50 Cent is allegedly very rich despite claims of being broke, according to a new report by Daily Mail.
The English media outlet reportedly obtained new bankruptcy documents that reveal Fif is worth more than $64 million.
This is far more than the $16 million he claimed he had in assets in bankruptcy docs he filed last month.
But despite 50 having assets and properties totaling over $64 million, he has liabilities totaling more than $36 million.
50 Cent’s current monthly income is reportedly “$184,000-plus.” His home goods are worth $131,000, and his jewelry $49,000.
Appraisers found 50 Cent has over $10 million in checking and stocks as well as his various G-Unit and other businesses, which are worth over $44 million.
50 Cent’s wealth was called into question after social media posts show him flashing cash.
U.S. Bankruptcy Judge Ann M. Nevins called 50 Cent back to court to address her concerns.
One photo shows the G-Unit boss lying in bed with bricks of cash, and another shows him spelling “B-R-O-K-E” with stacks of hundred dollar bills.
Judge Nevins told 50 Cent’s attorney she was “concerned about allegations of nondisclosure or a lack of transparency in the case.”
“There’s a purpose of having a bankruptcy process be transparent, and part of that purpose is to inspire confidence in the process,” the judge said in an audio recording obtained by CNN Money, adding that bankruptcy court is where “an honest but unfortunate debtor can come into court and seek relief.”
“When that process becomes very public, the need for transparency, I believe, is even higher,” she told the rapper’s lawyer, James Berman.
50 Cent’s income was brought up in court papers by those who filed lawsuits against him, including Sleek Audio, SunTrust Bank (STI) and Rick Ross’s baby mama Lastonia Leviston.
The trio claim 50 Cent posts photos of performances he might’ve been paid for that he hasn’t reported to the court.
They also pointed out that 50 Cent admitted to owning property in Africa.
My crib is almost finished in AFRICA. I'm gonna have the craziest House warming party ever. I'll… https://t.co/eZXiYL8jpn
— 50cent (@50cent) September 5, 2015
They also say 50 failed to mention in court papers that he trademarked “50 Cent” in 2004.
Subscribe to KollegeKidd YouTube Channel by clicking here.
For Updates, Be sure to Follow kollegekidd.com on Twitter @KollegeKidd by clicking here.
You can also stay up-to-date by liking kollegekidd.com FaceBook Page by clicking here
Follow Kollege Kidd On IG.
