Monthly bankruptcy expenses at 50 cents

0



While rapper Curtis Jackson III (“50 Cent”) would like the world to believe he really isn’t that rich, he can’t hide the fact that it’s expensive to be him.

50 Cent says his monthly expenses total $108,000, or about $1.3 million a year. That includes both personal and household expenses, child support and car payments, according to Connecticut bankruptcy court filings that Business Insider acquired. These fees also include thousands of dollars in monthly “personal care,” “wardrobe,” and “gardening” expenses.

50 Cent House Curtis Jackson

The house with the address listed by Curtis Jackson on his bankruptcy filing.

Google Street View


A total of $72,000 per month is spent on payments and upkeep for 50 Cent’s three homes in Connecticut, New Jersey and Georgia.

Jackson says majority of it goes to Connecticut home — the one with 21 bedrooms, 24 bathrooms and a nightclub. jackson pays $17,400 for his mortgage each month. A utility bill totaling $14,200 per month powers all of these rooms, plus a movie theater and basketball court. He keeps the landscaping lush with $5,000 a month in gardening fees. And the pool is probably ready for 24-hour use at the perfect temperature for a monthly maintenance fee of $1,500.

See the breakdown of her household expenses here:

50 cents of household expenses


PACER


The 40-year-old’s other monthly expenses include child support for two children totaling $12,100 and $2,500 in support of the rapper’s grandparents.

50 cent car

50 Cent owns seven cars totaling around $500,000.

Isaac Brekken/General Motors via Getty Images


His cars — which are worth around $500,000 — cost the rapper $9,200 a month, which includes leases ($5,800), insurance ($1,400) and other expenses. This covers seven cars: a 1966 Chevrolet Coupe, a 2015 Chevrolet Suburban, a 2010 Rolls Royce Phantom Drophead, a 2005 Chevrolet Suburban, a 2008 Dodge Sprinter, a 2003 Chevrolet Suburban and a 2012 Suzuki Kizashi Sport.

As for the rapper’s personal upkeep, he says he spends $1,000 a month on personal care and $3,000 on wardrobe.

On top of that, he spends $3,000 a month on meals and entertainment, and $2,000 a month on travel.

See the details of his personal expenses here:

50 cents of personal expenses


PACER


50 Cent’s attorney provided a statement to BI.

“Filing for personal bankruptcy protection is a complex and often time-consuming process,” says William A. Brewer III, partner at Brewer, Attorneys & Counselors. “Lost in reports of Mr. Jackson’s individual assets, liabilities and expenses is the reason for the filing – to pursue an orderly reorganization of his financial affairs.”

Brewer added, “It is important to remember that filing for protection allows Mr. Jackson to continue his active involvement in numerous business, entertainment and philanthropic interests.”



Share.

Comments are closed.