50 Cent's Lavish Lifestyle Revealed in Bankruptcy Docs, Spends $108,000 a Month!
Living like 50 Cent doesn't come cheap!
ET has obtained papers filed in bankruptcy court on Monday, which show that the 40-year-old rapper's monthly expenses add up to a whopping $108,000. He is estimated to make $185,000 a month, mostly on royalties and investments.
According to the papers, he spends $3,000 for his wardrobe per month and $1,000 for grooming. What's more, the filing points out that 50 Cent, whose real name is Curtis Jackson, also owes money to his stylist, Erin McSherry, as well as his barber and personal trainer.
The hip-hop mogul is also estimated to spend $3,000 month on meals and entertainment, and $2,000 on travel.
As for his Farmington, Connecticut mansion, 50 Cent spends $72,000 a month for the 50-room home that was once owned by Mike Tyson. The amount covers his mortgage, property tax, insurance and utilities. He also pays $5,000 for gardening and $9,000 for "security and protection."
The Power star also has financial family obligations. The documents calculate that he gives $14,600 per month to his two kids, Marquise and Sire, as well as his grandfather.
Then there are the cars. 50 Cent owns seven vehicles, including a 1966 Chevrolet Coupe, a 2015 Chevrolet Suburban, a 2010 Rolls Royce Phantom Drophea, a 2005 Chevrolet Suburban, a 2008 Dodge Sprinter, a 2003 Chevrolet Suburban and a 2012 Suzuki Kizashi Sport.
In July, the "In Da Club" rapper filed for chapter 11 bankruptcy in Hartford, Connecticut, reporting assets and debts between $10 million and $50 million, according to court documents.
The filing came just days after he was ordered to pay $5 million to a woman who sued him after he allegedly acquired a sex tape of her and her boyfriend, and shared it online without her consent.
"I'm not panicking. People love tragedy more than they love good news, no matter how you look at it. The news comes on, and it’s 90 percent tragedy," he told ET's Kevin Frazier the same week he filed chapter 11. "I have faith in the court systems. I know at points you gotta just relax and go through the process."
50 Cent is due back in bankruptcy court on Wednesday.