More Info On 50 Cent’s Financials Revealed As Bankruptcy Proceedings Heat

-


Curtis Jackson surprisingly filed for bankruptcy in the middle of last month, leading to lots of speculation over what his motives might be for the move.

Whilst for most people they just heard the news and moved on, for 50 there is a lot of legal proceedings to go through to determine how his assets and liabilities would be handled. And documents from the proceedings show his woes.

According to TMZ:

“50 Cent’s financial woes are coming into focus … because new financial docs show G-Unit Records and G-Unit Brands have cost 50 more than $10 million over the last three years.

According to new documents filed as part of 50’s bankruptcy, the two branches of G-Unit have been in the red each of the last three years — $10.45 million in losses. The silver lining … they’ve done better this year … they’re still losing dough, but not as much.

The documents reveal a few other 50 financial tidbits. 50 is currently paying child support to Daphne Joy for their young son, Sire … and the docs say by the time the kid hits 18 … he’ll have paid out $832,600.

50 says he has more than $15 million in personal property, which does not include houses. And get this … he has $2.7 million in his checking account.

50’s monthly expenses include $5,000/month for gardening, $1,500 for pool maintenance and $9,000/month for security.

Comments

Post a Comment

Popular posts from this blog

Reekado Banks – “I’m Not Close Friends With Lil’ Kesh”

-
Image
In a new chat with Hip TV, Mavin Records singer Reekado Banks, has revealed the kind of relationship he has with YBNL rapper Lil’ Kesh. Reekado Banks’ victory at the Headies started the clash between Olamide and Don Jazzy. In the interview, Reekado Banks said he wasn’t close friends with Lil Kesh but maintained that they have a cordial relationship despite the Headies drama. “We weren’t the closest of friends like close, close, close. It wasn’t like we talked everyday but we talked once in a while. He called me once in a while. I called him once in a while. And same as now, it still happens that way. There’s nothing really that has changed” Reekado Banks told Hip TV.
Read more

Paul Walker’s daughter Sues Porsche Over Father’s Crash

-
Image
Paul Walker’s daughter sued Porsche for wrongful death on Monday, claiming the sports car that her father was in when he was killed suffered from numerous design defects. The lawsuit filed by Meadow Rain Walker seeks unspecified damages for defects that her lawyers claim kept the actor trapped in the Porsche Carrera GT when it crashed and burst into flames in November 2013. Walker was on a break from filming the seventh film in the “Fast & Furious” franchise when he was killed. He was riding in the Carrera GT driven by friend and business associate Roger Rodas when the car spun out of control, struck three trees and burst into flames on a street in Santa Clarita, California.
Read more

Am Not Cheap! As Starboy Wizkid Turns Down £50,000:00 For A Show (See Why)

-
Image
The Starboy CEO Wizkid has once more proved his worth. When you have accomplished the statures of spending more than 12 weeks on the Billboard hot 100 graph, you certainly don’t come shoddy. News has it that Wizkid apparently dismisses an offer of £50,000 execution expense outside of his nation of origin Nigeria. That cash changed over to our nearby money is 25,000,000 naira and Baba Nla turned it down. The arrangement was facilitated by his universal administration “Irritating London” partnered to UK pop star Tinie Tempah
Read more