50 Cent Expenses: Rapper’s Expenses Total $108,000 A Month, $72,000 For Mansion
50 Cent says his expenses total $108,000 per month, with $72,000 just for his suburban Hartford, Conn. mansion.
The rapper recently revealed in a in a Connecticut bankruptcy court filing that his expenses exceed $100,000 a month and include $3,000 on clothes, and $5,000 on gardening. However, the majority of his earnings go towards maintaining his mansion which boasts 18-bedroom, 37 bathrooms and five whirlpool baths. The payment on such an extravagant home has 50 Cent paying $72,000 each month, according to Fortune.
50 Cent, born Curtis Jackson III, was forced to file bankruptcy after New York City jurors ordered him to pay $7 million to a woman, whose sex tape he allegedly posted online, USA Today reports. Lastonia Leviston sued Jackson in 2010 in New York state court claiming that he posted the sexually explicit tape online. She was seeking money for the unauthorized use of her image and damages for emotional distress.
50 Cent Reveals His $108k A Month Expenses http://t.co/n2kuplLLTO
— Sky News (@SkyNews) August 4, 2015
Leviston’s video was shot in 2008 with her boyfriend, who later reportedly sold the video to the rapper. According to her suit, 50 Cent then edited the video to add narrations and footage of himself dressed in a wig and robe, Bloomberg Business states. However, he claims he didn’t originally post the video. Rather, he simply shared an embedded link. When he filed bankruptcy in July, 50 Cent declared his assets and liabilities were both below $50 million, bringing up the accuracy of his net worth, which has been reported at $150 million.
How much is 50 Cent really worth? His lawyers open the books in his bankruptcy case http://t.co/AoAtrNrgd2 pic.twitter.com/uMVF8Y55nv
— Wall Street Journal (@WSJ) August 4, 2015
“This filing for personal bankruptcy protection permits Mr. Jackson to continue his involvement with various business interests and continue his work as an entertainer, while he pursues an orderly reorganization of his financial affairs,” 50 Cent’s lawyer, William A. Brewer III, said in a statement.
The rapper had huge success when he released his debut album “Get Rich or Die Tryin'” in 2003. The album was later turned into an autobiographical film, and earned him his own record label, G-Unit Records, by Interscope. He again topped the charts with his second album “The Massacre.”
50 Cent later partnered with Glaceau, the maker of Vitamin Water, and was given a stake in the company, which was purchased by the Coca-Cola Co. in 2007 for over $4 billion.
50 Cent is due back in bankruptcy court on Wednesday, August 6.
[Photo by Dimitrios Kambouris/Getty Images]
