ENTERTAINMENT

50 Cent Faked Wealth With Borrowed Jewelry And Cars

Not everything is as it seems. 

Fifty Cent, real name Curtis Jackson, testified in Manhattan Supreme Court Tuesday and admitted that he faked his wealth with borrowed jewelry and cars, according to the New York Daily News, saying: "It's entertainment." 

Forbes pegged 50 Cent's net worth at $155 million -- with a fortune amassed from investments in Vitaminwater, SMS Audio, SK Energy and more -- back in May, landing him the No. 4 spot on the "Forbes Five" of the wealthiest hip-hop artists. But during Tuesday's hearing, the rapper said he is really only worth $4.375 million, TMZ noted. 

He claimed he made just 10 cents per record from the 38 million he sold, and $200,000 total for roles in the movies “Spy” and “Southpaw," the Daily News reported. His Bentley and Ferrari were rented and his gold chain with diamonds was a loaner. His 65-carat Cartier tiger ring was probably not 65 carats (“65 carats? I don’t think that’s even possible") and he never made that $1.6 million bet on the Floyd Mayweather and Manny Pacquiao fight.  

The rapper filed for bankruptcy last week in Hartford, Connecticut, and "reported assets and debts each in the range of $10 million to $50 million." The filing came days after a judge ordered him to pay $5 million to Lavonia Leviston, the mother of Rick Ross' child, after he leaked her sex tape online without permission. 

“Now that I filed for bankruptcy,” 50 said, per the New York Times, “I’m not as cool as I was last week.”

PHOTO GALLERY
Celebrity News & Photos

To subscribe to our HuffPost Entertainment WhatsApp account:
1. Download WhatsApp on your phone.
2. Save this number, 347-334-1794, in your phone’s contacts.
3. Text "POP" to that number via your WhatsApp account.
You can unsubscribe at any time by texting “STOP" to the same number.

CONVERSATIONS