Entertainment 50 Cent "I Only Make 10 Cents Per Record, Lease Cars and Borrow Jewelry"

Discussion in 'The Howard Stern Show' started by Rupert Pupkin, Jul 21, 2015.

  1. Rupert Pupkin

    Rupert Pupkin That Ass is Attached to Daniela Lopez

    Reputations:
    -3
    Joined:
    Mar 12, 2012
    Messages:
    8,486
    Likes Received:
    15,943
    http://www.businessinsider.com/50-cent-in-court-after-bankruptcy-sex-tape-ruling-2015-7

    50 Cent testifies his lifestyle is an illusion: 'I take the jewelry and cars back to the stores'
    Jul. 21, 2015, 5:04 PM

    While Forbes estimated the rapper's fortune to be about $155 million in May, Jackson's lawyer said in court Tuesday that his client's worth is $4.4 million, which presents a problem after he was hit last week with a $5 million verdict for publishing a sex tape starring rival Rick Ross' ex-girlfriend.

    Jackson explained in court that while his social-media accounts may be filled with flashy photos, "I take the jewelry and the cars back to the stores," according to the New York Daily News.

    When the judge asked the rapper about his 38 million record sales, Jackson said, "I make 10 cents a record."

    Jackson also said he made $100,000 for the two movies he's currently in, "Spy" and "Southpaw." For his current role on Starz's hit series "Power," which he also executive-produces, Jackson said he's pocketed only $150,000 from each of its first two seasons.

    Despite the filing, Jackson did admit that he recently threw cash around at a Florida strip club and bought a Rolls Royce on July 4, but added "I took two others back" to buy it, according to NYDN.

    [​IMG]
     
  2. HowieStearn

    HowieStearn Well-Known Member

    Reputations:
    17,279
    Joined:
    Dec 13, 2011
    Messages:
    18,624
    Likes Received:
    20,119
    changed his name to 10 cent
     
  3. HooHoo

    HooHoo Well-Known Member

    Reputations:
    -3
    Joined:
    Mar 15, 2012
    Messages:
    5,429
    Likes Received:
    6,130
    Time for a new agent. Or as Artie would say "get yerself one-a-dem jew agents"
     
  4. skylarbrie

    skylarbrie VIP Extreme Gold

    Reputations:
    116,719
    Joined:
    Apr 26, 2012
    Messages:
    14,292
    Likes Received:
    10,847
  5. Boomer

    Boomer Who is your daddy and what does he do?

    Reputations:
    7,226
    Joined:
    Feb 22, 2012
    Messages:
    3,563
    Likes Received:
    4,421
  6. Droog

    Droog Well-Known Member VIP

    Reputations:
    45,517
    Joined:
    Jan 15, 2012
    Messages:
    19,431
    Likes Received:
    26,074
    I knew he wasn't a mogul. What has he really done? Reminds me of MC Hammer. A few hits and a lot of nothing doesn't equal music mogul. And hip hop has a really short shelf life. It's not like classic rock. No one is filling a stadium ten years after a few hits to see him perform.
     
    CrucifiedAGT and SalsMasterShake like this.
  7. lilbuddy67

    lilbuddy67 A man with breath-taking anger management issues Banned User

    Reputations:
    6
    Joined:
    Aug 23, 2010
    Messages:
    13,263
    Likes Received:
    15,754
    Oh, so like every other Reggie.
     
  8. Goods

    Goods Well-Known Member

    Reputations:
    15
    Joined:
    Jan 15, 2012
    Messages:
    3,529
    Likes Received:
    1,706
  9. EmperorsNewCaps

    EmperorsNewCaps Member

    Reputations:
    31
    Joined:
    Jan 15, 2012
    Messages:
    12,184
    Likes Received:
    15,795
    As someone who actually keeps up with reggie radio, let me attest that his lack of wealth likely has more to do with the fact that he hasn't had a goddamn hit since I was in middle school versus ten cents a record. Ten cents a record adds up if you're not an irrelevant has-been.
     
    SalsMasterShake and smichal like this.
  10. Rip mcdivvit

    Rip mcdivvit Well-Known Member

    Reputations:
    0
    Joined:
    Feb 4, 2015
    Messages:
    1,487
    Likes Received:
    1,917
    I grew up in uk and they had plenty of one hit wonders. There is nothing wrong with living modestly and having some cash in the bank.
     
    Last edited: Jul 22, 2015
  11. yaddc

    yaddc Well-Known Member

    Reputations:
    56,287
    Joined:
    Jan 13, 2014
    Messages:
    34,248
    Likes Received:
    32,877
    Fitttttttttty is full of shit he got the $$$$$$ buried. He looks like the Black Frankenstine.
     
  12. HowieStearn

    HowieStearn Well-Known Member

    Reputations:
    17,279
    Joined:
    Dec 13, 2011
    Messages:
    18,624
    Likes Received:
    20,119
    "60 percent of former NBA players are broke within five years of retirement." -ESPN, the lib sports network
    So whats the moral of this story?
     
  13. Rescued Owl

    Rescued Owl Well-Known Member

    Reputations:
    23,386
    Joined:
    Jan 14, 2014
    Messages:
    10,065
    Likes Received:
    30,337
    Any of his statements could be easily checked out. There's a huge gap between the Forbes estimate of 155 million and his claim of 4.4.
    Either way it sounds like he should be locked up for perjury with that bullshit story.
     
  14. Kool

    Kool Well-Known Member Banned User

    Reputations:
    5,546
    Joined:
    Mar 12, 2012
    Messages:
    10,244
    Likes Received:
    11,308
    He's lying he just doesn't want to pay the settlement against him.
     
  15. DogStar69

    DogStar69 Dawg Shed Artist 2010 OG VIP

    Reputations:
    57,067
    Joined:
    Sep 22, 2010
    Messages:
    35,742
    Likes Received:
    28,163
    He made like a billion from his bottled water or whatever shit drink he had. How great would it be if he ends up in jail for lying to the court about his finances when all he has to do is pay $5 million and keep the rest of his fortune and not do more stupid shit. He's a businessman, a former drug dealer, he's just resorting to his stupidity right now.
     
  16. scoobyla

    scoobyla Well-Known Member

    Reputations:
    19,728
    Joined:
    Oct 29, 2013
    Messages:
    12,939
    Likes Received:
    9,910
    10 cent per record is legit.

    and record companies give large advance money when signed, and limos and hotels and catering etc when touring, but they deduct all those costs from your pay.

    also, u gotta pay to produce your own videos
     
    SalsMasterShake likes this.
  17. ScottBaiosPenis

    ScottBaiosPenis Well-Known Member

    Reputations:
    292
    Joined:
    May 26, 2013
    Messages:
    9,052
    Likes Received:
    15,549
    like most rich ppl the money is likely in a trust or some other asset protection vehicle, so prob not lying when he says he doesnt "have" the money. kinda like when the lehman CEO "sold" his house to his wife for $1.00
     
  18. Calloused Shins

    Calloused Shins Well-Known Member

    Reputations:
    44,280
    Joined:
    Oct 17, 2014
    Messages:
    11,778
    Likes Received:
    19,339
    Funny how his lawyer claims he's worth 4.4 when he owes 5.... Would have been funnier if he claimed he was worth 4.99mil
     
    Nick Manning, Lemmy, smichal and 4 others like this.
  19. wife is a whore

    wife is a whore Dawgshedwiaw@gmail.com VIP

    Reputations:
    261,796
    Joined:
    Jan 15, 2012
    Messages:
    63,209
    Likes Received:
    123,486
    Just like James Brown. Remember when he died and the family locked his new wife out of the house? They then spent days scouring the property looking for his stashes of cash.
     
  20. lastlaugh

    lastlaugh Well-Known Member

    Reputations:
    11,551
    Joined:
    Jan 17, 2012
    Messages:
    7,101
    Likes Received:
    9,084
    He had one good album and that was 12 years ago.
     
    SalsMasterShake and Droog like this.