News

50 Cent's Mansion Is What's Really Bankrupting Him

By HHL Editors
pixel_start

On Monday, 50 Cent was forced to submit a detailed look at his finances to the bankruptcy court.

First the good news: The 40 year old is still making $185,000 a month ($2,220,0000 a year), mainly from royalties, and interest on his investments.

Now the bad news: Fif spends $102,000 a month ($1,2224,000 a year), mostly on his Connecticut mansion that once belonged to Mike Tyson.

50 cent expenses 50 cent expenses 1

Granted, this still has 50 netting almost a million bucks a year in income. But there's more bad news.

50 Cent only has $25 million in assets -- including all of his cash and businesses -- against $32 million in liabilities, which includes the two large legal settlements against him.

Additionally, the filings show yearly deficits of more than $10 million in both 2013 and 2014, with expenses exceeding income in 50 Cent's record company, adult film and G-Unit Brands businesses.

Selling his 18-bedroom 37-bathroom mansion -- which is valued at around $8 million -- would go a long way to getting 50 more liquid. It's possible the bankruptcy judge will make him do this.

pixel_end
Posted In: News 50 Cent

Discuss

Beef 50 Cent Fires Back At Daphne Joy after She Accuses Him Of Violent Abuse 50 Cent Fires Back At Daphne Joy after She Accuses Him Of Violent Abuse / Beef Beef Drake Begins To Take His Revenge On Rick Ross Drake Begins To Take His Revenge On Rick Ross / Beef Beef Stevie J Threatens 50 Cent After He Exposes His Role in Diddy's Grooming Apparatus Stevie J Threatens 50 Cent After He Exposes His Role in Diddy's Grooming Apparatus / Beef Beef 50 Cent is All Over "No Diddy" 50 Cent is All Over "No Diddy" / Beef News 50 Cent's Baby Mama And Yung Miami accused Of Working As Prostitutes For Diddy 50 Cent's Baby Mama And Yung Miami accused Of Working As Prostitutes For Diddy / News News 50 Cent Reacts to His Baby Mama Being Outed As A Sex Worker 50 Cent Reacts to His Baby Mama Being Outed As A Sex Worker / News