After filing for bankruptcy last week, 50 Cent, whose real name is Curtis Jackson, appeared in a Manhattan Supreme Court on Tuesday morning to testify that he is not as
wealthy as his flashy lifestyle makes him appear to
be.
While Forbes estimated the rapper's fortune to
be about $155 million in May, Jackson's lawyer said in court
Tuesday that his client's worth is $4.4 million, which presents a problem
after he was hit last week with a $5 million verdict for publishing a sex tape starring
rival Rick Ross' ex-girlfriend.
Jackson explained in court that while his
social-media accounts may be filled with flashy
When the judge asked the rapper
about his 38 million record sales, Jasckon said, "I make
10 cents a record."
Jackson also said he made $100,000 for the
two movies he's currently in, "Spy" and "Southpaw." For his
current role on Starz's hit series "Power," which he also
executive-produces, Jackson said he's pocketed only $150,000 from
each of its first two seasons
Despite the
filing, Jackson did admit that he recently threw cash around at a
Florida strip club and bought a Rolls Royce on July 4th, but
said "I took two others back" in order to buy it, according to the
NYDN.
During his testimony, Jackson
also said he was worried that his "brand" had been tarnished since
the bankruptcy filing last week, saying, "Now that I filed for bankruptcy,
I’m not as cool as I was last week."
Jackson did manage to say a minor apology
to Lastonia Leviston, who was awarded $5 million after he allegedly
published a sex tape on which she is featured without her
consent: "I'm sorry if you feel like I hurt you."
Since the bankruptcy filing
last week, 50 Cent has been vocal about trying to get out of
paying Leviston.
"I need protection," 50 Cent explained while appearing on TBS' "Conan." "You
get a bull's-eye painted on your back when you’re successful, and it’s public.
You become the ideal person for lawsuits."
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