Today's Evil Beet Gossip
50 Cent

Is 50 Cent Peddling A Fake Lavish Lifestyle?

50 cent

Last week, 50 Cent shocked the world when he filed for bankruptcy after he was ordered to pay $5 million to the mother of Rick Ross’ child for leaking her sex tape in retaliation for their ongoing feud. He’s been back in court this week to determine how much of that he’ll actually have to pay, and while he’s continued to flaunt a rather lavish lifestyle on social media, 50 told a judge that it’s all for show and he doesn’t actually live like that.

From Page Six:

The rapper, ordered to testify about his finances in Manhattan Supreme court Tuesday morning, said that his over-the-top displays of wealth — the bling, the Lamborghinis, Bentleys and Rolls Royces — are all smoke and mirrors.

“Those cars were rented,” admitted the 40-year-old rapper, whose real name is Curtis Jackson.

“It’s like music videos, they say action and you see all these fancy cars but everything goes back to the dealership,” he added.

The rings, the chains?

“I borrowed from the jeweler,” he admitted.

In reality, he owns just three gold chains, which he has a jeweler refashion into a new piece every now and then, he said.

And forget about a diamond-studded Rolex–he said he wears a plastic Casio G-Shock instead.

Stoppppp. Is he for real? He and his team claim that he’s only worth $4 million, which… LOL, no. Forbes actually estimated his worth somewhere around $155 million, and while I’m sure most of that isn’t liquid, trying to say you wear a plastic Casio watch has me in tears (of laughter).

Jackson had to admit he still commands top dollar for appearances, taking $100,000 for a day of filming “Spy” and $200,000 for a concert appearance last week in London.

He also confirmed that his 17-acre Connecticut estate has a basketball court and a nightclub — though he couldn’t remember the zip code for his 21-bedroom pad.

In court, Jackson tried to sweeten the jury of four women and two men by flashing big smiles.

“You gotta smile when you’re in a public situation. If you’re crying they’re just having more fun with you,” he said.

I’ve always loved 50 and I still do, he cracks me up. But this is just ridiculous. Apparently his lawyer told the court that his bank account is ever-shrinking because he still owes $1800 to his grandfather for an unpaid debt, among other outgoing costs. HAHAHA. Oh, Curtis.

 

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50 Cent Bankruptcy Filing Is A Shocker, Right?

50 cent

How could this be happening?! 50 Cent, arguably one of the smartest guys out there when it comes to handling his money (and arguably one of the richest guys out there) is having some money trouble. What kinda money trouble? Well, 50 filed for bankruptcy on Monday. It’s unlikely that he’s TOTALLY broke, but given the millions of dollars he’s lost in lawsuits over the past few months, he’s gotta do something because he’s literally hemorrhaging money.

The 40-year-old rapper, Curtis James Jackson III, filed for chapter 11 protection in the U.S. Bankruptcy Court in Hartford, Conn., on Monday, the same day he was supposed to appear in a New York state court to determine whether he owes punitive damages in a 2010 lawsuit filed by Lastonia Leviston, rapper Rick Ross’s ex-girlfriend, court records show.

Jurors said last week that Mr. Jackson should pay $5 million to Ms. Leviston, who said that Mr. Jackson violated her privacy by posting a sex tape of her online. Mr. Jackson’s lawyers dispute the amount of the verdict.

The skeletal, five-page bankruptcy petition didn’t reference the lawsuit. Generally, filing for bankruptcy protection halts lawsuits and collection efforts.

“This filing for personal bankruptcy protection permits Mr. Jackson to continue his involvement with various business interests and continue his work as an entertainer, while he pursues an orderly reorganization of his financial affairs,” said William A. Brewer III, his lawyer, in a statement. Lawyers didn’t explain how he plans to use bankruptcy protection to get a fresh start.

Mr. Jackson estimates that his assets and debts, which were not itemized, are worth between $10 million and $50 million, court papers said.

So basically, when a rich person declares bankruptcy, not much changes? It sounds to me like it just means people can’t get money out of him but he can continue his current lifestyle. How in the hell does that work out? Come on, lawyers of Evil Beet, explain it to me.

I always thought he was rich as shit because of his stake in Vitamin Water, which apparently made him, like, between $40 and $100 million. Of course, that kinda money doesn’t last forever when you spend recklessly, but I’m a little confused by this whole thing!

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50 Cent tried to throw the first pitch at the Mets game… ouch!

50 cent

50 Cent is a lot of things – he’s a great businessman, a pretty solid rapper, a hilarious Instagrammer, former Chelsea Handler lover… We can’t all be good at everything, and when it comes to sports, it seems like 50 needs to stick to his day job. He was invited to throw the first pitch at the Mets game at Citi Field in New York last night, and it was sort of a disaster. Okay, not even “sort of” – it was awful.

I’m not sure why this went so wrong, but oh man, that was BAD.

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50 Cent Denies Assaulting His Ex-Girlfriend; Does Not He Think Should Go To Jail

50 Cent on August 9, 2011

50 Cent was charged with assaulting his ex-girlfriend (and mother of his child) and also of vandalizing her apartment. He’s saying that’s not true. I mean obviously, of course he is. From TMZ:

50 Cent’s attorney released a statement, saying, “Curtis Jackson [50 Cent] denies these allegations as made against him. It is important to note, Mr. Jackson has not been arrested and there is no warrant outstanding for his arrest.”

That’s pretty much it. If this ever gets to trial and to the point where he could face real legal repercussion, here’s what could happen:

50 was hit with 5 charges in total stemming from the incident — including 1 count misdemeanor domestic violence and 4 counts of misdemeanor vandalism. Cops responded to the scene following the incident, but 50 had already left.

If convicted on all counts, 50 could face up to five years in jail and $46,000 in fines. He is due in court to be arraigned on July 22.

Yeah, I know that he’s going to court, but I sincerely doubt it will ever get to that point. If anything, they’ll reach a settlement.

50 Cent Could Go To Jail For 5 Years For Attacking Ex-Girlfriend

50 cent mark wahlberg

50 Cent AKA Curtis Jackson was charged with attacking his ex-girlfriend — great move! Nice job! Not only did he attack her but he also allegedly trashed her apartment. From The Huffington Post:

Curtis Jackson was charged with domestic violence and four counts of vandalism in papers filed Monday. If convicted, he faces up to five years in jail and $46,000 in fines.

Jackson had already left when officers arrived June 23 at a Toluca Lake condo belonging to a woman who had a baby with him, police said.

During an argument, the woman told police, Jackson began destroying her property before she locked herself into her bedroom. The woman said Jackson kicked open the bedroom door and kicked her, causing injury.

Police said they estimated about $7,100 in damage to the woman’s home. They observed many broken items in the ransacked and clothes-strewn condo, including chandeliers, furniture and a television.

What in the ever-loving hell? Who acts like this? I mean…aside from the obvious. I guess I forgot that 50 Cent has a history of making women feel uncomfortable (not like this is on the same level). Mr. 50 Cent couldn’t be reached for comment, though he’s been tweeting all day like nothing even happened. Not the best PR move. He also’s been on Instagram, and posted this photo (below). I think I’m missing something, I don’t get it. If there’s anything to get.

50 cent instagram photo

50 Cent Goes In For a Kiss, Makes Erin Andrews Feel Uncomfortable

50 Cent is absolutely hilarious and really loves his white ladies - combine the two, and you’ve got a recipe for what some would call disaster and what I would call laughter. Attending the Daytona 500 last week (why?), the rapper ran into Erin Andrews, the old ESPN presenter who now works for Fox Sports. Well, she ran into him, anyway.

As you can see in the video above, Erin’s looking for Danica Patrick but instead finds 50, who goes in for a kiss she only barely manages to avoid. When she attempts to make a quick getaway, he tags along for ages until Erin has no other choice than to cut back to the other correspondents in the studio. Haha!

Did 50 Cent know he was making Erin uncomfortable? Most likely – he’s a pretty smart guy and would probably think it was funny. Or he was legit trying to get some ass, who can say? Either way, let this be a lesson: people actually like the Daytona 500.

Quotables: 50 Cent Thinks Kim Kardashian’s a Piece of Trash

photo of 50 cent and kanye west pictures

“I mean … if that man feel like she perfect, then she’s perfect. He could mean it and you’ll end up singing the words to it because he’s Kanye. You know how it is? One man’s trash is another man’s treasure.”

This was 50 Cent, talking to XXL Magazine about Kanye West and his perfect bitch, Kim Kardashian.

And all I can say is BWAHAHAHAHAHA. Oh, and BWAHAHAHHAHAHHHAHAHAH!

I’m sorry. Pretty much just what Fitty said, because there’s just no way of saying it any better.

BWAHAHHAH!