For anyone who think these rappers are really ballin...

if you think 50's not laying it on extra thick to get the maximum benefit from his Chapter 11 filing then you're just as gullible as the kids who think "rappers are ballin".

he's almost trolling the court: ""Now that I filed for bankruptcy, I’m not as cool as I was last week." LOL thats hilarious. he showed up to court wearing a g-shock and a "cheap" suit hahahahahaaha

"i only make 10 cents a record" "i had to take two other rolls back to buy a new one" "im not as cool as i was last week"

the complaints of a man that has lived the life of a king that last 10, 15 years...bein worth 4.4 mil when you came from cereal bowls full of stale fruitloops and cockroaches isnt enough

i hope he gets ball cancer

Unless he has millions of dollars stashed away in 1000's of Nike boxes, his revenue and worth is at full exposure for IRS purposes. That, or he isnt paying taxes. Either way, he aint worth as much as you want him to be worth.

Also, if he is lyin to the court, you can bet that will go over well.

Also, if he is lyin to the court, you can bet that will go over well.

He filed for Chapter 11. This is not the same type of bankruptcy your broke uncles have had to file.

He's saying his liquid cash is 4.4mil, therefore he cannot pay the lady 5 (she is also requesting like 15 mil or so in punitive damages). The rest of his many many millions are tied up in companies that he owns or partially owns, stocks, bonds, trusts etc... This is all a strategic move on his part in hopes of reducing the amount of money he is going to have to pay.

His court case is against 50 cent the PERSON, not 50 cent the ENTERPRISE. Businesses and people are viewed separately in the courts.

He is gaming the system, and doing a good ass job of it. Props 50

if you think 50's not laying it on extra thick to get the maximum benefit from his Chapter 11 filing then you're just as gullible as the kids who think "rappers are ballin".

he's almost trolling the court: ""Now that I filed for bankruptcy, I’m not as cool as I was last week." LOL thats hilarious. he showed up to court wearing a g-shock and a "cheap" suit hahahahahaaha

yep

50 isnt broke he has no plans on paying this lady and thats it.

here is the top comment from that same article posted to Reddit pretty much sums it up.

Fuck it. I wasn't going to say anything, but the consistency of misinformation here is too damn high! To 95% of you, just get up and click on even a wiki about equity, information asymmetry and the principal agent problem. Anyone claiming that these baiting articles and headlines provide hard evidence that 50 is just as broke as the rest of us, is a lunatic.
So, 50 cent is not broke; his equity is great, he just doesn't have the liquid assets to pay the court ordered damages following a couple of lawsuits. Which is precisely why he doesn't liquidate his assets and throw around his money. If he had super watery capital creditors could liquidate his assets easily if he did not have enough to cover the damages. So this strategy not only protects him, but also gives a wide range of freedom; in the case that he is sued and is ordered to pay damages, he can say 'oh I don't have enough', then file for bankruptcy, which works hugely in his favor because then he can negotiate to pay way less than ordered originally . He's got securities and mutual funds and blah blah blah. Furthermore, fiddy is not only a businessman, but he is a business owner. So, if he has these companies worth ten, twenty fold what he owes in damages (which he does), even if the damages exceeded his liquid assets (which they do), and he like liquidated an entire company (which he will not do, because there's no point at all), because the business and owners are discrete entities, the shared capital is a liability against the owners investments. So although for many of his business he isn't the sole owner, he is still an owner. So even after liquidating a company to pay like 5 million he would still end up with five or ten times that much in liquid assets which could then be taxed etc... So when he says 'restructuring', it's not like he's listing a house without walls or a roof, rotten and broken. He's just fucking throwin' some marble and granite and gold in that bitch. Financial restructuring is incredibly complicated. For many reasons. But it is absolutely necessary in this case.
Fiddy cent has damages exceeding his LIQUID assets. Instead of liquidating his tangible assets 'cars, home, 'chains', or liquidating his intangible assets, he applied for a form of bankruptcy which allows him the time to restructure his finances that not only prevents supplementary losses, but actually reduces the amount owed in damages.
Hence stating 'I take the jewelry and cars back to the store'... And hence him actually fucking taking that shit back to the store. This whole ordeal, when it's over, will serve only to prove how clever this man is. The Post, Time and Business Insider, as well as obviously financially brilliant redditors, will do a full 180 and sing his praises. As they should.
A part of this decision to file for type 11 is industry stuff. Once this thing closes a lot of details previously unknown to the public will come into the fold.
tl;dr: fifty doesn't wanna pay you shit. He really is fucking as rich as everyone says. His SMS audio company was not a flop compared to Dre. He owns the manufacturing operations of Disney related merchandise through SMS that make Elsa earbuds and Anna microphones.