50 Cent Probably Isn’t As Bankrupt As He’s Letting On

July 14, 2015 / Posted by:

50 Cent really wants you to believe he’s as broke as his name. Yesterday, he filed for bankruptcy. Today, he Instagrammed a picture of himself standing next to a Smart car with the caption: “Times are hard out here LMAO.” Tomorrow, he’ll open his wallet and a cartoon moth will fly out. But TMZ wants you to know they’ve investigated this situation and they’ve come to the conclusion that 50 Cent is just pretending he’s poor.

TMZ dug up a few pictures of 50 Cent hosting a party in Atlantic City last week and ran them down to the forensic lab in the basement (you know, the one Harvey Levin uses to make sure Kris Jenner’s monthly appreciation check is legit). In the pictures, 50 Cent’s got a wad of bills sticking out of the front pocket of his jeans, and TMZ estimates that the stack of cash is about $5,000. They also have a video of him throwing cash at the Ace of Diamonds strip club on Monday night. So basically, he’s not broke-broke. Every detective employed by the FBI quit their jobs, because they know it’s only a matter of time before they’re replaced by the super sleuths at TMZ.

TMZ also spoke to sources who claim that 50 Cent’s decision to file for bankruptcy was a “legal maneuver” in an attempt to reorganize his finances. That sort of matches up with what 50 Cent’s lawyers had to say in the statement they released shortly after he filed his poor papers.

“The filing allows Mr. Jackson to reorganize his financial affairs, as he addresses various professional liabilities and takes steps to position the future of his various business interests. Mr. Jackson’s business interests will continue unaffected in the ordinary course during the pendency of the chapter 11 case.”

50 Cent also released his own statement about filing during the press junket for Southpaw to ET, saying:

“I’m not panicking. People love tragedy more than they love good news, no matter how you look at it. I make decisions to do things based on the position that I’m placed in at points and if I’m consistently being made out to be a target because of my financial situation. I have faith in the court system. If [people] actually believe that I wouldn’t be conscious of who I am and protecting myself.”

If the court system was a person, it would be shooting 50 Cent a look right now that says: “Dude, we know you’re still rich. Just write the damn check for $5 million.

Pic: Instagram

Our commenting rules are pretty simple: If you make any overly offensive comment (racist, bigoted, etc..) or go way off topic when not in an Open Post, your comments will be deleted and you will be banned. If you see an offensive or spammy comment you think should be deleted, flag it for the mods and they'll be forever grateful and give you their first born (although, you probably don't want that).

alt="drupal analytics" >