50 Cent says flashy lifestyle is fake

Lesotho Times - - Lifestyle -

LOS AN­GE­LES - 50 Cent may put on the lav­ish lifestyle of a rap ty­coon, but he says the bling-bling is all re­turned to the store.

The rap­per, who has filed for bank­ruptcy as he faces po­ten­tially huge penal­ties in a law­suit over a sex tape, has tes­ti­fied in court that his os­ten­ta­tious dis­plays of wealth are all a show.

50 Cent, whose real name is Curtis James Jack­son III, said that his flashy cars and jew­ellery were all bor­rowed and that his own pos­ses­sions in­cluded a Ca­sio rather than Rolex watch, ac­cord­ing to re­ports from Tues­day’s court ses­sion in New York.

“It’s like mu­sic videos, they say ac­tion and you see all these fancy cars but ev­ery­thing goes back to the deal­er­ship,” he was quoted say­ing by the New York Post tabloid.

The New York Daily News said 50 Cent told the court that he did not place a $1.6 mil­lion bet on boxer Floyd May­weather’s fight against Manny Pac­quiao, de­spite pub­licly claim­ing to do so.

50 Cent said in a state­ment to the court that he is worth $4.4 mil­lion, even though Forbes mag­a­zine ear­lier this year es­ti­mated his wealth at $155 mil­lion. 50 Cent also claimed he made just 10 cents for each of his 48 mil­lion al­bum sales, to­talling $4.8 mil­lion

The rap­per is seek­ing bank­ruptcy pro­tec­tion, which could shield him from pay­outs, af­ter a jury or­dered him to pay $5 mil­lion to a woman who ap­peared in a sex tape that went online in 2009.

50 Cent –– pos­ing in a wig as his al­ter ego Pimpin’ Curly –– nar­rates the woman’s sex­ual en­counter and mocks fel­low rap­per Rick Ross, her ex-part­ner. At the time the video sur­faced, Ross and 50 Cent were trad­ing barbs via video, lyrics and in­ter­views.

Jack­son has said Le­vis­ton’s then-boyfriend gave him the 2008 tape and that, while he didn’t ac­tu­ally post it online, the boyfriend said she didn’t mind if he did.

50 Cent re­port­edly apol­o­gized in court to the woman, who could seek far more money in the form of puni­tive dam­ages say­ing: “I’m sorry if you feel like I hurt you.”

His lawyer, James Re­nard, added that his client’s bank bal­ance is quickly ap­proach­ing zero due to un­paid debts.

He said, “That’s the cur­rent fi­nan­cial con­di­tion and we be­lieve that’s very im­por­tant with re­spect to the as­sess­ment of any dam­ages.”

50 Cent, who lives in a Con­necti­cut man­sion once owned by boxer Mike Tyson, is best known for the al­bum and movie Get Rich or Die Tryin’.

He has also been an ac­tive busi­ness­man who earned an es­ti­mated $100 mil­lion in 2007 by selling a stake in energy drink Vi­ta­m­in­wa­ter and has in­vested in min­ing in South Africa.

But he was less re­veal­ing about how much he earned from var­i­ous part­ner­ships, li­cens­ing agree­ments and busi­ness deals with larger cor­po­ra­tions such as The Walt Dis­ney Co., In­tel and Ree­bok.

“You have to ask my ac­coun­tant,” he said when asked whether he earned $100 mil­lion when Vi­ta­m­in­wa­ter was pur­chased by The Coca-cola Co. in 2007.

But last year he was or­dered to pay $16 mil­lion to Sleek Au­dio af­ter be­ing ac­cused of leak­ing its trade se­crets. –– AP

50 Cent says he ex­ag­ger­ates his lav­ish lifestyle.

Newspapers in English

Newspapers from Lesotho

© PressReader. All rights reserved.