50 Cent’s latest bankruptcy reveals $8 million shortfall

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You may know him as 50 Cent, but he spends 10,000 times more per month on gardening.

Curtis James Jackson III, the rapper better known as 50 Cent, filed new bankruptcy papers on Monday giving a deeper look at the state of his finances.

Documents filed in Connecticut bankruptcy court showed Jackson claiming total assets of $24.8 million and liabilities of more than $32.5 million, constituting a shortfall of nearly $8 million for the rapper who was recently ordered to pay $7 million in damages to a woman who sued a sex tape that was posted without her permission.

Curtis ’50 Cent’ Jackson

Getty Images

The filing also reveals a more detailed look at Jackson’s finances, including the $5,000 the rapper spends each month on gardening and his monthly net income of $76,000. (Tweet that)

Jackson also revealed costs of more than $12,000 per month in child support and an average of $1,000 per month in personal care.

Read more50 Cent files for bankruptcy

The rapper, who survived nine point-blank shots, also lists $9,000 a month in security and protection expenses.

Jackson listed automotive assets of more than $500,000, including a 1966 Chevrolet coupe and a 2013 Suzuki Kizashi Sport. A previous filing revealed he leased a Bentley Mulsanne for more than $135,000.

Read more Is 50 Cent really bankrupt?

Jackson’s brokerage accounts with Credit Suisse, Merrill Lynch and Goldman Sachs totaled over $7 million.

Jackson has another bankruptcy hearing scheduled for late August.



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