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50 Cent Is In Way More Debt Than What He Originally Admitted

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50 Cent Is In Way More Debt Than What He Originally Admitted

BREAKING: 50 Cent to star in Get Rich or Die Tryin' sequel, Get Bankrupt and Go Viral Tryin'.

Obviously, that's not true, but if any filmmakers were to create a biopic of Fiddy's life over the past two years or so, that'd be the general gist of the movie.

We're all aware that the rapper/entrepreneur/movie star has had some financial issues as of late and has filed for bankruptcy. However, his money problems are actually far more severe than anyone first thought.

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New documents in 50's bankruptcy have revealed that the original figure of $28million (£19.5million), is not actually the amount of the rapper's debt.

It is in fact the staggering amount of $36million (£25million).

Fiddy originally filed for bankruptcy last year, but amended his assets and liabilities earlier this week.

He must pay $400,000 a month, which works out as $23million (£16million) over the next five years, to various creditors.

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His debts include money being owed in domestic support obligations, compensation to the mother of Rick Ross's child over a leaked sex tape, a legal battle with his his ex-business partner over a failed headphone deal, and taxes and debts owed to the government.

Last month the Get Rich or Die Tryin' star was questioned about several Instagram posts of which he was posing in with wads of cash.

There was worry that the rapper may be being untruthful about his finances, but he has since revealed that the money was fake.

Buckets of Love :smirk::moneybag:no big deal this short paper. Lol #FRIGO #SMSAUDIO
A photo posted by 50 Cent (@50cent) on
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Looks like we won't be seeing 50 in da club with a bottle full of bub anytime soon.

Featured image credit: 50cent via Instagram

Topics: 50 Cent

Mark McGowan
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