50 Cent’s new bankruptcy documents show he spends $135,000 per month on bills, according to Bossip.
50 Cent‘s spending in the month of December was greater than his income by $77,000. His greatest expense was $35,000 for mortgage, followed by $24,000 for child support. The G-Unit rapper lists $10 spent on fitness expenses.
He made $38,000 in the last month of 2015, $29,000 of which came from royalties.
50 Cent filed for bankruptcy in July, citing multiple lawsuits as reasons for the filing.
“The filing allows Mr. Jackson to reorganize his financial affairs, as he addresses various professional liabilities and takes steps to position the future of his various business interests,” 50 Cent’s counsel, William A. Brewer III, said at the time.
For additional 50 Cent coverage, watch the following DX Daily:
This nigga 50 stay losing
ok i dont mind 50 but he aint my fav rapper especially with his new music but buisness wise let me break it down, his first 2 albums went diamond and 10× platinum, 400 million from vitamin water,had his own clothing company which did well, worldwide tours most sell outs, movies grtodt, southpaw etc, video games which sold well, effen vodka the list goes on , look at the house he lives in and you telling me he broke? im pretty sure his money is in someone elses name and cant be touched. remeber donald trump was bankrupt too wasnt he? Tupac r.i.p.
That nigga Ross stay eating
lol some retard say this Nigga stay losing when he spend 135 thousand a month.. That’s double what anyone commenting make a year hahah
Take these nuggas to an eeconomics class, bruh since they’ve obviously never enrolled into one. LOL
But the $135k expenses is nearly double what 50 is earning..it wouldn’t matter if 50 was spending 2 million a month but only earning 1 million, if you’re spending more than you’re earning then you’re losing – understand? That’s how people go broke you dumb fuck.
50 hasnt been the same ever since Ja Rule deaded his career.
LMAO!!!
*Game
Too many children lol not knowing how the game works, you understate everything so they don’t take more money off ya, do you really think fifty is only worth 3 mill? Lol it’s all fraud, nigga still be worth 300mill +
You having period cramps girl cause your favorite rapper broke
You stupid if you think you can hide money or alter banks statements while dealing with the federal government, 50 broke and I know you dedicated your life to him and wear tight gunit tank tops, still got a pair of those ugly ass shoes from back in the day, but you gotta face and jump on someone else’s cock
LMAO
Agree that the nigga is a fraud. And an informant.
Listen bitch. How much did you make in the month of December? You just like all of us have no right to even comment on this dudes finances. Going on hip hop websites just to comment negatively about things you know nothing about. But wait…. Ja said he is an informant so it must be true right? Too bad they proved that wrong 10 years ago. Go ride drakes dick. Your the fraud
Hahaha this nigga do shows all over the world plus that a tv deal plus other shit. So him only making 77k in a month is complete bs. 50 is playing the system lmao
Nah he played yo dumb ass by claiming to rich and having you fall for it, ain’t no running game on the government system dummies they can audit and track every transaction ever made
Exactly. If he was filing for bankruptcy fraudulently, do his d-riders actually think the gov’t wouldn’t found out?! Damn, these nuggas are stupid af!!! LMAO
If only “The Massacre” was better or as good as “Get Rich or Die Trying” lol He might still be considered in the Rap game… Ja Rule got more money then 50 at this point and Game and Ross and Fat Joe and everyone else he shitted on besides the bums in Gunit (Young Fuck, Tony Gayo, Lloyd Fakes and Kidd Did)
I see what you did there with the names…that was really creative! You must be in art school!
As I read the comment section I can’t believe there is so many ppl that give a flying f**k one way or the other wow. And giving the fact he molested his niece is just crazy I bet most of you wish he had molested you
This is a setup! It’s no wat possible 50 only made 35,000 last month! U gotta run game on the Court system
Nigga please you sound stupid
How is it NOT for him to only have made $35,000 last mo.? This nugga hasn’t been hot since 2003 (or whenever that “Candy Shop” song came out). And…he has NO successful business ventures other than that “Power” TV show and, he’s even getting sued for $200 million for that!!! LOL Stick a fork in him, he’s done.
So besides royalties he did no concerts? No other source of income ?? lol come on man lets get real! Dude smart enough to know he Tryna beat the system
50 such a lair lmao. This guy been running all over the country. Nigga really dont wanna pay williams baby moms
Anyone on here saying 50 is gaming the system obviously has never heard of the IRS or financial forensics. Also, how much do you think he is paying these attorneys to defend him. Hopefully he can recover from this.
These stupid fucks are the exact definition of fanatic, they don’t use common sense and logic, like you said ain’t no running game on the IRS and these bankruptcy courts, they have access to all financial statements and bank documents
50 cent is BROKE…compared to jay, puffy and killa cam….im justsayin doe lil bra bra
Definitely broke compared to them my baby
@SEEDUB
you really should take the time to READ more before you pontificate about things which you do not know.
Trump has never filed for bankruptcy. Trump Casino has filed for bankruptcy
Most of the hhdx community must be teenagers or uneducated af. If you think this guy is “broke,” you’re just dumb. It doesn’t matter what his personal financial documents say, he keeps his money in his businesses…to protect his assets from shit like this. jesus, read a fucking book.
Bankruptcy is filed to reorganize and set up a payment structure, you still owe the money but your given pretty much a payment plan, its mandated and regulated by the federal government and theirs no way to hide monies, or withhold financial information, 50 will still have to pay the people he owes but not the entire amount at one time he could do it over a span of years ( if you owed someone a $100 dollars would you rather give them your last $100 bucks or give them a $1 a day for a hundred days )but no he’s not broke, but he’s definitely not worth the amount he projected to be thru music and media
I see why he was trying to get back cool with Floyd he need some help
50 is a very divisive and polarizing figure. People attack or defend him regardless of the facts. What I am fascinated by is people stating that he has put his money into his business in order to hide and protect his wealth. With all due respect, that is a comical answer. My question is what business did he put over 100 million dollars in? If he was valued at 155 million dollars and now his worth is 16 million dollars where is the other 139 million dollars? Your answer is “In his business.” Please tell me that is not a serious answer.
So he has hid over 100 million dollars in a struggling domestic company which value itself does not exceed 100 million dollars and this infusion of hidden cash, was missed by the IRS. So he is not paying taxes on this hidden cash (which now means he is committing a felony) and he is pulling the wool over the eyes of these various stupid governmental agencies including the IRS and bankruptcy court. This is the story you are going with. His 99 percent of companies are debunk so his money can only be hidden in one company, and he doesn’t have any international businesses to hide his money in international assets. People are assigning readers to read a book on this practice – please give me that citation too. He is not Donald Trump. By the way Donald Trump had and has international assets. I find it remarkable that folks would even advance such as theory. I don’t want to see any man lose his wealth but this guy is financially immobile right now. He doesn’t have enough consistent generated revenue to meet his financial obligations and his assets lack liquidity and therefore it has the effect of not having value. This guy is in financial distress. There is no other way to spin it. Crazy theories that defies business logic and practices and the U. S. government’s auditing and vetting procedures and protocols does not change that.
As always great insight
Thanks for addressing the hiding money theory and it being a felony that could lead to prison time people need to accept that 50 had poor business acumen and lost lots of money, but the average person commenting aren’t even old enough to work or have never even filed personal tax returns so they don’t know, and are just caught up into the imagery 50 projects
Thank you!!! This is the most financially intellectual answer I’ve seen online since the news of him filing for bankruptcy first became public. This “50 smart, he’s hiding his money in his other businessess” rheory has gotten too much out of hand and, it’s obviously the belief of young, financially inept morons who don’t understand how bankruptcy & the gov’t works. lol
My older brother owned a drainage company he had contract issues with one major client and was losing money trying to sustain his to the client. He informed the company he was having trouble with that he was severing the contract to which tha company took legal actions. My brother had a few million in the business and more in his own accounts but he made a move before he got fucked. He locked the gates 20 men got laid off and he declared bankruptcy after moving his money. I took 500k cash and stashed it, sounds crazy but out dad too 4 million to the farm and it. My brother opened the business again after all the bullshit 1 year later under my sisters name and now had 30 employees . The point of this is simple if you have money to lose you will find a way to hide it. My brother bought a yacht and gave it to my dad, it’s in his name he sold it for a loss but not as much as the big boys could of taken.
Sounds like your brother is a criminal and might of never had his money in the united states banking systems and fled to another country like Arabs sometimes do, but in the case of 50 cent it would be documented and recorded if he suddenly withdrew millions of dollars or if he transferred it, the government can audit every transaction he ever made so the crimmalistic tactic your brother did wouldn’t be realistically possible or feasible for 50
It is very difficult to believe your post but if you beat the government with such simple and transparent moves then props to you. I would never tell this story again if I was you. Your entire family could be audited by the IRS. People have recd 500 k and millions of dollars of untaxed income and lived to tell about it. Yeah you have a very unique story that should be kept private. Your family made moves on the day very powerful entities totally fell asleep. Count your blessing and keep your silence on the topic would be my advice.
Thanks AMD – I think some times people feel so passionate about Fif that they have to make this dude look invincible so they will advance any theory to try to.make that happen.
They speak as if the government has not already thought about these obvious ploys to hide money. Where do you exactly hide 139 million dollars. You still have to house that in a financial institution somewhere and that kind of money you don’t go to the teller and put it 400 duffle bags. That is a recorded electronic transaction. I try not to comment much but some of this stuff is far out that I feel like ai have to say something. Anyway thanks!
Great point! That explains the wild theories. 50 is an annoyance at times but I don’t want to see him bankrupt. However the math doesn’t add up and because it clearly doesn’t add up you have folks coming up with these spectacular theories. I think they forget that some of us actually work in the field in they are discussing.
Thanks Bro!
I’m sure Dre, Jimmy Iovine, Diddy, Jayz, Steve Stout, Jarule, Irv, Rick Ross laughing at this clown being he was a big mouth arrogant, petty game ass playing nicca
Of course they laughing at his broke ass! LMAO But, what gets me is that he’s broke and STILL arrogant as ever. Obviously, he & his d-riding f*ckboy fans are still in denial about his financial sutuation. LMAO
Your broke too. So am i . Lets see how much you make a month rich man
Whatever. I don’t feel sorry for him. There are thousands/millions of struggling individuals and families out there, trying to make ends meet. This guy made “window shopper” a big hit 12 years ago, and now it’s all about crying broke all of a sudden
Don’t think he’s looking for sympathy from a broke hater like you that’s actually still window shopping
He lost a lot of money with that Madoff dude too. He definitely was scammed I remember hearing his name when they was stating all the people that lost money pyramid ponzi scam. According to the NY Post, 50 Cent’s manager Chris Lighty is one of Bernard Madoff’s victims. Madoff is the Wall Street financier who literally made off with billions in client investments.
So was it him or Lighty that got scammed through Madoff – or bot of ’em??? If it was Lighty that may be why he committed suicide. Ya never know.
How that saying go? Documentary 2 – no 50, keep the change HOE
You dudes are mad dumb Brraa…Do the Math… $135,000 – $77.000 = $58,000 (How much money 50 makes per month) So hes paying $77,000 off his savings of $8,000,000. So every year 77,000 x 12(months)=$925,000 So about 1 mill per year. Now those child support payments are about to drop also an top of the success of Power and Effen and with Meek Mill giving him a window to resurrect the music. ..50 is straight… if anything 50 is BACK ON THE COME UP!
Man stop! you got 50 shit figured out better then his lawyers and the federal government, but you broke loving in yo auntie’s basement, if you like D riding rich rappers, you gone have to find another one cause 50 broke brofesser
Nobody’s drinking effen my baby, and his music career has been dead, eulogized, and buried for years
“Brofesser”. I like that. lol Anyway, yeah this nugga is broke af! And, nuggas are STILL idiotic enough to d-ride him and, claim that he isn’t broke b/c he flashed stacks on Instagram. GTFOH lol If you filed for bankruptcy (no matter the Chapter) then, you have more LIABILITIES than ASSETS!!! That makes you BROKE. Nuggas are slow and the d-riding is affecting their comprehension skills. lol
i bet he make more money than you NUGGA. Dumbass. Why call anyone broke when you know damn well you aint making anywhere near to what he makes a month.
Im sure your broke too teddy brosevelt
I feel bad for this guys – he lost everything. You guys forget that power is within his production company – meaning whatever the company make has to pay actors, marketing and taxes first before he can maybe pay himself through dividends at year end unless he is a company employee. You cant mess with IRS – and he knows well not to lie to them because it is criminal offence which will definitely land him in jail.
Allhiphop.com has the article of 50 taking a pic with Louie V, and GunPlays reaction to Kidd Kidd dissing him, DX slow af
50 been cool with Louie V for months, long before the beef with Meek Mill so its really no story there like people think
But I bet DX post that in a couple of days stupid..you missed the whole point you big dummie
29k a month would have me livin real good
50 taking L after L after L.. you know when you let meek diss you and come back from the dead your over
Fuck u all Rapper
broke ass snitchy
Still richer than you mr pocket full of lint.
game won he has more money than 50 now
He put his money into his companies. It’s been a trick rich people has done for decades. Trump filed bankruptcy….and look at him now? Y’all mafuckas need to read more
What companies dummie, he doesn’t own Effen or the underwear company he only works for them
Trumps assets and companies totalled 10 billion dollars when he filed, he had viable businesses and companies, 50 assets total 16 mill, and he doesn’t have viable businesses, he’s not Trump
Lol alter bank statements? Don’t comment on what you don’t know kid, there are PLENTY of ways to get things around the federal government.. It’s as simple as understating assets and having large assets in somebody else’s name.. I work in finance its piss easy to file for bankruptcy to get out of your debts.. It’s done everyday
I actually work in finance as well and true while bankruptcy is filed all the time, it is a indication and sign of financial distress, its mandated so that you can’t just file so you can avoid paying people or everybody would be doing it, 50 is in financial dispair
That child support shit is burying niggaz. Ain’t no way in hell a child needs 24 stacks a month to live..
$24K is excessive for child support.
I only had to pay $100 a month for you
50 don’t ever mention Jay Z in a Twitter post again .
But really the fact is, we not in the same bracket
Not in the same league, don’t shoot at the same baskets
Don’t pay the same taxes, hang with the same bitches
Jay Z is Already Home 50 . Shut your mouth you fraud
ok*he’s a fraud & you’re a shameful dickrider*why you so concerned with someone else’s accomplishments when that person doesn’t even know your stankin ass exists*I’m aware they’re lyrics but still no excuse*….so Shut your mouth fucktard*Ah mannnn*it’s not possible because jays dick is ya mouth*foh*
All girl wipe your cunt and stop bleeding like a bitch on her period, you got 50’s cock in your mouth and you mad cause dude pointed to a good reference in a song facts are facts babu girl and 50 is broke
And what tax bracket are you in. I my bills were $77,000 a month. That means I’m earning alot of money. Your bills are maybe $2,500 a month. Oh I forgot you live with your parents when you should have been out long time ago you fcking bum!!!!!!!
u ain’t murdering shit but a spawn on call of duty*I have no rappers dick n my mouth*just fresh water p.u.s.s.y*fuck Jay & 50 & everyone else* dickriders are a disease*& you’re the worst kind*enjoy the music*stop counting other men’s pockets & jumping to their defense When again they have no clue u dumb asses exist*
I like 50 but I just want to say this when people said Game would be nothing without 50, Now he’s better finanical and had and has a good career. I also said he’s the only one out of G-Unit besides 50 that would make without him. People laughed who’s laughing now. not Buck, Banks, Yayo or Olivia.
Not disagreeing with anything about 50 but do we know Games financial situation? Hes had so many people in his pockets I doubt he’s that well off…and he really only stayed on point because he has all the hot artists of the year featured on his albums look at the tracklists
If you wanna make 42 dollars a day. All u gotta do is watch a video and do a short survey. You can do 3 surveys a day and each survey is 14$. You gotta have a PayPal acct tho, so you can be paid but If you don’t have one it’s free to create one. Hit my link to sign up. It’s quick and easy. http://surveypace.com/?ref=1178758
BrAAA…. He just started this Effen Shit and the Effen Tour. Its in its initial stages of marketing… He’s got damn near every single DJ on the Effen Mob… And now This Puffy shit about Tupac???? Just watch how Effen reaches Ciroc Value/level over the next 2 years… 50 is going HARDCORE on this effen tour… Just wait till he hits a city near you… give it a few months after that… and you see Effen catch up to Ciroc… You people act like Diddy made Ciroc what it is today…off the jump. Stay in that Dumbass lane Braaa
Don’t nobody drink that cheap watered down shit, trust me nobody’s in the club or bars asking for effen