50 Cent Reports $7 Million To His Name In February Bankruptcy Documents

    In his latest bankruptcy documents, 50 Cent reports $16 million in assets and $7 million in his bank account.

    According to Bossip, these figures come from his mandatory spending statement for the month of February. Eight months after filing for Chapter 11 bankruptcy in July, the G-Unit rapper says he has $7,359,776 million to his name and $16.3 million in assets.

    The report says that 50 spent $83,226 total in February, including $5,700 on a lease for a Bentley and $6,500 for lawn maintenance. Child support cost him $12,097 and he made a mortgage payment of $17,354 on his Connecticut mansion, which has been on the market for nine years.

    He spent $5,600 on fitness and paid personal trainer Jay Cardiello $3,600.

    For his income, the rapper reports that he made $1,538 from his work with G-Unit Records and claims $29,597 collected in royalties. He says he got $520 in tax returns.

    50 spent less in February overall than what he reportedly spent in December. He spent $35,000 for mortgage and $24,000 for child support. However, he reported only $10 spent on fitness.

    The rapper is reportedly close to ending his bankruptcy case after reaching a settlement with his top creditors. Among them, he owes $7 million to Lastonia Leviston for posting a sex tape of her.

    For additional 50 Cent coverage, watch the following DX Daily:

    16 thoughts on “50 Cent Reports $7 Million To His Name In February Bankruptcy Documents

      1. Awwww aint that cute, rushing in to dickride fifty even though he taking all these L’s. So sad…………queer.

    1. This nigga done lost nearly all his money over some bullshit. #SNITCHPROBLEMS

      1. He aint broke by any standards but he did lose a fuck ton of money out of pure stupidity and ego. I’m still a fan doe. Hope he puts out some dope music soon.

    2. DX stories be like: Last week 50 Cent spent $7.54 on a Big Mac meal at McDonalds. That’s $3.00 less that he did last month when he spent $10.54 on a Double Quarter Pounder Meal. The G-Unit General’s spending has been under the microscope ever since rapper Rick Ross claimed 50 Cent can’t afford Wing Stop. Ross, who also goes by Bawse has reportedly been documented numerous times for spending upwards of hundreds of dollars at Wing Stop restaurants in one sitting. The majority of the money’s going towards a product called Lemon Pepper

    3. This this dumb nigga should be shot in the head has more than anyonr could ever imagine having and wants to keep it all and start over should have to sell it all pay his debts and start over again hell he started out slangin supposedly and built his rags to riches empire right? So how many millions would he have left after selling the mansion business related assets and other possesions live in an apartment for a year or so guarentee he would be back on top again rolling in money but noooooo he wants to keep it all and still get to start over become rich again and then keep doing the same dumb shit i hope the IRS jacks all his shit and.leaves him with a fridge box to live in behind some shithole in a back alley

      1. everyone is stupid if 50 is broke imagine how poor drake n lil wayne must be idiots, he shows what he wants them to see, no wonder why america is poor and in debt because 90% of the country doesn’t understand business. Sms boxing promotions was a failure so for him not to lose his other assets and business ventures he has to claim bankruptcy for that company, so he withdraws most of his money and hides it in different accounts and what not. you guys are all dumb

      2. Thats why hes in debt you fucking idiot literaly 40% of this guys networth is in possesions alone add in lawsuits for being a dipshit those lovely 40-45% taxes someone of his income has to pay with or without write offs and then the other large portiom of your money being tied up in investments and business ventures well you got one broke ass 50 cent just the fact he doesnt wanna lose those posessions or his business investments so he wants bankruptcys to restructure his wealth into something he can work with i understand business entirely well fuck boy ive been the owner of 1 business for 4 years and owned another for just a little over a year and managed a business for a friend for 5 years and whats funny is im only 27 years old not a day of college and further in life than your dick chugging ass not to mention i live in north dakota the 1 place in the country that did not even bat an eye lash during the recession and during tbe recession it was some of the best years for business and where was your broke bitch ass? Haha so watch who you try preaching to bitch and why i want to see his ass fall off is because guys like me or average americans have to work ourselfs to the bone 60+ hours a week just to get a business off the ground and invest our own PERSONAL money to start it up and maintain but yet this guy whos had more money and more oportunities than any average businessmen ever get to see and now he wants a 2nd chance how do you learn from your mistakes if your just given extra chances in life to retry in REAL LIFE there arent retries thats why you actualy have to know what the fuck your doing unlike this idiot

    4. People really believe he’s broke…. If he’s broke why is producing TV-Shows and just announced he’s PRODUCING a new tv show? Ya’ll just haters. Only mentally ill people count other people’s money and get happy when they think they are going to lose it all.

    5. To the guy who said how is he broke with 23 million, you are f*cking retarded. He has 7 Million dollars in his account, 16 million in assets and OWES OVER 30 MILLION. This means that if he sold all his stuff AND used that 7 Million to pay his debts he would have NOTHING and STILL BE MILLIONS IN DEBT. He is BROKE, get off his dick

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