50 Cent Says He Lied About Being Rich

50 Cent Says He Lied About Being Rich

G-Unit mogul takes the stand in sex tape case, claims his fortune is less than $5 million.

Published July 21, 2015

50 Cent said in court today that he’s actually not that rich, he's just been lying.

The G-Unit leader took the stand in the sex tape case brought on by Rick Ross’s ex, Lastonia Leviston, where he discredited reports that he's worth $155 million.

It doesn’t matter that he owns a 21-bedroom mansion, and pay no mind to the Get Rich or Die Trying album title or old tracks like "I Get Money" and "Stunt 101." He’s basically broke, by music mogul standards. 50 claims to be worth $4.375 million and says he’s been fronting about his riches because of hip hop. “The hip hop culture is aspirational,” he said.  

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Nothing is as it seems with the Queens MC. Take his car collection for example. “Those cars were rented,” he said. “It’s like music videos, they say action and you see all these fancy cars but everything goes back to the dealership.” 

Also rented? His jewelry, which allegedly consists of only three chains. Everything else, he “borrowed” from his jeweler. 

As far as new earnings, he made $100,000 from the boxing flick Southpaw, but isn’t exactly sure about how much bread he got for deals with Reebok and Disney. He also apologized to Leviston, who successfully sued him for $5 million. “I’m sorry if you feel like I hurt you,” he said of her sex tape, which Leviston believes he released out of anger towards Ross.

He somewhat agreed that the antics were fueled by the Rozay beef. “That’s just the competitive nature of the art form.”

A judge ruled last week that jurors will decide on punitive damages for Leviston, despite Fif’s bankruptcy filing. The 40-year-old, whose birth name is Curtis Jackson, has claimed $28 million in debt, including $1,737 he allegedly owes to his grandfather.   

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(Photo: Dimitrios Kambouris/Getty Images)

Written by Latifah Muhammad

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