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Here's how 50 Cent says his entire ~$25 million fortune vanished

Aug 4, 2015, 22:27 IST

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Curtis Getty Images/Dimitrios Kambouris

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

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Jefferson Siegel/New York Daily News/POOL

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.

The house with the address that Curtis Jackson listed on his bankruptcy filing.Google Street View

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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:

PACER

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.

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See his personal expenses below:

PACER

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.

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