Rapper 50 Cent attempted to downplay his wealth when he testified in a Manhattan state Supreme Court on Tuesday about his finances and status surrounding his recent bankruptcy filing.
50 Cent, born Curtis Jackson III, has already been ordered by a jury to pay $5 million in damages for publishing a woman’s sex tape online without her permission. When Jackson was questioned in court by the woman, Lastonia Leviston’s, attorney, the rapper denied owning luxury items such as expensive cars and jewelry, claiming instead that he rents, borrows and leases these items.
Days after the jury ordered 50 Cent to pay the $5 million, he filed for personal bankruptcy protection in Connecticut. The filing lists Jackson’s assets and liabilities between $10 million and $50 million however his lawyer, James Renard, said the musician and actor was worth around $4.4 million.
Jackson revealed he has been paid as much as $100,000 for appearing and nightclubs and in the 2015 comedy, Spy, but according to NBC News, did not reveal how much he has earned from partnerships, licensing agreements and business deals with companies such as The Walt Disney Co., Intel and Reebok.
The 40-year-old was valued at $155 million by Forbes in 2015.
Photo Credit: Roger Wong/INFphoto.com
There has been a critical error on your website.<\/p>
Learn more about debugging in WordPress.<\/a><\/p>","data":{"status":500},"additional_errors":[]}