Cent reportedly has $10m in bank despite bankruptcy filing
50 Cent purchased the house, which boasts 21 bedrooms, nine kitchens and a casino, in 2003 from boxing champ Mike Tyson, who also went bankrupt while living at the pad.
The Hartford Courant (http://cour.at/1JNPiVu ) reports the disclosure came Wednesday during a meeting of creditors. Court filings show he’s been paying $72,000 a month to maintain the property.
Papers filed to a court in Connecticut revealed how the star spends his monthly income of $184,969, around £118,000, most of which comes from royalties and interest paid out on investments.
The superstar filed for bankruptcy days after he was ordered to pay US$5 million in damages to rap rival Rick Ross‘ ex, Lavonia Leviston, for leaking her sex tape online. The star also has to pay out over United States dollars 14,000 on support for his two children – 17-year-old Marquise, and Sire, two – as well as for his grandfather.
He splashes $3,000 a month on clothes and $1,000 on grooming – but still owes his barber, stylist and personal trainer money. The rapper is said to own three Chevy Suburbans, a Bentley, and a Rolls-Royce, among others.
The 50,000-square-foot mansion in Connecticut is situated in a 17-acre property. It was originally built by real estate swindler Benjamin Sisti towards the end of the 1980s.
Over the years he dropped the price of the home hoping to find a buyer.