50 Cent has declared assets of $16 million in bankruptcy documents, according to TMZ.
The Queens, New York rapper claims real property of approximately $8.8 million and bank accounts that total $7.4 million. His other assets push the total to a little more than $16 million.
50 Cent filed for bankruptcy in July.
“It’s for protection,” he said at the time, “so I’m not taken advantage of.”
In August 2008, 50 Cent topped Forbes’ “Hip-Hop Cash Kings” list thanks in large part to his stake in Vitamin Water, which was purchased by Coca Cola. The rapper reportedly earned $150 million that year.
In May 2015, Forbes published its “Hip Hop’s Wealthiest Artists 2015” list and estimated 50 Cent’s net worth at $155 million. The G-Unit artist’s deals with Frigo underwear, Effen Vodka and his SMS audio company were among his businesses cited in the evaluation.
For more coverage on 50 Cent, who declares assets of $16 million in bankruptcy documents, watch the following DX Daily:
Damn 50 really is broke as fuck lol, i probably got more money than him.
Shut your clown ass up…. you’re broke. 50 isn’t far from broke and he has way more money than listed. Your hating ass just want this man to be broke it’s black people logic. Wish the worse on the successful black people. I hate clowns like you. Peion.
Could you repeat that cause we could barely understand you with 50’s dick in your mouth, but guess what pussy boy, we know that you the clown that be posting all the silly shit under different names, we smell yo pussy bitch
Karma got this dude. He spent all his career laughing at broke dudes. Now he is on his way to become one.
50 will never be a broke dude.l
The Queens, New York rapper claims real property of approximately $8.8 million and bank accounts that total $7.4 million. His other assets push the total to a little more than $16 million.
Hows that broke
The fact that he was listed in May of 2015 as having over 100 million is statement alone. He didnt spend 84 million in that little of time before filing bankruptcy. Millionaires often work the system to get out of paying judgments to plaintiffs.
Forbs isn’t factual, its an guestimation from them based off of what they think, its not based of any financial documents or ledgers
think of it in the same manner that most large corporations dont pay any taxes cause their lawyers find all the loopholes designed to benefit the super-wealthy
Being broke is relative. 50 has a liquid asset problem. He has more debt than assets that he can quickly convert into cash. He is in financial paralysis. In other words, to use more common language – he is broke. This is why he is in bankruptcy. This dude plays three cards Marley with the gullible. The E-beefs are distractions to protect his brand. That is actually smart because he is marketing mostly to the unwise. They will buy his fictional portrayal of what he is has displayed on social media. His nonfictional life and problem is that he doesn’t have any marketable products or services to get him out of his financial rut. None of his artists can generate “game-changing” revenue to pull him out of the red. He cannot generate “game-changing” revenue to get him back into the black. His tour money and royalties from his music catalog only allows him to not fall deeper into debt but does not bail him out. His only hope is his show Power. That is a potentially a great source of income. If that shows flops then he is done. The fake and contrived WWE Instagram and Twitters beefs will no long be able to cover his con to the ignorant. Man, from a 100 million dollar to financial insolvency is an amazingly spectacular fall from grace. If closely examined, it is actually embarrassing.
Finally someone responds who isn’t half-retarded and understands what’s going on.
I agree with you 100% and that’s what these people commenting that he ain’t broke don’t understand, he got sued, and owes almost 30 million.
well thats great, however you show bias by calling his potrayal “fictional” which you have 0 evidence of, its great you understand what a liquid asset problem is, but theres a huge difference between broke from not having money, and broke from paying the bills, 50 is broke from paying the bills, thus had to file for protection against the law suits, 50 is not the first person to lose the money he did nor will he be the last, and you can call it embarrassing because noone has access to your funds, even in 50’s current situation hes still doing well as he’s only lost the rick ross’ baby mama lawsuit, ironically a “wwe” act with no dispute, so the fact that you’re willing tocall him a “fictional portrayal” show’s you dont understand hip hop as they are pretty much all fictional portrayals, and the thing 50 had going for him was authenticity, now hes “broke” but still has more money than you and me
Spoken like a true Stan, he lost the rick Ross baby momma lawsuit and the headphone(I forgot the name) company lawsuit and you catching feelings cause someone pointed out all of the childish and rediculas antics he uses to market himself on IG? you don’t see Diddy, Jay z, or people like Dr Dre doing that crap, find you another role model my troubled fanatic friend
I am not sure what is your beef with me. I stated facts – 50 is financially upside down and according to his own sworn court testimonial his public image is contrieved, staged and fictional. Where is the bias there when 50 is the very source of my comments. Finally, respectfully, if your branding was to make mockery and marginalize rival rappers as window shoppers and broke and then less than 7 years squander 100 million dollars and file bankruptcy, what adjective would you use to describe that state of affairs? Your problem with me is not my so-called lack of knowledge about hip hop. Your problem with me is my understanding of financial management.
Peace Bro! Yeah I don’t even know why his fans dispute it. In court, under oath, 50 stated he is broke and provided proof as such. When you state that they thoroughly vet you. They open you up like heart surgery. This dude has massive debt and immobile assets – they may as well be frozen because they don’t generation revenue. That is his problem. That is why he has spent years trying to unload that house. His fans are delusional!
Far from where he was 7 or 8 years ago but that’s still a pretty good amount listed in the bank as well as asset totals…nigga far from being broke
But he owes almost 30 mil in lawsuit judgments against him so even with his cash and if he liquidated his assets and paid off his debt, he’d still owe
watch the breakfast club interview, he clearly states he doesn’t have a lot of money, but his businesses are worth a lot.
lmao People are STILL saying he’s not broke? I swear this dude has the worst fans. You make excuses for anything he does wrong and every L he takes! If you only have 8.8 Million in your bank accounts, and YOU OWE 25-30 Million, you are FUCKING BROKE AND IN DEBT. He better hurry up and try to make the money he owes, or they’re going to take that 8.8 plus they will sell start selling his shit to get that other 7.4 Million. Remember, this is the same thing that happened to Young Buck because Curtis stopped him from eating by not letting him out of his contract. KARMA IS A MOTHER FUCKER.
Young Buck had issues with taxes. 50 doesn’t have tax issues. Which means you can’t just make him sell off everything. He obviously hide his money. By the time he has to pay, the people he owe will just agree to a smaller amounts or wait forever to get paid.
shoeshine curly back in business, coz he hasnt had a hot song in HOW LONG????????????????
it was already reported that before he filed for bankruptcy he lent 29 million of his money to companies he controls
What companies? all his companies are bankrupt, he has endorsement deals with Effin vodka and the underwear co, but doesnt own them smh that’s not even possible Stan just face the fact that your favorite rapper is in the toilet financially
So I guess the judge in this case must’ve missed that piece of information that you found easy enough huh? Don’t believe everything you read on the interest you dumb fuck
Well, he hasn’t made hits since ten years ago. Nobody cares about him and his music anymore. I’m not surprised he’s bankrupt. His career is over. Fuck 50 Cent.
I didnt know being broke means you have millions in the bank? Cause I know people without a penny to there name so what are they then? If you had a friend that has 8 million in the bank would you call them broke? What would that make you then? Super Broke? People are so fuckin delusional thats what keeps me coming back on here cause when I read peoples stupid ass comments it makes me feel better about myself and I realize there are actuallarey people in the world that are more dumb then I am. Its a great feeling
He got 7 mil in the bank but owe 30 million stupid ass
And why do you think the government charged him with a 30 million dollar lawsuit? Think you Retard, the government knows he has more money and his companies and watever else he has bring him shit load of income that he hides from government with loopholes and legal tricks to NOT be included as INCOME.. … u guys are broke lower lower class ppl with no Experience on how upper class (or even middle class) economics work..
He has 8 Million in the bank but owes 25 Million you stupid fuck! That’s why he’s broke! He owes more than he has!
He need to get rid of that Mike Tyson mansion, plane, car fleet….every thing that’s drainin’ them dollas.
That would include Banks, and Yayo as well, need to get some new, younger artist that’s hungry and put them out
He’s been trying to get rid of that mansion for almost 10 years bro. No one wants that house.
Sweet pants I know you gone look at this post because of 50 cent, I also know you love you some Kanye West and you know I love me some you with yo sexy sensitive ass
I will NEVER believe Forbes again… All they DO is fuckin LIE
dog… you have to understand that people with money do this shit all the time. He has 16 million in personal assets but his other money is put into his companies; that way when people sue him, they can’t get shit. If you ever have a bunch of money, I would recommend that you do the same thing. This is why the richest people in the world pay themselves $1 a year and shit like that because their money is tied into their corps so they don’t lose when they’re sued. The US is setup to protect corps more than individuals. Don’t let the bullshit hiphopdx lead in sentence fool you. They aren’t real “journalists” so they create these bullshit narratives when they make these “articles.”
What buisinesses does he own? all his companies are bankrupt and defunct, he endorses Effin Vodka, and the Underwear company, he doesn’t own them, SMS Audio is defunct, GUnit records and Clothing is dead, Cheata Films, dead, just face it that your favorite rapper is broke and in a downward spiral
Bankrupt rat should’ve focused on making money instead of fucking memes *L*
Reading some of the comments here shows how ridiculous the American educational system is. Then you have these hhdx people writing these “articles” with their misleading narratives. Can you please make a post explaining to your readers the difference between personal assets and business assets and why people with money don’t keep all their holdings as personal assets so that they can avoid losing money when being sued? It’s cringe-worthy to see your readers posting such misinformed shit.
Then stop bringing your dumb ass on here nobody is putting a gun to your big ass head and forcing you to read the comments, read the article and keep it moving sucker nigga
This means he hid that money in the companies smart ass move , so now when the bankrupt thing succeeds then he ain’t going too pay that lady shit, and sleek ain’t getting shit…That’s the way to do it we seen trump do this!
If you understand the way that the law works and civil suits work… yes… people outsmart “the government” all the time.
So you think this nigga is smarter then the fuckin government?!
Your one un-intelligent fellow…. By hiding his money in companies does NOT mean he actually hides his money in his company lmao … it means he invested his money (millions) into his company’s assets like equipment, specific stocks, charity, investment to other companies (wink, his partners companies who just hold his money but say its an investment) , etc… Then the government can’t say he has tangible money and therefore owe’s them money becuz he has money.
You can’t hide millions of dollars from the government you stupid Stan as nigga, only way is to withdraw it all and bury it somewhere and even then they would be able to track all transactions, this ain’t the dope game dummies where you his your money, every bank transaction is traceable
Y’all so stupid. Y’all have no idea what bankruptcy is. He can make monthly payments and still keep millions at home. Y’al need a life and stop worrying if he is broke. Your ass is broke for worrying who the next broke nigga is. Piece of shit!