TOM Gist: 50 Cent Claims He’s Only Worth $4.4 Million


There’s trouble in paradise—it seems as if 50 Cent is not as wealthy as everyone thinks he is. Earlier this month, the rap mogul filed for Chapter 11 bankruptcy, shocking fans and Forbes magazine, who had estimated his income at over $150 million.Many argued that 50 Cent was only filing for bankruptcy to avoid paying $5 million to Rick Ross’ baby mama, who sued him for posting her S3x tape without her permission.

Testifying in a Manhattan court on Tuesday (July 21), the Southpaw actor claimed that his public image as an extremely wealthy individual is falsely exaggerated, and that his net worth is only $4.4 million.

“I take the jewelry and cars back to the stores,” said Fifty, according to the New York Daily News .

Last week, his lawyer called his bankruptcy filing “an orderly reorganization of his financial affairs.”

Lawyers for the woman suing him debated his claims, noting that he recently bought a Rolls-Royce. “I took two others back,” replied 50. “I’m not as cool as I was last week.”

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