|The king's ransom. The feds are looking into 50 Cent's books and they're finding discrepancies.|
I thought 50 Cent was penniless! I guess he was all the while counting his under the bed stash.
He filed for bankruptcy last year after he loss to the ex-girlfriend of rapper Rick Ross.
The rapper was ordered to pay over $6 million in punitive damages.
Well he may have to face a federal judge in the coming weeks. He made the mistake of being an idiot on social media.
A few months back, the Unit's capo allowed a friend take a picture of him with a pile of money.
The pile of money spelled B-R-O-K-E. That's really classy, 50....make fun of the real situation.
The Daily Mail reports that the 40-year-old rapper also lost a legal battle with his ex-business partners over a failed headphone deal and was slapped with a $17 million judgement in that case.
According to his Chapter 11 petition, Fifty claimed he had assets between $10 to $50 million but that his liabilities were in the same range.
Last month, he filed documents in the bankruptcy stating he only had $16 million in assets.
However, it appears appraisers checked into it all - and found his assets total over $64 million and that he only has liabilities totaling more than $36 million.
In addition, 50 Cent's current monthly income is $184,000-plus. The appraisers also valued his home goods to $131,000 including $49,000 in jewelry alone.
Appraisers found he has over $10 million in checking and stocks as well as his various G-Unit and other business' which are worth over $44 million.
His bankruptcy claims have come into question by Judge Ann Nevins, who is concerned over his actual need for bankruptcy and has asked for him to explain a series of photographs he posted to social media.
Today is his former rival Ja Rule's birthday. Ja Rule (born Jeffery Atkins) was born on February 29. He turns 40 years old today. I wonder which day would he celebrate his birthday on the off years!
I bet you money that Ja isn't sweating over money!