Someone is lying.
It just depends on who you believe or maybe the truth is in the middle. 50 Cent declared bankruptcy so he didn’t have to pay off these lawsuits against him (including the one from Rick Ross’ baby mama) and failed business ventures (like his boxing promotional company).
To mitigate how much he has to come out of pocket, he has to convince these judges that he has more debt than assets.
In an effort to do that he told a judge this today.
50 was in court Tuesday to give testimony about his finances during a hearing to determine how much he’ll have to pay in punitive damages to Rick Ross’ baby mama. So, It clearly suits him to downplay his riches, and 50 claimed to be clueless about some of his fortune and is only worth $4.375 million.
The rap mogul says he made about $100k for his recent appearance in “Southpaw,” but didn’t know much about his deals with Disney and Reebok — and even admitted he’s never actually been inside a Reebok store.
50 said he exaggerates some of his lifestyle because that’s what hip-hop is all about … saying he only owns a few chains and just 3 cars. As for that recent strip club trip where he was throwing around cash? He claimed it was just a thing “on his itinerary.”
I am sure Reebok was thrilled to see that quote.
It isn’t a secret some entertainers and athletes exaggerate their wealth, but something tells me that 50 maybe downplaying how much he is really worth.
What do you believe?