50 cent only worth 4.4 million

[Turbulent]

One more thing: they got all type of shyt called "money laundering" ...


The one nikka I think the nikka could trust: his grandfather... He gotta pay taxes on any money he send to him over a certain amount. Matter fact I think there is a LIMIT on the amount of GIFTS you can give somebody.


He can't just say "hey grandpa hold this $50mil" ... Cus then that $50mil would turn into $35mil due to gift tax. And I don't even think giving somebody a $50mil gift is legal.

it's legal here in canada and you wouldn't pay tax on it if i'm not mistaking. the only thing is that if it was clearly to avoid a fine or judgement payment, they could freeze the account and maybe even seize it. in the states, it might depend on state laws as well as the IRS rules.

 

[You Win Perfect]

He's pretending
Lets see if it'll work tho

shoulda been /thread

 

[GzUp]

Right...plus I'm SURE he has the connects to know how to allocate his funds waaay before this happened. Having a lot of money in accounts for celebrities is begging for a loss as litigious as people are....not to mention they gain almost nothing sitting in them. 50 has to know people would wait for his downfall, and well deserved. I just know dude thinks and is too intelligent to just hope he can lie his way out of this and that's the extent of his plan. Dude is far from worried..

it just sounds like u are hoping for that, while the system is going to prove what he has.

but we are suppose to believe u?

u are just :save2:

 

[cleanface coney]

DEFINITION OF 'IRREVOCABLE TRUST'

A trust that can't be modified or terminated without the permission of the beneficiary. The grantor, having transferred assets into the trust, effectively removes all of his or her rights of ownership to the assets and the trust.

This is the opposite of a "revocable trust," which allows the grantor to modify the trust.

INVESTOPEDIA EXPLAINS 'IRREVOCABLE TRUST'
The main reason for setting up an irrevocable trust is for estate and tax considerations. The benefit of this type of trust for estate assets is that it removes all incidents of ownership, effectively removing the trust's assets from the grantor's taxable estate. The grantor is also relieved of the tax liability on the income generated by the assets. While the tax rules will vary between jurisdictions, in most cases, the grantor can't receive these benefits if he or she is the trustee of the trust.

The assets held in the trust can include, but are not limited to, a business, investment assets, cash and life insurance policies.




@CloudCloud

lol i aint gone lie this crazy

i aint even a super 50 cent fan

but this his only option i looked it up earlier

best believe the creditors are looking fa any mistake in the paperwork, if he do gotta irrevocable trust hopefully his lawyers got it protected and took his control away imma say years ago

if not this crazy thought ia never see 50 fukked up

 

[DanielAlfredsson]

me personally I think hes got some money as well(I dont think 4.4 million and I dont think $150 million, if someone said $10-15 or 20 million I wouldnt be shocked..) , he just made $500k at Drai's in Las Vegas in 1 night and he threw his birthday there.. Hes probably made a million this year from hosting Vegas clubs alone. Outside of some vice we dont know about he will always get money based off his name and appearances while it might not be in the millions every year..

I don't think anyone is doubting that he's still bringing money in, it just doesn't seem to be enough to cover his overhead.

 

[duckbutta]

50 has STATED A MILLIONS TIMES ''personally he doesnt make a lot, his ''companies'' does''.. TECHNICALLY he's not lying, if his money is in his companies aND not in his name then he's not lying..

his personal worth of 4.4 mil could come from his personal cars like his blue lambo and tyson house cause 50 aint stupid enough to leave all his money out like Floyd

Except for the fact that one of his companies...SMS promotions...is filing for bankruptcy...:yeah ok:

So what...he is hiding his money in the company he declared bankruptcy on...:yeah ok:

If that is the case he might as well get "send me to jail" tattooed on his forehead...

Matter fact...can you name one business entity that 50 cent owns that makes any money at all?

I mean it just needs to make one fukking penny...

 

[Flay Mayweather]

Lmao ... Nas got better finances that 50

:naslost:

 

[DanielAlfredsson]

I remember when Chris Lighty killed himself, one of the rumors around it was that he was dead broke, and I thought "but he's 50's guy, how can that be..."

 

[cleanface coney]

basically whatever money/assets/trusts he do got

he gotta show he aint controlled it in a long time…and somebody else(family,friend,etc) is set to receive it…and make sure its no mistakes as far as the wording

 

[Mac Casper]

His back was against the wall and the lawyer had to get him out of that

 

[Flay Mayweather]

Let us all laugh at a nikka worth 4.4 million dollars.

The same nikka that laugh at others for having less than him

 

[DanielAlfredsson]

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[RAX 010]

 

[Bawon Samedi]

Floyd may not be able to read, but he can count better than Fif...

 

[torcher]

50 shoulda left Ross alone