News

Bankrupt 50 Cent Has Sold His Music Catalog; Is Trying To Rent His Mansion

By HHL Editors
pixel_start

50 Cent's financial struggles are starting to look more and more real.

Yesterday, Fif appeared under oath in a bankruptcy hearing in Connecticut, and was grilled by Justice Department lawyers on his finances.

According to the New York Daily News, the 40-year-old seemed "confused" during most the of proceedings, and struggled to answer basic questions about his accountant and his banks.

His lawyers disclosed that Fif had recently sold his entire catalog of music to Kobalt Music Group for $6 million in part to raise money for living expenses, and to pay the two big lawsuit settlements he's been hit with.

His lawyers also revealed that 50 is trying to rent out his 18-bedroom 37-bathroom mansion -- which is costing him about 70K a month -- in an attempt to get his finances straight and pay off his debts.

pixel_end
Posted In: News 50 Cent
News Drake Has The Internet Buzzing After Sharing New Lyrics Drake Has The Internet Buzzing After Sharing New Lyrics / News News Report:  Puff Daddy Is Running MDC Brooklyn Report: Puff Daddy Is Running MDC Brooklyn / News News Dr. Dre Shades The Game When Asked About Super Bowl Halftime Show Dr. Dre Shades The Game When Asked About Super Bowl Halftime Show / News News Shyne Explains how Much Diddy Gave Him For Ten Years & Spitting in His face Shyne Explains how Much Diddy Gave Him For Ten Years & Spitting in His face / News News Roc Nation Signs Four New Rappers Roc Nation Signs Four New Rappers / News News Reginae Carter Responds To Backlash For Showing Her Bare Butt Reginae Carter Responds To Backlash For Showing Her Bare Butt / News