50 cent only worth 4.4 million

[DonKnock]

DEFINITION OF 'IRREVOCABLE TRUST'

A trust that can't be modified or terminated without the permission of the beneficiary. The grantor, having transferred assets into the trust, effectively removes all of his or her rights of ownership to the assets and the trust.

This is the opposite of a "revocable trust," which allows the grantor to modify the trust.

INVESTOPEDIA EXPLAINS 'IRREVOCABLE TRUST'
The main reason for setting up an irrevocable trust is for estate and tax considerations. The benefit of this type of trust for estate assets is that it removes all incidents of ownership, effectively removing the trust's assets from the grantor's taxable estate. The grantor is also relieved of the tax liability on the income generated by the assets. While the tax rules will vary between jurisdictions, in most cases, the grantor can't receive these benefits if he or she is the trustee of the trust.

The assets held in the trust can include, but are not limited to, a business, investment assets, cash and life insurance policies.




@CloudCloud

 

[JerseyFinest!]

yea with legal fees and 30 million in law suits


and this fool had the nerve to talk about mayweather and how he didnt have any income besides boxing..... while he just made 200 million in 30 minutes and has another 50 million coming in a few months

That's why he was so salty floyd didn't team up with him to make TMT promotions

He needed those ones bad we now see..

 

[HARLEM AL]

That nikka got on a timex b he really trying to play the part....

 

[Nintendough]

50 is hustling, anybody who buys this broke shyt kidding themselves.

 

[L. Deezy]

Well i think the there is alot of conflation and dumb nikka logic in this thread. (personal bankruptcy is TOTALLY different from a company filing bankruptcy which is what P and Trump did)

I dont think he is rich as some think he is, and he isn't as broke as he says he is. The answer lies in the middle

I been telling yall for years rappers are the biggest liars on the planet. I worked in radio and concert promotions for years. I can attest first hand that alot of these nikkas be fronting. Alot of your favorite rappers was in 500k videos leeching off strippers to pay their cell phone bills. I promise.

The thing about 50 is this. He placed all his value in sales at one point. He clowned other nikkas, that was his entire self worth. When his sales fell then he had to switch the narrative over to being some sort of genius mogul. He orchestrated this through some shrewd moves, plus he knew nikkas dont fact check shyt. Just say it and nikkas accept it as gospel. Just like his Vitaminwater deal. 50 said he got 100 million, so nikkas ran with it. Did Coke or Vitamin water ever say it.......nope. He got paid, but knowing how much rappers lie lets say he got half of that......50 mill. Then he had the headphones deal. He promoted the shyt outta them. But i live in a black city and i can tell you i aint seen not one nikka with them on. Not one.

I mean there is more, but i dont think Fif is lying when he says he not as rich as some folk says is. Either way he is fukked because the feds are cracking down on perjury in bankruptcy cases.........especially high profile ones. This is the biggest one yet. If Fif think he is gonna lie his way out of this, he gonna learn.

"But i live in a black city and i can tell you i aint seen not one nikka with them on. Not one."

I said the same shyt and nyggas came for my neck.. I wasnt hating. I STILL have not seen them on anybody EVER

 

[Raptor]

i think he's hiding assets, but that number cant be too far off, can it?

but, its got me thinking whats this dude's vice? he doesnt gamble, drink or smoke. ive never seen him heavy into the strip club scene. he had a fleet of cars early, but what else could he be doing besides tricking? he was worth near a half a billy, at one point!

the dude is lyin. With the amount of revenue he was bringing in for all these years, you got to believe he had a goat financial adviser. He probably has his fingers in so many pies, but his accountants and lawyers hid the trail. My uncle is a lowly doctor earning 150gs a year without taxes and his been working for 15 years and building up a property portfolio(low risk but low return) and he and has a better networth than whats fittys claiming.

 

[3rdWorld]

If he claims he's only worth 4.4 mill in a federal court, then he really better be rich broke..

This isnt a game..shuffling money around like monopoly to evade the IRS , courts and creditors is the only thing that'll send the rich to prison.

Federal financial forensic investigators can dig as deep as they like and follow the money trail anywhere in the world and force those accounts open.
Thank 911, bush and the war on terror for that one.

 

[Cloud Cloud]

Summary of the below article: Rich reality tv FEMALE CAC filed bankruptcy. In the bankruptcy case they asked her about some jewelry she wore during a BOOK SIGNING a while back, since she didn't list it on her sheet of assets. Female cac says jewelry is fake.

Later, a video pops up where she is in her daughters closet, finds an expensive ring she lost, and says "thank god I have insurance" casually.

Based off that ONE STATEMENT, FEDS get on female cacs ass and hit her with perjury charges, and she's spending 15 months in federal prison.


EXCLUSIVE: Teresa Giudice BUSTED! Feds Onto “Worthless” Jewelry Scam – Video Reveals Grounds for Perjury Charges

==========

But I know.... Curtis just making "Chess moves"


They bout be on this nikka ass like WHITE ON RICE.






I wonder will they make Preme be this nikka bunky .............. or.... he's just outright broke



Currrtttiiiiisssssssssssssssss

 

[Olu Dara]

50 is hustling, anybody who buys this broke shyt kidding themselves.

Even the judge?

 

[Da King]

$0.10 a record?


38 million sold, $3.8 million total. after taxes, $1.9 mill. after paying off managers, lawyers, etc, this nikka just a like a exploited boxer…..

Dre still hasn't spent that GRODT money

 

[Higher Tech]

Im still not buying it.

 

[CAC Dogg]

not rich, still lying

karma

 

[2manyFCKNrappers]

i don't believe he's worth any less than 50 mil. 50 ain't stupid.

 

[Higher Tech]

Fif filed Chapter 11 bankruptcy though, isn't that pertaining to corporations? I thought 13 was individual

Chapter 11 is because his debt was over 350k

 

[DontEemTry]

He worth -$600k after he pay out this bread


-$10.6mil after the Punitive Drop


Currrttttiiiiiiiisssssssssssss

You mean my coli cash higher than his net worth after all this?