Cyrus Langhorne
G-Unit boss 50 Cent‘s habit of putting out pictures of himself surrounded by money in light of a publicized bankruptcy case has sparked some negative attention.
According to reports, Fif has to appear in court to defend his flashy social media posts.
The rapper “50 Cent” is heading to court to explain why he’s declaring bankruptcy — while posting pictures of himself surrounded by cash on Instagram. In court on Thursday, the judge told the rapper’s attorney: “I’m concerned about allegations of nondisclosure or a lack of transparency in the case.” (CNN Money)
Last week, 50 publicly spoke out on his financial status amid widespread bankruptcy reports.
“Look, there’s a difference between filing Chapter 7 and Chapter 11. When you file, it’s because you’ve had lawsuits come in and people receive judgements that’s astronomical, those amounts. You look at it and go, ‘Well, let me restructure,’ because it gives you, from the point you actually file, it gives you five years to do it. So everyone is on a different schedule. They know you ain’t getting paid. So no one’s been paid. Every dime is in the same account that I had it in before you heard anything had happened – did I ever tell you how much money I make a year? But it covers the nut. … It’s greed man, they can’t control it. You see what I’m saying? I’ve been sued for things repeatedly that people haven’t been sued for. They look at you and see you have deep pockets.” (Shade 45 StreetzIzWatchin)
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Recent reports claimed 50’s total assets were valued just under $20 million.
The mogul claims in the legal docs his bank booty totals $7.4 million. Add to that his real property holdings of around $8.8 million and his total assets are just north of $16 million. It’s a breathtaking number, but not in a good way. 50 sold his interest in Vitaminwater for somewhere between $60 million and $100 million. Mind you … that’s just the water. At his peak, 50 was reportedly worth hundreds of millions of dollars. (TMZ)
A few months ago, rap star Rick Ross took a jab at 50 over his bankruptcy case.
“Two losers, you dig,” Ross said when asked for his reaction to his assault victim taking a picture with rap foe 50 Cent recently and posted it onto Instagram. “It’s gonna be all good, it’s the boss. I’m gonna be honest, it’s really not personal with me. I just feel homie a shallow, weak dude. You gotta be shallow at this point. I’d probably be in my emotions as well if my first album was called Get Rich or Die Tryin’ and I file bankruptcy. I guess his kidneys fail. But either way it go, at the end of the day, you like that right, you know we keep our foot on the neck – it’s nothing personal with me.” (“The Breakfast Club”)
https://www.youtube.com/watch?t=876&v=KesGJBz6f3U
What planet does this guy live on that he thought he wouldn’t have to answer for trying to impress internet dumbasses on social media? How old is this guy?