50 Cent Has Words For Young Buck After He Sells Enough Of His Assets – From Cars & Jewelry To His Music Catalog — To Cover His $250,000 Debt
50 Cent Has Words For Young Buck After He Sells Enough Of His Assets – From Cars & Jewelry To His Music Catalog — To Cover His $250,000 Debt
Update (Aug. 13, 2024): Young Buck is about to be debt-free. And 50 Cent still wants his funds.
Young Buck has finally sold enough of his assets to pay the $250,000 he owes 50 Cent, and then some.
According to court docs obtained by All Hip Hop, Young Buck filed for bankruptcy and liquidated his assets, like cars, jewelry, and his catalog, to pay back the six-figure amount.
The U.S. Trustee, Region 8, is now asking for 50 Cent’s lawsuit, which stemmed from a fallout over Young Buck’s G-Unit record deal, to be tossed out.
Ultimately, Young Buck made over $1 million after selling his valuables. He is also going to catch up on child support and pay the IRS the $190,000 he owes in taxes.
He reportedly is looking forward to starting over and returning to music.
Meanwhile, 50 Cent doesn’t want to be forgotten. He shared a headline of the news on Instagram and added the caption,
“??????I don’t know why they make me go through this part, but I’m a need that money by Monday. ?@bransoncognac@lecheminduroi“
Original Story (June 5, 2023): It looks like Young Buck’s music catalog is up for sale!
Young Buck’s (born David Darnell Brown) music catalog is being auctioned off in an attempt to pay off his creditors, which includes business mogul 50 Cent.
This move comes after Young Buck filed for bankruptcy back in 2020. In his filing, the rapper lists his main creditors as the mothers of his six kids, the Georgia Department of Human Services and the IRS. At the time, the IRS reportedly claimed the rapper owed $415,892.04, spanning the years 2014 – 2019.
As for his music catalog, sources claim it is worth $700,000 and includes performance royalties, mechanical royalties, publishing royalties, and song copyrights.
Trustee Erica R. Johnson believes the sale of the catalog will produce enough funds to pay off all creditors, including 50 Cent. In 2021, 50 Cent said that Young Buck remains a G-Unit signee and allegedly still owes the label two more albums as well as $250,000 for a loan he never paid back.
In 2008, Young Buck allegedly had a falling out with 50, and as a result, the “Many Men” artist reportedly blocked Buck from releasing new music and collaborating with other artists. This brought his cash flow to nearly a screeching halt. In an old interview, Buck said this about 50 Cent:
“His reaction, being so harsh, is to basically stall me out to a position where I lose everything, to where my numbers drop. Because if you don’t have a new product out, then you can’t go get the big dollar for your shows. [He wants] to pretty much destroy my life from a silent-sided way of doing things. That’s his angle, and my contracts allow him to be able to do that.”
He continued:
“The problem is, I go to be a feature on their hit record, and then they have to go to 50 Cent to clear me on the record, and he says, ‘No.’ And they’re looking like, ‘Well, d*mn’ — cause if it wasn’t for that, I would probably be on every record that’s out right now, cause everybody and their mama reaches out and gives me support.”
Young Buck and 50 Cent have been beefing for the past few years allegedly due to contractual obligations not fulfilled by Buck. Adding fuel to the fire, 50 Cent has taken several shots at Buck, making fun of his sexuality amid rumors that he had relations with a trans woman, which he later denied.
What are your thoughts? Let us know in the comments below!
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