New legal documents obtained by TMZ show that 50 Cent’s finances continue to dwindle. The Queens rapper claims he now has a total of $7.4 million in the bank and real-estate holdings of around $8.8 million, all while his mountainous debt continues to pile up.
This past December, reports revealed 50 Cent owed more than $28 million to his top 20 creditors alone, in addition to liabilities worth up to $50 million after losing a lawsuit over a failed headphone partnership. The rap mogul filed for bankruptcy last August after losing a $7 million sex-tape lawsuit. At that time, he claimed to have $10 million in his bank accounts and over $9 million in real-estate assets.
While 50 Cent filed a $2 million lawsuit in December over Rick Ross’ use of the “In Da Club” instrumental on the Renzel Remixes mixtape without permission, the G-Unit leader doesn’t seem too troubled by his financial woes. Rap’s greatest troll still had time to respond to choice words from Meek Mill’s recent 4/4 EP — via his Instagram account, of course. Naturally, 50 Cent “won” the battle, but when it comes to finances all he’s doing is losing lately.