the clout or influence to pull off a scam on a federal bankrupcy judge. This is self-inflicted, so no sympathy here.

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