Archive for the ‘50 Cent’ Category

50 Cent Wants You To Know He’s Actually Rich (He Just Gets Sued A Lot)

Bankrupt 50 Cent Visits The BBC Radio 1

50 Cent seems to be having some kind of identity crisis.

As we reported, 50 filed legal docs saying he has a massive amount of money and other assets, but not enough to immediately cover more than $20 million in court judgments. So, though he’s rich (I mean, he still like, makes music and acts and stuff) he’s actually also very poor. TMZ reports that the court docs kinda chronicle his ups and downs in a fairly dramatic way:

The documents are almost like a documentary, chronicling 50’s early life in abject poverty in Queens, where his mom was murdered when he was just 8. He was also famously shot 9 times. His lawyer goes on, “In many respects, Mr. Jackson typifies the American dream.”

The question … what does this have to do with bankruptcy. The answer … this is a PR move on 50’s part to make it clear to his fans he’s not a failure.

Sadly for 50, the judge didn’t buy what 50 was selling. 50 was asking the judge to put the brakes on the latest case, where he was socked for $5 million by Rick Ross‘ baby mama. He wanted to halt the punitive damages phase of the trial, which could cost him many millions more. The judge rejected his attempt, and the jury is ready to sock it to the rapper.

Despite growing up in poverty, if you’re a dick when you’re rich, you gonna get SUED.  Sorry, 50- maybe you wanna be more careful with who you make fun of, and who you offend?
Photo: FameFlynet
Posted Friday, July 17th, 2015 at 2:14pm
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50 Cent Talks About Being Bankrupt

The Cinema Society & InStyle Host A Special Screening Of "Cake"

I mean, where’d all that Vitamin Water money go?!

50 Cent is breaking his silence after filing for bankruptcy Monday morning, and he is trying desperately to reassure us that everything’s gonna be OKAY. E! reports:

“I’m taking the precautions that any other good businessperson would take in this situation,” the rapper, real name Curtis Jackson, told E! News exclusively today at his Southpaw junket. “You know when you’re successful and stuff, you become a target. I don’t wanna be a bulls eye. I don’t want anybody to pick me as the guy that they just come to with astronomical claims and go through all that.”

That sex tape (not of 50) lawsuit cost him a pretty large chunk of money, more so than his movie roles and sweet Vitamin water $$$ could cover.

“Walt Disney has filed bankruptcy. Donald Trump has filed bankruptcy,” the hip-hop star continued to E! News. “It means you’re reorganizing your finances, but it does stop things from moving forward that you don’t want moving forward. I gotta descent legal team,” he added. “You don’t have to worry.”

Don’t worry, 50, nobody cares THAT much. But it is interesting that I mean, the dude is still busy: it’s not like he’s down and out. He’s in the new Southpaw movie, still investing, still relevant to the music industry (kind of).

I think that 50 cent is gonna be a-okay.

Photo: FameFlynet

 

Posted Tuesday, July 14th, 2015 at 9:09am
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50 Cent Declares Bankruptcy

The Cinema Society & InStyle Host A Special Screening Of "Cake"

Hey, anyone have 50 cents for 50 Cent?

After losing a multi-million dollar lawsuit, the rapper has declared bankruptcy. The end of an era or the prophecy of his name coming TRUE?

TMZ confirms that 50 filed for bankruptcy on Monday, 3 days after a jury awarded Lavonia Leviston $5 mil after determining the rapper intentionally leaked a sex tape in which she was featured, in order to embarrass Rick Ross. 

50 has been ordered to produce proof of income and worth so the jury can determine punitive damages, and though the rapper is valued between $10 and $50 million his liabilities are also between the same range.

Yikes!  Talk about financial ups and downs…

Photo: FameFlynet

 

Posted Monday, July 13th, 2015 at 12:12pm
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50 Cent Is Going To Make $1.6 Million Bet On Floyd Mayweather Boxing Match?

The Cinema Society & InStyle Host A Special Screening Of "Cake"

50 Cent clearly has more money than he knows what to do with. The richer-than-I-can-wrap-my-head-around rapper is planning to plunk down $1.6 million on the Floyd MayweatherManny Pacquiao boxing match!

In an interview this week he explained why he’s betting on former enemy Mayweather.  “Champ’s gonna smoke him. It’s gonna look like it was pumped up for no reason.”  He added, “I’ve been thinking this out. Like wait, I gotta make a real bet because he’s focused right now.”

Rich people never cease to amaze me.  I hope 50 wins the bet and donates the money or does something worthwhile with it.  If I had that kind of money, I’d be broke from donating it all over the place and spending too much time on Go Fund Me, helping people out!

 

Source  Photo Credit:

Posted Thursday, March 5th, 2015 at 12:12pm
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