50 Cent claims his monthly expenses total $108,000 or about $1.3 million a year.
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The rapper has been trying to sell the 50,000 square foot mansion since 2007 but has been unable to find a buyer. Fitting that the bankruptcy papers also list the Power star as owing money to his stylist, Erin McSherry, and his barber.
But before you start to fell too bad for the G-Unit commander-in-chief, you should know that 50 now has more than $500,000 in cars sitting in his driveway. The 21-bedroom mansion is reported to be worth about $8.25 million, but 50 Cent also has an unpaid loan worth about $1 million and has a $17,400 mortgage payment each month. He also leased a Bentley for over $135,000.
Even though Jackson denied owning expensive cars, the court documents report he still owns seven cars, including a Rolls Royce.
Even though he candidly admitted to his plush lifestyle being a complete mirage, to hear that Curtis Jackson is struggling to get by has been hard to comprehend. His monthly expenditure to support his grandfather and his two children amounts to $14,600.
However, according to People, the rapper now makes about $185,000 every month from royalty fees and interest on his investments- which would, in theory, cover those whopping month-to-month fees, but still doesn’t explain those massive fees.
He filed for bankruptcy in July after a New York City jury ordered him to pay a woman $7 million. 50 Cent is now appealing the ruling.
50 Cent at present performs within the sports activities drama South Paw.
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Having achieved his dream of becoming rich, Mr Jackson proceeded to spend his money lavishly, according to documents submitted to a bankruptcy court in Connecticut.
