50 Cent’s New Bankruptcy Documents Show He Spends $135,000 Per Month
50 Cent filed for Bankruptcy after he was sued for 7 million dollars after he had posted Rick Ross’s baby mama’s sextape on the web. 50 Cent has since been told by the court to pay the money since he lost the case.
50 Cent’s new bankruptcy documents show he spends $135,000 per month on bills, according to Bossip. 50 Cent’s spending in the month of December was greater than his income by $77,000. His greatest expense was $35,000 for mortgage, followed by $24,000 for child support. The G-Unit rapper lists $10 spent on fitness expenses. 50 made $38,000 in the last month of 2015, $29,000 of which came from royalties.
50 Cent filed for bankruptcy in July, citing multiple lawsuits as reasons for the filing. “The filing allows Mr. Jackson to reorganize his financial affairs, as he addresses various professional liabilities and takes steps to position the future of his various business interests,” 50 Cent’s counsel, William A. Brewer III, said at the time.
