theJasmineBRAND.com exclusively reports, Curtis ’50 Cent’ Jackson’s financial situation is more dire than he previously claimed, with the rapper/mogul filing new docs in his bankruptcy revealing the true numbers for his finances, with him having over $36 million in liabilities but only $19 million in assets.
The rapper filed bankruptcy last year, days after a New York jury awarded Rick Ross’ baby mama 5 million dollars in the legal battle over her leaked sex tape. According to his Chapter 11 petition, he claimed he had assets between 10-50 million, but his liabilities were in the same range.
50 Cent also lost a legal battle with his ex-business partners over a failed headphone deal and was slapped with a 17 million dollar judgement in that case.
The total amount of liabilities 50 Cent listed in his original petition for his top 20 creditors came to a total of $28,478,920.
Then on May 11th, the rapper filed an amended schedule of his assets and liabilities in the bankruptcy.
The new docs reveal that 50 Cent has over $8.8 million in real estate & $11 million in personal property for a grand total of $19.8 mill in assets.
However, he says his true amount of liabilities after reviewing all his debt comes tot $31,315,798.
His monthly income is only $184k and he spends $108 in expenses per month. He currently owes $855k in domestic support obligations and $1.48 million in taxes and debts to the government.