From Stuntin’ To Frontin’: 50 Cent Testifies That His Flashy Lifestyle Is Fake
BY: John “Hennry” Harris
Curtis “50 Cent” Jackson has been lauded as a business man and stories of his shrewd, lucrative deals are often reported in the media.
On July 21, 2015, Jackson appeared in a Manhattan Supreme Court to testify about a sex tape he allegedly posted online featuring rap rival Rick Ross‘ ex-girlfriend, Lastonia Leviston. Jackson detailed his finances in front of a jury and according to his testimony, his money situation resembles his moniker, 50 Cent, than the visuals his fans are treated to in his music videos.
Earlier this month, a civil court jury awarded Leviston $5 million in a defamation of character case, but 50 promptly filed for chapter 11 bankruptcy.
Just in May, Forbes estimated the rapper’s fortune to be about $155 million, however, Jackson’s lawyer said in court that 50’s worth is $4.4 million, which presents a problem for him to pay the civil suit judgement.
In court, 50 tried to convince the jury that he is not as rich as it seems and that his flashy lifestyle and riches are all a manufactured lie.
“It’s like music videos, they say action and you see all these fancy cars but everything goes back to the dealership,” according to 50.
Jackson also explained in court that his social media accounts might be filled with flashy photos, but that too is all just smoke and mirrors.
“I take the jewelry and the cars back to the stores,” according to the New York Daily News.
The judge asked the rapper about his 38 million record sales and Jackson said, “I make 10 cents a record.”
Jackson’s career reaches beyond music and he is currently starring in to movies, Spy and Southpaw. He claims that he made $100,000 for the two movies and for his executive-produced hit series Power on Starz, he claims he only pocketed $150,000 from each of its first two seasons.
50, who is trying to convince the jury that he has manufactured a fake lifestyle to attract fans, also says that he is worried about his “brand” being tarnished since he has had to file bankruptcy filing last week.
“Now that I filed for bankruptcy, I’m not as cool as I was last week.”
Jackson did manage to squeeze out somewhat of an apology to Leviston, saying, “I’m sorry if you feel like I hurt you.”
Not sure how convincing that apology was and the jury is still out on whether they believe that the rapper who once bragged about teaching you “how to stunt” in his hit song Stunt 101 is actually broke.
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