US rapper, Curtis ’50 cent’ Jackson has insisted that all is not well with him financially.
During his court appearance on Tuesday July 21 to defend his bankruptcy claim, 50 Cent said his flashy lifestyle is all fake.
50 Cent has completed a court-ordered debt course as part of his bankruptcy case, and revealed in court he rented his flashy cars, and even appeared in court with a ‘plastic watch’.
The star paid $15 for the online course, according to TMZ.
The rapper appeared in court on Tuesday to give testimony about his finances in order to work out how much he’ll need to pay Lavonia Leviston.
Speaking about his fortune, the rapper said he isn’t worth anywhere near what people think. He also unsure about how much he made from his deals with Disney and Reebok and said he hadn’t even stepped foot in a Reebok shop, reports TMZ.
The 40-year-old also reportedly exaggerates his lavish lifestyle and actually owns just ‘three cars and a few chains’.
The rapper appeared in court in a simple grey suit, swapping his flashy watches for a simple black plastic one in Manhattan Supreme Court.
He reportedly told the court the Lamborghinis, Bentleys and Rolls Royces in his music videos were all rented, and the fancy jewellery was often borrowed from a jeweller.
He told the court: “Those cars were rented.
“It’s like music videos, they say action and you see all these fancy cars but everything goes back to the dealership.”
The rapper was recently estimated to be worth $150million, but he now claims he’s $28million in debt.
And when asked about the video which showed him throwing dollar bills around a strip club, he said it was just “a thing on his itinerary”.
The Candy Shop rapper filed the legal documents a few weeks ago, three days after he was ordered to pay Lavonia £3.2 million.
A jury determined the rapper had intentionally acquired an X-rated video she made with her boyfriend, added himself as a crude commentator and posted it online without her permission to embarrass his rap rival Rick Ross, who fathered a child with the woman.
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