50 Cent is worth $155 million according to Forbes – but according to the man himself, he is not even worth a mere $5 million.
The rapper was in court on Tuesday to testify about his finances, which will then be used to determine how much in damages he will have to pay Rick Ross’ baby mama Lastonia Leviston, who recently won a lawsuit against him for publishing her sex tape online.
50 told the court that he recently made $100,000 for his appearance in the movie Southpaw. He also claims that his flamboyant lifestyle is exaggerated because it is the norm in hip-hop, saying, ‘It’s entertainment.’
Interestingly, 50 Cent also told the court that he does not know much about his lucrative deals with Disney and Reebok, claiming that he has never even entered a Reebook store. When asked to explain why he spent loads of dollars on strippers last week Monday (the same day he filed for bankruptcy), the rapper replied that it was just a thing ‘on his itinerary.’
And as for all the cars, diamond chains and rings he has been showing off on Instagram, Cent says they were all borrowed for ‘entertainment.’ When asked about the Rolls Royce he recently claimed he bought ‘on a whim,’ the rapper replied that he actually traded two of his cars, including a Lamborghini, to buy the Royce.
In summary, 50 Cent claims his overall net worth is a measly $4.375 million – which is not even enough to pay the $5 million he has been ordered to give Ross’ baby mama.
50 recently admitted that he filed for bankruptcy to protect his finances. His mind-boggling admission of poverty in court may be a smart move by the shrewd businessman to avoid paying the court-ordered $5 million to Leviston.