Bankruptcy is a thing of the past for Queens rapper 50 Cent, who reportedly just finished paying off his nearly $23-million debt.
According to Billboard, bankruptcy judge Ann Nevins approved the discharge of 50’s bankruptcy case yesterday (February 2) after he handed over millions to the people he owed.
Initially, the G-Unit boss was to pay off his debt as part of a five-year plan Judge Nevins approved last July, but a recent financial come-up has the rapper out of the red early.
50 used nearly $9 million of his own money to pay off his debt, with another $13.65 million coming from a settlement he received in his malpractice lawsuit against the law firm of Garvey Schubert Barer.
The hefty settlement came late last year, and the rapper could be in store for an even larger financial win if a newly filed lawsuit goes as planned.
Earlier this week, we reported that 50 Cent filed a $32-million lawsuit against his former lawyers at the Reed Smith law firm. According to the lawsuit, 50 lost the Lastonia Leviston sex-tape case because of the firm’s lack of preparation.
To mark 50’s new financial freedom, here are some pictures of him posing with stacks of cash.
Debt free motherfuckers! 50 might be one of the richest rappers alive now cause every other rapper has mad debt. Didn’t even have to sell the CT mansion. Meanwhile Officer Ricky gonna need to hit up his baby momma for a loan to pay off that 6 million in taxes and already had to put his mansion up to make bail.
The main question here is……..How does fifty dick taste down ya throat?? loser.
Stop avoiding the true questions. How is living in your mother’s basement feel now that you’re a grown man and still there? How does it feel having no friends in your life because you’re contributing nothing substantial to society? I’m gonna do you the honor of setting up the slipknot and chair.
Dude I got no hate for Fif but I seriously think you’re projecting. I’ve seen you write this living in your mothers basement comment time and time again on this site. Think you got issues dude.
When you’re a winner, you’re a winner
Let the hate begin..
Winners win, what are ya gonna do ya know?
Guys got serious self confidence issues . One pic to show you have loads of cash is ok of you have to but why not do 4. Haha . Sad times 50 , and your OLD . thats some young man pics right there . Grow up man
Cash isn’t everything in life. He should focus on makin a good album again. I can’t even remember when fifty last put out a decent project….
True. Can’t take the money with you after you’re dead so he should focus on leaving a good legacy behind by putting out quality music for his fans. Or focus on charitable organizations. Or BOTH.
Maybe 50 will learn his lesson now from being a such a dumbass and losing all that money. Still can’t believe he made that hoe Pig Ross baby mamma a fuckin millionaire,smfh. Try not to take anymore L’s in the meantime.
What’s this the 90s?Dollar bills are like quarters in 2017 yes it’s still tricken even if you got it but least you got it TRICK.
Lmao @ the rat loving stans calling this a “win”. Losing millions is not winning, that’s one of the worst L’s in HipHop history. The snitch should count himself lucky he just crawled back out of that rat hole.
This nigga made his enemy baby mama a fuckin millionaire. This gotta big the biggest L in hip hop history
but her kids are gonna be ashamed of their mother forever… 50 gave rozays whole family Ls that get passed down through generations
Yeah keep telling yourself that bro. I’m sure her family are gonna hate her for making them filthy rich lol.
The lawyers going to eat up about half of that and 35% to 40% tax she gotta pay…she will be lucky to bank even $1.5 mill of that. I’m sure it still hurts 50’s pocket, but not as much as we think. 50 will get a write off on his taxes though…if he plays it right, he can stretch that loss over a few years and use it to avoid taxes on new income (just like Trump did).
Nah, when it comes to catching L’s, Nas is the undisputed king for that.
WHO DID HE RAT ON
Let’s do the math: He received 13 million from a suit against a law firm. He’s suing another law firm for 32 million. That’s 45 million if the case is won. He owed 23 million. A few years ago he received 200 million to make films which he used to make Power and other things. He’s not Meek Mills. Even when it looks like he’s taking a L, HE’S STILL WINNING! I’m not even a fan but I can give credit where credit is due.
Congrats homie , And for all those morons laughing and making fun of 50 sayn he’s broke. Whos laughing now, As Method Man said at the time of the report: “Y’all playing yourself if you actually thought 50 was broke”
Is it just me, or are all the bills I can see 1’s?
Still more than you’ll ever have.
He was at strip clubs…isn’t that what people throw at strip clubs (1’s).
You have to be an idiot if you think that’s $1 bills….he purposely put $1 bills in the front to throw you off. Those ain’t all $1 bills idiots. This nicca rich.
” *WEEPS* he purposely put $1 bills in the front to throw you off. Those ain’t all $1 bills”……….. Really? Did he tell you that when you were sucking his dick? you want a Kleenex ma nigga?
I always laugh at how defensive and butthurt the 50 dickridas get when somebody critisizes him. Niggas trying to rewrite history in these comment sections Lmaooo.
Damn ross couldn’t even pay 2m for his depth this nigga paid off 23m in a year and a half
His depth?? Nigga you dumb as fuck
That’s what’s up. I assume it’s because at the time he didn’t have his tv show making millions yet, when he started getting that income it was downhill from there. Maybe now he can drop Street King Immortal, I don’t know why the delay has been so long, we’re talking 5 -6 years since he started putting out singles in promotion of a new album (I think the first one was “Outlaw” in 2011)
He still irrelevant. Ross is still far bigger than curly.
if we’re talking pant size maybe…..
Own up to your mistakes and pay up then now. Longest record of being a fkn snake in the history of hip hop.
I thought fif was broke…yall internet trolls got some explaining to do!!!
When you talk about somebody they are at the very least relevant in your eyes!!! Fif a snake because when he perceives disrespect he spazzes on people and embarrasses them. People just need to leave him alone!! He willing to take it further than everybody else!!! People say they wit the $h!t but they really not!!! FIF is with the $h!t!!!
People can diss him all they want. At the end of the day he got more money than all of you. Hip hop fans will never change, you just love to diss . If you don’t like him don’t make stupid comments.