Last week Friday, lost a sex tape lawsuit with Rick Ross' baby mama, and he might owe even more money which cost him at least $5 million. He never showed up for the trial, but the judges will declare his verdict this week.
Also last week, 50 filed for bankruptcy on Monday, 3 days after Rick Ross' baby mama won a $5 million jury verdict against him.
50 has been ordered to produce proof of income and worth so the jury can determine punitive damages.
According to the bankruptcy filing -- a story first reported by Page 6 -- 50 says his assets are valued between $10 and $50 million but his liabilities are also between the same range.
On top of that, 50 lost a court case in which a jury socked him with a $17.2 million judgment over ripping off a headphones design.
It's a breathtaking fall .. in May, Forbes estimated 50's net worth at $155 million.
Interestingly, that's not all to the story, lets look at what has been newly discovered about 50.
If you're wondering where the bankrupt 50 Cent keeps his money … look no further than his pockets.
TMZ got photos of 50 hosting a party in Atlantic City last week … a few days before he filed for Chapter 11 … and it’s hard to ignore the giant wad tucked inside his (likely) expensive jeans(these photos intrigued me personally).
Yes, that's a money sandwich of hundos he's flaunting. We're told it totaled around $5k and Fifty wanted EVERYONE to see it.
Truth is… Fifty’s gonna be just fine financially, despite owing $5 mil here and $17 mil there. Our sources tell us the recent bankruptcy filing is just a legal maneuver to reorganize his finances.
Bottom line: 50's still filthy rich.
Mansion: Jackson owns a Farmington, Connecticut mansion that boasts 23 bedrooms, 35 bathrooms, and sits on 17.5 acres of land
Hustling: Jackson uploaded a photo of his Connecticut mansion to Instagram with the caption 'I haven't been home in months. I been out here hustling'
Home: The 54,000 square foot home features a full basketball court, a casino room, a billiard room, a night club (pictured), and more
Keeping up with the joneses, -- or in Jackson's case, Sean 'P.Diddy' Combs, Shawn 'Jay-Z' Carter, and other big names in hip-hop -- the rapper lived a lavish lifestyle.
Jackson owns a Farmington, Connecticut mansion that boasts 23 bedrooms, 35 bathrooms, and sits on 17.5 acres of land.
The 54,000 square foot home features a full basketball court, a casino room, a billiard room, a night club, and more.
The property also features a 12-car garage.
Bling: Jackson lives lavishly, donning expensive watches (left), chains (right), rings (left), and more
Lifestyle: Jackson lived lavishly thanks to the deal, his studio albums selling more than 21 million units, clothing interests, and starring roles in multiple film and television projects
Collection: Forbes featured the man's car collection which included two Chevrolet Suburbans, Lamborghini Murcielago, a Ferrari convertible, a Bentley Mulsanne, and a Yamaha YZF-R1 motorcycle and more
Fittingly, in 2013, Forbes featured the man's car collection which included two bulletproof Chevrolet Suburbans with bombproof undercarriages -- the $200,000 vehicles were built for the Iraq War.
He bought a Lamborghini Murcielago to celebrate his second album 'The Massacre' and soon added a Ferrari convertible, a Bentley Mulsanne, and a Yamaha YZF-R1 motorcycle.
Despite the lavish lifestyle, the verdict in favor of Leviston seems to have dealt the father-of-two a crucial blow.
Brand Ambassador: He recently became a brand ambassador for Effen Vodka making appearances to promote the brand
Pilot Life: Here, Jackson is seen in an Instagram photo flying a drone with the caption 'New Drone. I'm so fly right now Pilot Life.'
Shell Out More: Jackson (right) could have to shell out more after the jury deliberates punitive damages
Read more: http://www.tmz.com/#ixzz3frDiMvt7
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