50 cent only worth 4.4 million

[69 others]

whether he's hiding bread or not (imo that's a lot harder to do than people think) taking this this far is stupid. he should of known (or his lawyers) that in this climate of feminist anti slut shaming and revenge porn it would not of turned out in his favor plus the potential for more losses from the several deals he has going with big corporations (ie: the sms disney deal) if this thing blows up more and the feminist start making noise about it.

 

[LogicFirst]

whether he's hiding bread or not (imo that's a lot harder to do than people think) taking this this far is stupid. he should of known (or his lawyers) that in this climate of feminist anti slut shaming and revenge porn it would not of turned out in his favor plus the potential for more losses from the several deals he has going with big corporations (ie: the sms disney deal) if this thing blows up more and the feminist start making noise about it.

Exactly. The revenue porn dude got like 15 years. Curtis lucky he's a free man

 

[The_Truth]

I don't buy this. I refuse to believe he's only worth $4.4 million. He hiding that money.

 

[Prince Cairo]

Fifty lost most of his wealth in the GFC and made some atrocious investments trying to claw it back in the years after. Open secret in some circles.

Any more info on this?

 

[MikelArteta]

hundred thousandaire

 

[Gimini00]

whether he's hiding bread or not (imo that's a lot harder to do than people think) taking this this far is stupid. he should of known (or his lawyers) that in this climate of feminist anti slut shaming and revenge porn it would not of turned out in his favor plus the potential for more losses from the several deals he has going with big corporations (ie: the sms disney deal) if this thing blows up more and the feminist start making noise about it.

You can't hide anything when you're dealing with bankruptcy, otherwise you're more than stupid, because jail time for this kind of perjury is very long. We don't have enough info on the case to know exactly how much 50 cent can protected from his personal assets, but hiding your money is not a option, if they can jailed billionaires, why not 50 cent.

 

[blackzeus]

Well i think the there is alot of conflation and dumb nikka logic in this thread. (personal bankruptcy is TOTALLY different from a company filing bankruptcy which is what P and Trump did)

I dont think he is rich as some think he is, and he isn't as broke as he says he is. The answer lies in the middle

I been telling yall for years rappers are the biggest liars on the planet. I worked in radio and concert promotions for years. I can attest first hand that alot of these nikkas be fronting. Alot of your favorite rappers was in 500k videos leeching off strippers to pay their cell phone bills. I promise.

The thing about 50 is this. He placed all his value in sales at one point. He clowned other nikkas, that was his entire self worth. When his sales fell then he had to switch the narrative over to being some sort of genius mogul. He orchestrated this through some shrewd moves, plus he knew nikkas dont fact check shyt. Just say it and nikkas accept it as gospel. Just like his Vitaminwater deal. 50 said he got 100 million, so nikkas ran with it. Did Coke or Vitamin water ever say it.......nope. He got paid, but knowing how much rappers lie lets say he got half of that......50 mill. Then he had the headphones deal. He promoted the shyt outta them. But i live in a black city and i can tell you i aint seen not one nikka with them on. Not one.

I mean there is more, but i dont think Fif is lying when he says he not as rich as some folk says is. Either way he is fukked because the feds are cracking down on perjury in bankruptcy cases.........especially high profile ones. This is the biggest one yet. If Fif think he is gonna lie his way out of this, he gonna learn.

How 50 Cent scored a half-billion

...
In the media, initial reports put 50 Cent's cashout at $400 million, calculated by dividing the purchase amount by 50 Cent's reputed 10 percent share.

But in reality, 50 Cent's take was much less. Another stakeholder needed to be paid off first - the diversified Indian conglomerate Tata had invested $677 million for 30 percent of Glaceau in 2006, and got $1.2 billion when Coca-Cola bought them out.

When all the other costs had been deducted, 50 Cent was thought to have walked away with a figure somewhere between $60 million and $100 million, putting his net worth at nearly a half billion dollars.

So he made 400 milly, of which he had to chip in to help pay Tata, so probably somewhere around 100-150 is about right, most reports were at 100 (*remembers claims of 400 milly). As far as the headphones Sleek is the one who put up the money for the R&D, which is why they're suing him for 16 milly, he was probably the brand ambassador. Saying he's worth 4.4 milly is not perjury, I've seen some crazy balance sheet/tax statement combos back in my finance days, you'd be surprised how CACs go from a cool million or two to being under the cost of living with some fancy accounting

 

[blackzeus]

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

Which is why most rich families have trusts and estates in the first place

 

[Strapped]

Anyone defending fif is full of shieet ,it was all fun & games when he was embarrassing rozays ex finally justice will be served

 

[LogicFirst]

I don't buy this. I refuse to believe he's only worth $4.4 million. He hiding that money.

His last three albums flopped, 4.4 is actually pretty good

 

[Gimini00]

I don't buy this. I refuse to believe he's only worth $4.4 million. He hiding that money.

You should learn more on finances, because billionaires' net worth decrease more than 50 cent in a short period of time, and this happen everyday. So, yes people can lose hundreds of millions.

 

[blackzeus]

The girl lawyer is a monster too. One of the best trial Lawyers in America. It's not like he's dealing with some cupcakes.

That cac has been working on this case for 5 years and wants his money. I'm certain he's already had his team doing financial analysis on 50 for YEARS.... YEARS he's had independent analysts documenting shyt....

After today, now that he finally got fif on the stand, he just put in a call to the FBI to look into this nikka shyt.


50 think he dealing with Fat Joe. He dealing with Kanye when the Graduation drop. He will not win this one.

The lawyer would come out in the negative if that were the case, nobody is going to spend 5-6 years to build a case for only 5 million, the law firm might come out with only $100-300K after it's all said and done. I'm starting to feel somebody got their card pulled, that somebody being the prosecution. What they should have done is filed the lawsuit whenever a transaction happened proving his net worth. E.g. let's say he signed a concert deal for $20M, then boom, they drop the lawsuit that day because his worth has been established, it's just a question of lien position. But in this case everything 50 does is sh*t like "line of credit from Lionsgate for 200Ms", and "partnership with...". He actually technically hasn't received a major cash payout since the Vitamin Water deal. I'm starting to think more and more this nikka is a genius... I say 50 is trolling but wins a reduced payout. The tipoff was the 4.4 milly declaration of personal net worth.

 

[Prince Cairo]

The lawyer would come out in the negative if that were the case, nobody is going to spend 5-6 years to build a case for only 5 million, the law firm might come out with only $100-300K after it's all said and done. I'm starting to feel somebody got their card pulled, that somebody being the prosecution. What they should have done is filed the lawsuit whenever a transaction happened proving his net worth. E.g. let's say he signed a concert deal for $20M, then boom, they drop the lawsuit that day because his worth has been established, it's just a question of lien position. But in this case everything 50 does is sh*t like "line of credit from Lionsgate for 200Ms", and "partnership with...". He actually technically hasn't received a major cash payout since the Vitamin Water deal. I'm starting to think more and more this nikka is a genius... I say 50 is trolling but wins a reduced payout. The tipoff was the 4.4 milly declaration of personal net worth.

Wouldn't he be ordered to pay out the creditors first before getting a taste of any revenue stream from his holdings though?

Also, as noted above, the willful and malicious injury exception would apply here, no? Meaning Ross's bm could still cash out regardless of how much liquid cash he has right now anyway.

 

[Haliax]

either 50 stans are hoping that he can easily get away with perjury or they can't see the writing on the wall

 

[blackzeus]

Actually you can get a loan for the lawyer fees in cases like this, when you get paid you pay back the loan

Look judge, I am borrowing money for my self-defense, have mercy on Booboo

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