There was a post on Reddit earlier today that succinctly dispels the myths that 50 Cent is in anyway broke. The core issue at hand is the 50 Cent lacks the liquid assets to repay his debts, that is easily transferable assets like cash or or other assets he owns that could be sold with minimal impact to price. (i.e Most of 50's wealth is tied to stock/financial assets, but if he were to sell it at once, he'd lose a lot of the market value of those assets).
Keeping in line with its corporate partnership ethos,
SMS Audio, the audio manufacturer helmed by rapper 50 Cent, announced it is has entered into a strategic alliance with Walt Disney Parks and Resorts. As part of the agreement, SMS Audio is now the official headphones of Walt Disney World Resort and Disneyland Resort, as well as of the Official Disney Fan Club. It will also be a sponsor of “Star Tours - The Adventures Continue” attraction at Hollywood Studios, and a sponsor of the Avengers Super Heroes Half Marathon Weekend and Star Wars Half Marathon Weekend at Disneyland Resort.
50 Cent's SMS Audio Teams With Disney | Twice
How many times does this have to be stated. He does not have a deal with "Disney". He has a deal with Disney Resorts. 3 of them...and that is it. How the fukk some dumb ass on reddit flipped that into owning "manufacturing operations of Disney related merchandise" I'll never know...
His wealth is tied to stock assets? Stock assets of what? It can't be any of the companies he owns, those companies don't make any money. You telling me 50 is getting paid off the stock of SMS promotions...which filed for bankruptcy...? He is getting rich off the stock and financial assets of a bankrupt company?
He doesn't own Effen Vodka...so let's say his partnership with them gives him stock options. Can you tell me what Effen Vodka is trading for per share right now? Would it be enough for 50 to cash in his stock and be able to pay off around 30 million dollars in lawsuits?
He lost a 16 million dollar lawsuit against sleek audio...who stated he stole proprietary design elements from them to use with SMS audio...so what do you think sleek audio is going to do if SMS audio ever starts to make some real money...that tells me that sms audio is probably not making any real money...because if they did sleek audio would be hitting them with a cease and desist order...on account of them having already won a personal settlement against 50 cent for stealing designs that he is using for his SMS audio company...they probably haven't sued SMS yet because the paperwork to do so is probably more than what SMS audio has even made selling headphones...
And that "official headphones of Walt Disney World Resort and blah blah blah" doesn't mean that SMS is making ANY money at all off of that. nikka...fukking Kia was or may still be the "official car of the NBA"...tell me...how many NBA players, coaches, execs, owners, front office employees...DRIVE A fukkING KIA? Matter fact...when you become "official" something for a brand...tell me...are you paying them to be listed as a sponsor...or are they paying you to be a sponsor? The fact that it says "strategic alliance" and not "deal" should clue you in...
People keep running with this "he is hiding money in his businesses"...his business DON'T MAKE ANY fukkING MONEY...
People keep running with this "50 said he himself is not rich his businesses are"...HOW ARE THEY RICH WHEN HE IS HAVING TO FILE BANKRUPTCY AGAINST THEM...
This well has run dry breh yo stans need to go find some other ones to drink from cause this is just sad...
Week and a half and has 50 cent bankruptcy filing been approved and gone through yet? Nope...