50 Cent Is Far From Broke in New Documents
50 Cent's bankruptcy case is taking some interesting turns.
According to documents obtained by Daily Mail, 50 Cent's assets and property are much higher than he previously claimed.
The new documents reveal that 50 Cent has more than $64 million in assets and property. This is far greater than the $16 million in assets that 50 alleged he had in documents filed last month. In his bankruptcy petition, the Queens, N.Y. native claimed assets of $16 to $50 million, but stated that his liabilities were not in the same range.
Appraisers looked into 50 Cent's claim of $16 million in assets and found that it was actually $64 million. The G-Unit rapper does have liabilities totaling more than $36 million. It was discovered that 50 has $10 million in checking and stock. His G-Unit imprint as well as other business ventures are reportedly worth more than $44 million.
His monthly income is over $184,000. Earlier this month, Bossip reported that 50 makes $29,000 every month off music royalties. The appraisers also claim the rapper has items at his home worth about $131,000. This includes his jewelry, which is worth around $49,000 by itself.
50 Cent has come into some more trouble during his bankruptcy case as a judge has questioned his need to file. Judge Ann Nevins is apparently bothered by 50's penchant for posting photos of himself with stacks of $100 bills. The most infamous of these pictures featured 50 Cent spelling out the word "broke" with stacks of $100 bills.
It appears that 50 Cent's desire to prove he's still doing nicely may well may come back to bite him as he argues for the necessity to file for bankruptcy.
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