50 Cent's Bankruptcy Papers Show 7 Cars, Businesses in Red

Rapper 50 Cent says in a Connecticut bankruptcy filing that he owns seven cars valued at more than $500,000, including a 2010 Rolls Royce and a 1966 Chevrolet Coupe.

His Farmington property is his most valuable property. It's listed in papers filed Monday at nearly $8.3 million.

The filings also show losses of more than $10 million in 2013 and 2014, with expenses outstripping income and losses posted in 50 Cent's records, adult film and G-Unit Brands businesses.

As of July 13, the businesses were in the black.

The rapper, born Curtis James Jackson III, filed for bankruptcy last month after a New York City jury ordered him to pay $7 million to a woman who said he posted online a sex tape she made with a boyfriend.

 

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