theJasmineBRAND.com exclusively reports, Curtis ’50 Cent’ Jackson is still living the lavish life despite owing over $31 million dollars to creditors in bankruptcy case, with newly filed documents revealing the rapper dropped $4k for fitness and over $8k on security — despite him only bringing in a total of $1,538 in wages for the month.
The rapper/mogul 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, claiming 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.
Back in May, the 50 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 to $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.
Then recently, the rapper filed his monthly operating report for the month of April in the bankruptcy case explaining the exact amount of money he brought in along with his monthly expenses.
According to the court documents, 50 Cent isn’t cutting back on his lavish lifestyle by spending over $8k on security and another $4k on “fitness” — despite owing over $30 million dollars to creditors.
The rapper only brought in $1,538.68 in wages and he lists other income in the amount of $31,704.44. He brought in a total of $25.42 in residuals and another $31,679.02 in royalties for April. The residual checks are from past episodes of The Simpsons ($13.37) and Saturday Night Live ($12.06)
50 dropped $4,010 on his fitness and $8,674 on security services for the month. He also paid his baby mama Shaniqua Tompkins $7,497 in child support.
The bankruptcy case won’t be over anytime soon with the court working on figuring out the best plan to pay back the debt owed.