50 Cent Net Worth 2016 Bankrupt Rapper Curtis James Jackson Net Worth

50 Cent Net Worth

Curtis James Jackson known by his stage name 50 Cent is an American rapper and entrepreneur. 50 Cent Net Worth 2016 is around $15 million. He has pursued an acting career, appearing in the semi-autobiographical film Get Rich or Die Tryin’, the Iraq War film Home of the Brave and Righteous Kill. 50 Cent’s album “Get Rich or Die Tryin” helped make him one of the world’s best-selling artists. Now, the famous rapper has been causing a lot of financial speculations recently after filing for bankruptcy in July. In a related report by the Inquisitor, Forbes lists 50 Cent Net Worth 2016 is $150 million so find out whether the 40-year-old entertainer is really as rich as he claims to be.

50 Cent was born on July 6, 1975 in New York whose real name is Curtis James Jackson III. 50 Cent’s expenses are rising up so quickly that his net worth is quickly falling toward making him a single penny rapper. It has been announced in 50 Cent’s bankruptcy proceeding that the famous hip hop artist is spending an amazing $108,000 per month, and pays $72,000 a month to maintain his Connecticut mansion. Rapper 50 Cent owns seven cars valued at more than $500,000.

50 Cent files for bankruptcy

Recently, Curtis James Jackson III, the rapper better known as 50 Cent has been confronted with law suit he’d wished not to have. He was ordered to pay $5 million to a woman suing over a sex video online that was posted without her permission. It is very common for people to opt for extracting money using suits especially if you are rich and famous.

Just recently, 50 Cent filed for bankruptcy in Court. Documents filed in Court showed Jackson’s total assets were listed in the range of $10 million to $50 million. He listed total liabilities in the exact same range. In court, 50 Cent produced 56 pages worth of financial information that painted a picture many of 50’s ones couldn’t believe. Being a strategic move, it is almost hard to believe that the guy is bankrupt. The court doesn’t, considering the amount he collects from various businesses he owns

Rapper Curtis James Jackson Net Worth

According to Forbes magazine, Jackson’s net worth is estimated at $155 million, but the rapper claims he is now just worth around $5 million. The rapper claims he borrowed most of his wealth so as to make the image necessary for entertainment, and he ever rented the luxurious cars. His claim about the rented high-end sports cars appears to be true, since he only has $500,618 in cars, which includes a 1966 Chevrolet Coupe, 2015 Chevrolet Suburban, 2010 Rolls Royce Phantom Drophea, 2008 Dodge Sprinter, 2003 Chevrolet Suburban and 2012 Suzuki Kizashi Sport.

50 Cent’s has filed 56 pages worth of financial information elaborates simply how poor the rapper really is in reality. In early December 2015, Jackson’s income has exceeded $3.3 million which are mainly from royalties, interest on his investments, and merchandise sales for all types of business income. The 40-year-old music mogul shows his monthly income as $184,969.58, but that does not include the almost $24 million in physical assets or the $4.4 million in ownership in business ventures. His lawyers said the value of those items will be determined by appraisal, and then they’ll refile his court papers. In a recent court hearing, Mr. Jackson said most of his bling was borrowed.

50 Cent Net Worth

While 50 Cent’s net worth certainly seems impressive, this account has yet to list his numerous debts. According to its real estate listing, His luxury 21-bedroom mansion is reported to be worth about $8.25 million. According to the Hartford Courant reports, he purchased the 4,645m sq for $4.1m in 2003, but invested between $6m-$10m on renovations. All in all, his monthly expenses sums upto $108,000 a month include $5,000 for gardening, although Mr. Jackson also owes $855,091 in domestic support obligations  to his ex-girlfriend Daphne Narvaez for their child named Sire.

Unfortunately, Fresh court documents just put a spotlight on bankrupt rapper 50 Cent’s personal finances as his total debt amounts to $32.5 million, which may be enough to put the rapper in the hole. Well, he’s not really broke, not by a long shot but we’ll sort all that out in a near term.

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