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Rapper Curtis Jackson, aka "50 Cent," claims that his assets are worth about $25 million, but that two separate court-ordered payments plus other high expenses have pushed him into bankruptcy.
He filed a statement of his financials in Connecticut bankruptcy court on Monday, and Business Insider has obtained a copy of it.
Here's how Jackson says he's drained his millions in just a few years' time.
The money going out: $108,000 per month in expenses and millions of dollars in lawsuits
Jefferson Siegel/New York Daily News/POOL50 Cent testified that his lavish lifestyle was an illusion.
Apparently, 50 Cent was primarily forced into filing for bankruptcy after two court judgments put him over the top. There's the $7 million owed to Lastonia Leviston, the woman had won the payment in court after the rapper allegedly released a sex tape of her to embarrass the rapper's nemesis, Rick Ross, who had fathered one of her children.
And then, there's the electronics company Sleek Audio, which he owes an $18 million court-ordered payment after a partnership to produce headphones fell apart.
Those court orders total about $25 million, the amount 50 Cent claims in assets.
But, that's just the tip of the iceberg. The rapper claims another $7 million in liabilities.
50 Cent says he has about $108,000 in monthly expenses, which include his homes and personal expenses.
Google Street ViewThe house with the address that Curtis Jackson listed on his bankruptcy filing.
His lavish Connecticut house — the one with 21 bedrooms, 24 bathrooms, and a nightclub— costs about $72,000 a month to maintain, he says. He spends about $5,000 per month on just the gardening.
See his housing costs below:
He also pays a monthly $5,745 Bentley car lease and $12,000 in child support for two children. Additionally, he supports a grandparent in the amount of $2,500 a month.
50 Cent keeps himself looking good with about $3,000 a month on clothes and $1,000 a month on grooming.
See his personal expenses below:
What money is coming in? He has about $10 million in cash and investments
As far as his income, 50 Cent claimed he made $3.3 million from his music so far this year. He also made about $372,000 from SMS, his company that makes headphones, in 2015. Additionally, he has made $771,000 from numerous films, touring, merchandising, and other pursuits with G-Unit, 50 Cent's record label.
The rapper has $10 million in cash and $500,000 in cars, including three Chevy Suburbans and a 2010 Rolls Royce.
There is no mention of the income he made from film and TV work. Previously, 50 Cent stated that he made $100,000 each on "Southpaw" and "Spy," according to the court transcript acquired by Business Insider. As for Starz drama "Power," which the rapper acts in and executive produces, 50 Cent testified that he has made $150,000.
Here's a look at his income, from the filing:
Source:
Here's how 50 Cent says his entire ~$25 million fortune vanished
he cant lose, even when you think he taking an L he's taking a huge W 
nikka bought Holyfield's mansion and he ain't even married or got kids living with him. I swear these rapper's lifestyles are guaranteed bankruptcy plans. A 101 on how to go broke by trying to impress the world with your flashy shyt like cars and an oversized house.