Not everything is as it seems. ; Fifty Cent, real name Curtis Jackson, testified in Manhattan Supreme Court Tuesday and admitted that ;he faked his wealth with borrowed ;jewelry and cars, according to the New York Daily News, saying: “It’s entertainment.” ; Forbes pegged 50 Cent’s net worth at $155 million ;– with a fortune amassed ;from investments in Vitaminwater, SMS Audio, SK Energy and more — back in May, landing him the No. 4 spot on the “Forbes Five” of the wealthiest hip-hop artists. But during Tuesday’s hearing, the rapper said he is really only worth ;$4.375 million, TMZ noted. ; He claimed he made…
Not everything is as it seems. ;
Fifty Cent, real name Curtis Jackson, testified in Manhattan Supreme Court Tuesday and admitted that ;he faked his wealth with borrowed ;jewelry and cars, according to the New York Daily News, saying: “It’s entertainment.” ;
Forbes pegged 50 Cent’s net worth at $155 million ;– with a fortune amassed ;from investments in Vitaminwater, SMS Audio, SK Energy and more — back in May, landing him the No. 4 spot on the “Forbes Five” of the wealthiest hip-hop artists. But during Tuesday’s hearing, the rapper said he is really only worth ;$4.375 million, TMZ noted. ;
He claimed he made just 10 cents per record from the 38 million he sold, and $200,000 total for roles in the movies “Spy” and “Southpaw,” the Daily News reported. His Bentley and Ferrari were rented and his gold chain with diamonds was a loaner. His ;65-carat Cartier tiger ring ;was probably not 65 carats (“65 carats? I don’t think that’s even possible”) and he ;never made that $1.6 million bet ;on the Floyd Mayweather and Manny Pacquiao fight. ;
The rapper filed for bankruptcy ;last week in Hartford, Connecticut, and “reported assets and debts each in the range of $10 million to $50 million.” The filing came days after a judge ordered him to pay $5 million to Lavonia Leviston, the mother of Rick Ross’ child, after he leaked her sex tape online without permission. ;
“Now that I filed for bankruptcy,” 50 said, per the New York Times, “I’m not as cool as I was last week.”
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