Exclusive: 50 Cent Claims Bankruptcy But Spending Still High
BOSSIP Exclusive: 50 Cent Claims Bankruptcy But Is Spending $135K A Month On Bills - Page 2
Star’s Finances Revealed In New Bankruptcy Docs
50 Cent claims bankruptcy but is continuing to spend like a baller, dropping $135,000 in bills during the month of December alone.
But 50 Cent’s expenses are vastly outweighing his earnings, and the rapper is raiding his investments to keep up with his monthly bills.
That’s according new documents the rapper filed in his ongoing bankruptcy case, where the state of his finances were laid bare.
The “In Da Club” rapper raked in nearly $38,000 last month, but paid out more than $135,000 – forcing the mogul to pump $20,700 from his Merill Lynch account to help balance the books. He also apparently dipped into some of the $7.4 million in his checking account to help keep him afloat.
The rapper, born Curtis Jackson, made nearly $29,000 in royalties alone, followed by a $3,800 monthly salary, $2,900 in state tax refunds, $1,285 in residuals and $922 from his investments.
However, 50 Cent had to shell out majorly on expenses like his $35,000 mortgage, $24,000 in child support, $15,000 for insurance, nearly $14,000 on security, $11,400 for lease payments, and $10,400 for his cars.
In all, the cost of being 50 Cent has left him $77,000 in the hole at the end of the month, even though he cut back in some areas, like spending just $10 on fitness, his court docs show.
50 filed for bankruptcy last summer, claiming several lawsuits – including Rick Ross’ baby mama’s suit for leaking a sex tape of her – were bleeding him dry.
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