Update: 50 Cent’s $28M in Debt and Bankruptcy Breakdown of his finances
Rapper 50 Cent, who claims he hasn’t got a dime to spare, laid out all of his personal debts in a federal Bankruptcy Court filing Thursday night, declaring he owes a total of $28,478,920.75.
The rapper, whose real name is Curtis Jackson, lists his biggest unpaid creditor as Sleek Audio, a Florida firm that sued Jackson for stealing their headphone design. It won a judgement now worth $18,428,257 and Jackson has been unsuccessfully appealing that verdict.
The second biggest creditor is a Florida mother, Lastonia Leviston, who sued Jackson for putting her private sex tape on the Internet and doctoring it in a way to maximize her humiliation. She won $5 million in damages last week from a Manhattan jury. She is set to receive additional money for punitive damages
Among Jackson’s smaller debts is $1,737.33 that he owes to his grandfather and $137,880 to Bentley for the car he leases.
He also owes more than $1 million in legal bills.
Jackson, who has been described as one of richest hip hop artists with multiple companies selling everything from music to underwear, said in court documents earlier this week that his personal assets do not exceed $15 million, but he has not filed any details about those.
WOW……..TODAY IS SUNDAY AND I JUST LEFT CHURCH SO I AM GOING TO PRAY FOR ALL OF THESE ARTISTS AND HOPE THEY CAN GET THERE BUSINESS IN ORDER BECAUSE IT IS A SHAME WHEN YOU HEAR OF THESE THINGS HAPPENING TO THEM ….MY ONLY WORD OF ADVICE TO THEM ALL IS KEEP GOD FIRST AND DONT GET HAUDY BECAUSE AND UN-HUMBLE BECAUSE THESE THINGS WILL HAPPEN ALL OF THE TIME YOU CAN LOOSE IT ALL ………….I PRAY FOR YOU ALL ….REMEMBER KEEP GOD FIRST…….
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