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50 Cent News Archive

50 Cent Testifies That His Lavish Lifestyle Wasn't Real — It Was All For His Image!

| Filed under: Music MinuteLegal Matters50 CentSad SadBusiness Blitz

50 cent testifies

50 Cent is not going Straight to the Bank!

On Tuesday, the rapper testified at the Manhattan Supreme Court in NYC to discuss his financial status as he faces a $5 million lawsuit. Yikes!

Despite his numerous singles about his over-the-top lifestyle, the Disco Inferno performer shared that it was mainly manufactured for his image. Huh?!

[ Related: 50 Cent's Fans Have Raised Him Almost $5 Since He Filed For Bankruptcy! ]

ICYMI: G-Unit celebrity filed for bankruptcy earlier this month after several lawsuits in order to "reorganize" his financial affairs. Whomp, whomp.

The star, whose real name's Curtis Jackson, noted:

"It's entertainment."

We had a hard time wrapping our heads around this — especially after the countless music videos, parties, cars, etc.

In fact, the entrepreneur doesn't own many of the cars at his disposal. What about the Bentley and Ferrari?

He shared:

"Those cars were rented."

The illusion is shattered!

The superstar went onto reveal that most of his swag was borrowed to maintain his persona. In reality, Curtis only own "a few gold chains." Srsly?!

That might be because the Spy actor only received 10 cents per record for his music sales and was paid in the low six figures for his recent film roles this year, including the highly anticipated Southpaw. Whoa!

However, Fifty seems relatively upbeat despite his current financial struggz.

In a recent interview he explained:

"I need protection. You look like you're doing okay… I gotta be frank with you… You know, you get a bullseye pinned on my back. When you're successful, and you're publicly known, you become the ideal person for people to have lawsuits for."

Hmm, very inneresting. We're curious if all this "reorganizing" will work out for the controversial celeb or if it'll just back fire?

We guess only time will tell.

[Image via Abel Fermin/WENN.]

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50 Cent's Money Troubles Get Laid Out In Court! See The Insane Amount He Owes & Who He Owes It To!

| Filed under: Music MinuteLegal Matters50 CentControversy

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This doesn't sound good!

50 Cent, or Curtin Jackson to some, recently filed for bankruptcy and it looks like the rapper will have to try a little harder to stay rich!

After the Wanksta rapper made the announcement Monday, it didn't take him long to assure everyone that he still has quite a bit of money in assets and liabilities!

[ Related: TIDAL Sued For $50 Million By Cash Money For Releasing Lil Wayne's Album For Free! ]

But was this just putting up a front? We're not sure but now the legal documents have come out showing how much he owes and who he owes it to!

According to the federal Bankruptcy Court filing that was released on Thursday, Fiddy owes

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50 Cent's Fans Have Raised Him Almost $5 Since He Filed For Bankruptcy!

| Filed under: Music MinuteLegal Matters50 CentCharityFunny

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With fans like his, who needs loans?!

As you may be aware, 50 Cent filed for Chapter 11 bankruptcy protection on Monday, and while he might not be too scared about the action, it looks like his fans might be a little more concerned.

While 50 said he's simply taking precautions as a businessman, his filing scared his fans so badly, that they actually set up a Tumblr page to raise money for their idol.

[ Related: 50 Cent Loses His Sex Tape Lawsuit ]

Help50Cent is a charity that gives the rapper a small donation for every play his classic song Piggy Bank receives on Spotify.

Unfortunately, plays on the streaming site only give the artist .0011 cents per play, but as of this posting, fans have raised a staggering $4.3813 for 50.

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50 Cent Dishes On His Bankruptcy & Lets Everyone Know He's Still Got Money! See How Much He's Still Worth!

| Filed under: Jake GyllenhaalMusic MinuteLegal Matters50 Cent

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Good! We were starting to get worried there for a moment! LOLz!

On Monday morning 50 Cent — or Curtis Jackson to some — filed for bankruptcy! But don't worry, it doesn't sound like he's struggling much!

[ Related: Eric Garner's Widow Rejects New York's $5 Million Settlement Offer ]

The In The Club rapper talked a bit about his experiences and finances while doing the junkets for his upcoming film, Southpaw, which he stars opposite Jake Gyllenhaal.

On the topic of the rapper filing of bankruptcy, Jackson said:

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50 Cent Will Lose A LOT More Than Two Quarters As He's Now Filed For Bankruptcy! Get The Scoop!

| Filed under: Music MinuteLegal Matters50 CentBusiness BlitzSexInstagramControversy

50 cent files bankruptcy

Oh no!

On Monday, it was reported that 50 Cent filed for chapter 11 bankruptcy according to documents filed at Connecticut Bankruptcy Court.

It's said that the paperwork was filed under the rapper's real name – Curtis James Jackson III — for assets and debts each between $10 million and $50 million. Yikes!

This development comes only a few days after a jury ruled that Disco Inferno performer would have to shell out $5 million to Lavonia Leviston over a sex tape that was posted without her permission.

[ Related: Mark Wahlberg & 50 Cent Surprise The New Kids On The Block In Concert! ]

Whomp, whomp.

The entrepreneur was known as one of hip hop's wealthiest rappers after Coca-Cola bought one of his investments, Vitamin Water, and received somewhere between $60 million and $100 million. Wow!

To make matters worse, the producer recently lost a court case where a jury ruled that he'd have to pay $17.2 million after ripping off a headphones design.

Oh how the mighty have fallen. Especially since Forbes recently estimated Curtis' net worth at $155 million. Whoa.

However, the mogul doesn't seem to be in low spirits. He took to Instagram yesterday to share a pic (below) that made it seem like he was partying like it was his birthday. HA!

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50 Cent Has To Pay MUCH More Than Two Quarters After Losing His Sex Tape Lawsuit!

| Filed under: Legal Matters50 CentSex

50 Cent has to pay BIG for his sex tape lawsuit!

Not so funny now, is it Fiddy?

50 Cent was totally LOLing over his sex tape lawsuit with Lastonia Leviston five years ago, but now that he's lost the legal battle, it looks like Rick Ross' baby momma is having the last laugh.

[ Related: This Teen Mom Star Has A Sex Tape! ]

The original video was between Lastonia and a man named Maurice Murray. But, in 2010, he handed it off to the rapper, who edited himself into the filthy flick donning a wacky wig and a robe.

And THEN he posted it all over the internet.

The unlucky lady was totally not happy, and sued 50 for damages and emotional distress. While the musician insisted stunt was only to take some low blows at Rick, it seems the jury has sided with the 36-year-old.

After an hour of deliberating, they awarded Lastonia $2.5 million because her image was used without her consent, and then $2.5 million MORE because of the emotional trauma the whole debacle caused.

This means Fiddy has to shell out a whopping $5 million for his invasive jab at his rival. And after it's all said and done, he could be paying even more than that, since he skipped out on showing up for the trial AND the verdict.

[Image via PNP/WENN.]

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Victoria Beckham Strikes A Queenly Pose For Vogue Australia

| Filed under: Victoria Beckham50 CentSpread 'EmVogueLouis VuittonCover ShotBrooklyn Beckham

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Remember all those rumors that Victoria Beckham was going to get an American Vogue cover?

Sadly, that never happened.

[ Related: Brooklyn Beckham Wishes His Parents A Happy Anniversary ]

But she's scored several international Vogue covers since then, with the latest being this August issue of Vogue Australia.

Hooray!

The designer is sexy and unsmiling in the shot, and looks rather regal in a black-and-white print Louis Vuitton dress.

Those are some nice puff sleeves, wouldn't you agree?

We do have to admit that this isn't the best facial expression Posh Spice has ever had, but there are two pics in the spread that make up for it!

Check 'em out in the gallery (above)!

[Image via Patrick Demarchelier/Vogue Australia]

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