50 Cent borrowed his gold chains, fast cars, and most of his other “bling” in order to manufacture an image of wealth, the rapper testified in court Tuesday. And by the way, he’s “only” worth $4 million, he says.
As the New York Daily News reports, New York rapper 50 Cent (real name: Curtis Jackson) is in court this week, testifying about his wealth — or lack thereof — so a judge can sort out how much he has to pay in a lawsuit against him.
As previously reported by the Inquisitr, 50 Cent was slapped with a $5 million judgment against him after a woman — identified as Lastonia Leviston — took him to court for posting a sex tape with her in it. Mr. Cent has since filed for bankruptcy, and is in court trying to make the case that he’s broke and can’t pay any more.
Specifically, 50 Cent says, he borrowed most of the trappings of wealth that he’s boasted about having, according to Us Weekly.
His Bentley and Ferrari? “Those were rented.” His gold, diamond-encrusted chains? Borrowed. His 65-carat pinkie ring that he boasted about on Instagram? “65 carats? I don’t think that’s even possible.”
But what about all the millions of records 50 Cent has sold? “I get ten cents a record.” And the two movies he’s been in — Get Rich or Die Tryin‘ and Southpaw? Fiddy only got about $100,000 for each, he claims.
When pressed, however, 50 Cent admitted to owning just a little bit of bling. “Three or four” watches, “a couple of” gold chains. And the Rolls-Royce that he says he bought “on a whim” earlier this month? He really owns that, he admits — it’s not borrowed — but he was only able to pay for it after trading in his Lamborghini.
There’s also the fact that Mr. Cent lives in a 21-bedroom, 24-bathroom Connecticut mansion complete with a movie theater, basketball court, and private nightclub — something that he acknowledged. He also admitted that on the very day he filed for bankruptcy, Fiddy went to a strip club, where he was seen “throwing around wads of money.”
Although 50 Cent is claiming poverty — or at least, something akin to it — Forbes seems to think otherwise. The finance magazine lists him as one of the richest rappers in the world, worth an estimated $150 million. But Fiddy’s lawyer says that money is all gone. Of course, whether he’s really broke or is simply lying is up to a jury to decide.
Do you think 50 Cent truly just borrowed all of his bling to manufacture an image, or is he lying? Share your thoughts in the comments below.
[Image courtesy of: Getty Images / Jonathan Fickies]