(EXCLUSIVE) 50 Cent Financial Situation Worse Than He Originally Thought

Curtis '50 Cent' Jackson

Curtis ’50 Cent’ Jackson

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.

50 Cent

50 Cent

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.

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Authored by: Kellie Williams