50 cent only worth 4.4 million

[blackzeus]

Better yet, if he doesn't want to pay, or at least wants to delay paying, why not try appealling the decision? Instead of going for chap. 11.

Filing the bankruptcy is cheaper and more decisive than continuing to keep lawyers on the clock breh. I was surprised to hear him file a bankruptcy too, I thought he was legit broke, until I heard he declared 4.4 milly in assets, that's when I was like It's just enough for the court to deem it ok for him to work out a settlement, this sh*t is masterful, just masterful

 

[blackzeus]

You should learn more on finances, because billionaires' net worth decrease more than 50 cent in a short period of time, and this happen everyday. So, yes people can lose hundreds of millions.

Except that 50's worth has never been tied to publicly traded shares in a company with no assets, most of his deals are branding/promotion/startups.

 

[Pop123]

50 will be indicted within 12 months for hiding assets/liquid, bank on it. My big bro always used to tell me, no matter how smart you think you are, know that somebody else already thought of it and tried it and got caught.

 

[Gimini00]

I use to think this but i mean....what exactly has he done over the years that has shown that he's "smart" enough to hide THAT a huge sum of money

Homie is doing a sextape with a hoodrat which resulted in a 5 millions lawsuit, so only hood nikkas think 50 is smart. Dre dre is the smartest guy in the industry, nikkas around him are losing while he stay winning.

 

[L. Deezy]

50 too smart to be that broke

Yeah, so smart to steal patented technology from one company and give it to another.. so smart to leak a sex tape and narrate it.. yeah, he's genius...

Yall ever thought about why TMZ never, ever,buys any offered tapes to them?

50 has clown ways.. He paying for it now

 

[Gimini00]

Except that 50's worth has never been tied to publicly traded shares in a company with no assets, most of his deals are branding/promotion/startups.

Yet none of his branding/company is doing good right now, SMS was a bad investment, G-unit and 50 cent brand worth nothing, his energy drink is a fail, and his sms promotions is going nowhere. If you take all that in account, his assets could be worth less than what people think. It doesn't matter if his investments are publicly traded or not, an asset is an asset. If your house worth 400 000$, but something bad happen, you can only sell it for less than 400 000$, then your net worth is going to decrease too.

 

[blackzeus]

Wouldn't he be ordered to pay out the creditors first before getting a taste of any revenue stream from his holdings though?

Good question The answer is no, if you have a structured payment in place as long as you honor that deal you're good. If you negotiate a payment plans for your student loans for $100/month, if you suddenly make a million dollars tomorrow, you're only obligated to make payments on that $100/month. Now if you DON'T honor the contract, and they check your assets, then that means

Also, as noted above, the willful and malicious injury exception would apply here, no? Meaning Ross's bm could still cash out regardless of how much liquid cash he has right now anyway.

No breh, the only thing she could do is sell the judgment for a discounted amount, but nobody is going to buy the judgement right now because the lawyers are still on the hook. I bet you the CAC prosecution is an office right now on some This nikka just filed bankruptcy to troll us, is it really worth spending another million to end up accepting $10K/month?

 

[blackzeus]

I use to think this but i mean....what exactly has he done over the years that has shown that he's "smart" enough to hide THAT a huge sum of money

Really breh, you serious? Who's the last person you met that went from flippin' crack in Queens to getting film financing deals done with no acting background? Do your brains even process?

 

[Keep_It_Hip_Hop_Fam]

The reality is he is not as rich as you all thought he was. If he was, he would have just paid off that 20-30 million and not risk damaging his brand.

He loses more in the long run filing for bankruptcy than not filing.

His image is shyt. Effen Vodka will not thrive with him promoting it because his image has been tarnished.
Tell me how many people you know buy Dame Dash motor oil?

Damage to your image is irreparable. People will no longer do business deals with him.

His brand is his current and future earning potential.

 

[Danny Up]

Really breh, you serious? Who's the last person you met that went from flippin' crack in Queens to getting film financing deals done with no acting background? Do your brains even process?

DMX was smoking crack in Yonkers starring in major motion pictures, not sure exactly what you're trying to say.

 

[Gimini00]

Really breh, you serious? Who's the last person you met that went from flippin' crack in Queens to getting film financing deals done with no acting background? Do your brains even process?

He has talent, he can rap, so he make money by doing music, that doesn't means he's smart. So you're gonna say that Gucci mane and all those dumbs rappers are smart because they're making money from music too. Artists and Athletes are not the smartest dude in the streets, they only use their talents to make money like 50 cent. But making money with your own money by doing smart investments require more intelligence than musical talents.

 

[blackzeus]

Yet none of his branding/company is doing good right now, SMS was a bad investment, G-unit and 50 cent brand worth nothing, his energy drink is a fail, and his sms promotions is going nowhere. If you take all that in account, his assets could be worth less than what people think. It doesn't matter if his investments are publicly traded or not, an asset is an asset. If your house worth 400 000$, but something bad happen, you can only sell it for less than 400 000$, then your net worth is going to decrease too.

1) How much did he invest in SMS? I bet you he didn't invest jack sh*t.

2) His energy drink was some kind of non profit no?

3) Ain't the nikka a pre-IPO investor in Uber? Breh nobody owes 5 million and declares almost that in assets. The probably of his net worth being just enough to make a payment but not enough to pay it outright is a joke, that's what convinced me this is a troll job. He's got his money in a bunch of sh*t people can't touch, it's just that simple.

 

[NkrumahWasRight Is Wrong]

@ROFL_GUY
What's the view saying outside of the gates in Connecticut?

Farmington Home

that value chart

i can drive by there in the next two days..if someone would like.

sidenote: the coli should pitch a reality show to mtv and have them cop the house. people get voted off every two weeks via forum posting

 

[pimpineasy]

GFC = global financial crisis

 

[The God Poster]

The reality is he is not as rich as you all thought he was. If he was, he would have just paid off that 20-30 million and not risk damaging his brand.

He loses more in the long run filing for bankruptcy than not filing.

His image is shyt. Effen Vodka will not thrive with him promoting it because his image has been tarnished.
Tell me how many people you know buy Dame Dash motor oil?

Damage to your image is irreparable. People will no longer do business deals with him.

His brand is his current and future earning potential.

you sound foolish no matter how much money you got nikkas ain't gone willingly throw away 20-30mil fuk outt here