50 cent only worth 4.4 million

acpower

acpower

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duckbutta said:
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?
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I don't have access to 50 Cent's financial portfolio to know which stocks he owns, but I'm pretty sure I can safely assume he has a diversified portfolio of bonds, stocks, and mutual funds of all types of companies. The stock he owns doesn't necessarily have to come from his own companies. This statement alone is enough to tell me you don't have a clue what you're talking about. I think for whatever reason your too emotionally invested in believing 50 Cent is broke instead of looking at things clearly.

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...
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Not all bankruptcies are the same.

When you say "Bankrupt" most people are actually thinking of a specific type of bankruptcy - something called Chapter 7 Bankruptcy. Chapter 7 is for people who are broke. They owe far more money than they can ever hope to pay back. Rather than languish in this forever, or putting them into debtors prison, the government allows people and companies to say "I got no money, take what assets I do have, sell em and give the money to people I owe money to."

But 50 Cent filed Chapter 11 bankruptcy. This isn't him saying "I'm broke!" this is him saying "I'm insolvent." He's basically saying that the size of the debt he has is more than the cash he currently has on hand - but not more than the amount of assets he owns. In effect he's saying he can't pay right now because his wealth is largely held in non-liquid assets, i.e. houses, cars, etc.

Basically, this is less about 50 Cent having no money, and more about him having no cash. Chapter 11 bankruptcy will actually protect his assets. They'll come up with a plan (like him selling 5% of a stock he owns or something) rather than just selling off everything he owns as they would in Chapter 7.
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@duckbutta
 
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born2bewired

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hopefully this is the second shot in the face he needs. instead of pretending that nobody likes and they've counted him out... nobody actually likes him and everyone has counted him out. last time we got grodt. as an early 50/gunit fan i haven't liked anything since the massacre. the soundtrack to his terrible movie was pretty good but that was more of a unit thing. i feel like the dude lost whatever soul he had to make good music. he treats songs and albums like a product for the masses that they will eat up no matter what plate of shyt he's serving.. like a mickey d's. he took the business man in rap shyt to a very corporate level(attitude wise) around the time of that vitamin water shyt. curtis the album was just another flavor of vitamin water. no heart, no soul, no effort. dude is just as bad as the white dudes in charge of what's hot that people bytch about here. didn't sign danny brown because he didn't dress like a thug.. if someone white record label dikk said that everyone would be screaming about how racist it is. he could co-sign anyone and put anyone on. i respect his "i don't like anybody" attitude to an extent. you are going to give us kidd kidd.. weezy couldn't even sell the people kidd kidd and that's from a dude who somehow convinced all the mexican's in bull's jersey's that tyga was worth listening to
 
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Screwtape

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tripe_life said:
hopefully this is the second shot in the face he needs. instead of pretending that nobody likes and they've counted him out... nobody actually likes him and everyone has counted him out. last time we got grodt. as an early 50/gunit fan i haven't liked anything since the massacre. the soundtrack to his terrible movie was pretty good but that was more of a unit thing. i feel like the dude lost whatever soul he had to make good music. he treats songs and albums like a product for the masses that they will eat up no matter what plate of shyt he's serving.. like a mickey d's. he took the business man in rap shyt to a very corporate level(attitude wise) around the time of that vitamin water shyt. curtis the album was just another flavor of vitamin water. no heart, no soul, no effort. dude is just as bad as the white dudes in charge of what's hot that people bytch about here. didn't sign danny brown because he didn't dress like a thug.. if someone white record label dikk said that everyone would be screaming about how racist it is. he could co-sign anyone and put anyone on. i respect his "i don't like anybody" attitude to an extent. you are going to give us kidd kidd.. weezy couldn't even sell the people kidd kidd and that's from a dude who somehow convinced all the mexican's in bull's jersey's that tyga was worth listening to
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great post, rep.
 
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blackzeus

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call_me_step_daddy said:
People on here think it's utterly impossible for a multi-millionaire to lose most, if not all of his/her money..:mjlol:

Read about Eike Batista, a Brazilian businessman who was worth 35 BILLION in 2012, and is now worth a NEGATIVE -1 billion today :what:

Eike Batista: How to Lose $35 Billion in Less Than 365 Days -- The Motley Fool

Different situations obviously, but my point is if a college educated man who grew up in the business field can make billions, then turn around & lose almost all of that money in less than a year, then what wtf makes you think 50 can't possibly be in some serious financial trouble?
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1) Eike didn't make his money, Fif literally came from nothing.

2) Eiki was blowing crazy, I mean CRAZY money, Fif never did that.

3) Fif declared his wealth at 4.4 milly and when asked about his finances told the judge to ask his account, bet you Eike couldn't say that with a straight face :heh:

4) Fif's wealth ain't tied to the price of oil in a socialist country.

But yes, of course it's possible for ANYBODY to grow broke, especially in America, where everybody is willing to lend you 5x what your assets are worth.
 
duckbutta

duckbutta

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acpower said:
I don't have access to 50 Cent's financial portfolio to know which stocks he owns, but I'm pretty sure I can safely assume he has a diversified portfolio of bonds, stocks, and mutual funds of all types of companies. The stock he owns doesn't necessarily have to come from his own companies". This statement alone is enough to tell me you don't have a clue what you're talking about. I think for whatever reason your too emotionally invested in believing 50 Cent is broke instead of looking at things clearly.



Not all bankruptcies are the same.



@duckbutta
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Is it the fact that he got sued and lost a case for stealing a companies blueprints that leads you to " safely assume he has a diversified portfolio of bonds, stocks, and mutual funds of all types of companies"?

Is it the fact that he lost a civil lawsuit and has to pay a punitive damages that leads you to "safely assume he has a diversified portfolio of bonds, stocks, and mutual funds of all types of companies"?

Is it the fact that one of his business entities had to file for bankruptcy because...well because it never made any fukking money that leads you to "safely assume he has a diversified portfolio of bonds, stocks, and mutual funds of all types of companies"?

Is it the fact that he has had to slash the original asking price for his house by over 50% to sell it that leads you to "safely assume he has a diversified portfolio of bonds, stocks, and mutual funds of all types of companies"?

I'm to emotionally invested? Your the guy lurking reddit post links talking about 50 own's some "manufacturing operations of Disney merchandise" which isn't even a real thing, AFTER post outlining what his deal with Disney Resorts really is on this website multiple times.

Not all bankruptcies are the same. No shyt. But help me remember which bankruptcy are we talking about again? Are we talking about the bankruptcy 50 cent filed on his company SMS Promotions or are we talking about the personnel bankruptcy he filed in court last week? This dude files bankruptcy like the average person changes shoes so it's so hard to know which one people are referring to.

I already gave an example of him possibly owning stock in Effen vodka and how that would not be doing much for him now. Somehow you omitted that part of my post and then actually typed something about him owning stock at other companies...

I hope Curtis has enough money left to pay his street team cause you guys been working borderline non stop since last Monday...

I'd cash that check as soon as I get it...if you get it that is...
 
bouncy

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blackzeus said:
1) Eike didn't make his money, Fif literally came from nothing.
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Not really, he was driving a Benz, and land cruiser at 19 with no job. And he was running a whole block. That's not what "people who came from nothing" really experience:ld:

It does sound good to sell records, though:obama:
 
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