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

By HHL Editors
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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 hisĀ 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.

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Posted In: News 50 Cent

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