50 Cent Reveals More Financial Details
The rapper’s mansion is reportedly a major drain on his bank account.
50 Cent has been in and out of court in recent months trying to prove that he’s not actually as rich as everyone thinks. Last month, he told a Manhattan court that his lifestyle was all for show. Billboard reported today that the rapper told a Connecticut court that he is currently making $185,000 a month “from royalties and interest on his investments.” He spends $108,000 of that each month. More than $70,000 reportedly goes to upkeep on his Connecticut mansion.
The rapper was recently ordered to pay $5 million to a woman whose sex tape he released without her permission. He filed for bankruptcy shortly after this ruling. The fine was subsequently increased by $2 million for punitive damages.