Hip-Hop artist, 50 Cent, found himself in court again on Tuesday morning for an invasion-of-privacy lawsuit filed by Rick Ross’ baby mama, Lastonia Leviston.
After being ordered to pay Leviston $5 million in damages for releasing a sex tape of her and Ross without her consent, the court has been deciding whether or not to add more to that already large sum of money.
In deciding that, however, the court has to consider 50 Cent’s current financial situation, which has been a topic for debate over the past few weeks.
To sum it up, 50 Cent has an incredibly lavish lifestyle and Forbes named him one of the top five wealthiest Hip-Hop artists (with a net worth of about $155 million), but the rapper actually filed for bankruptcy last week!
How does that add up? Hint: to many people, including those in the courtroom, it doesn’t.
So, when 50 Cent, born Curtis Jackson III, testified on Tuesday, he told the jury that the wealthy life he lived was completely fake.
“It’s like music videos, they say action and you see all these fancy cars but everything goes back to the dealership,” said Jackson.
Plus, you know that massive gold ring on the rapper’s Instagram? Jackson insists, “It’s a borrowed piece of jewelry from the jeweler.”
So now the court has a big decision to make. Jackson successfully downplayed his wealth in the context of his material possessions, however he did not really discuss the business ventures and corporate partnerships that may also be contributing to his net worth.
The evaluation of 50 Cent’s finances after the first court date of this case set his liabilities and assets at $10 million to $50 million, however, his lawyer, James Renard, told the court on Tuesday that his client was only worth $4.4 million.
What is the truth? We’ll keep you updated as the story develops further!