50 Cent Reports $7 Million To His Name In February Bankruptcy Documents
In his latest bankruptcy documents, 50 Cent reports $16 million in assets and $7 million in his bank account.
According to Bossip, these figures come from his mandatory spending statement for the month of February. Eight months after filing for Chapter 11 bankruptcy in July, 50 said he has $7,359,776 million to his name and $16.3 million in assets.
The report says that 50 spent $83,226 total in February, including $5,700 on a lease for a Bentley and $6,500 for lawn maintenance. Child support cost him $12,097 and he made a mortgage payment of $17,354 on his Connecticut mansion, which has been on the market for nine years.
He spent $5,600 on fitness and paid personal trainer Jay Cardiello $3,600.
For his income, the rapper reports that he made $1,538 from his work with G-Unit Records and claims $29,597 collected in royalties. He says he got $520 in tax returns.
50 spent less in February overall than what he reportedly spent in December. He spent $35,000 for mortgage and $24,000 for child support. However, he reported only $10 spent on fitness.
The rapper is reportedly close to ending his bankruptcy case after reaching a settlement with his top creditors. Among them, he owes $7 million to Lastonia Leviston for posting a sex tape of her.
