50 Cent spotted in a new $588,000-worth Rolls-Royce in New York after paying $22-million debt
Back in 2015, famous rapper and actor 50 Cent hit headlines after he filed for bankruptcy and it was only this year he was completely discharged of all his legal troubles, having paid back around $22 million in debt.
– Quite recently, in order to let everyone know that things are going pretty well again in his life, 50 Cent was spotted flashily cruising in downtown New York in a custom Rolls-Royce Phantom Drophead Coupé.
– The 41-year-old showman totally enjoyed himself as he proudly looked back at the stunned passers by.
The vehicle he was driving reportedly costs from $460,000 to $588,000. It seems, life has got back on track for the In Da Club hit-maker after several financially critical years and he eagerly wants to display the spell of good luck he has come under at last.
It seems, life has got back on track for the In Da Club hit-maker after several financially critical years and he eagerly wants to display the spell of good luck he has come under at last.
Two years ago, Curtis James Jackson III, well known to public by his stage name 50 Cent, officially announced that he was filing for bankruptcy, citing debts of $36 million and assets of less than $20 million.
According to Dailymail.co.uk, the rapper was given a five-year plan to pay back no less than $23 million to his creditors.
The rapper’s lawyers claim that 50 Cent managed to completely pay off the plan with $8.7 million of his own money and $13.65 million he received in a recent settlement of a legal malpractice lawsuit against other attorneys.
In early 2016, Judge Nevins demanded that 50 Cent give explanation of recent Instagram snaps, showing the superstar with stacks of cash.
Obviously, the boastful images made the judge cast doubt on the rapper’s claims that he was totally broke.
50 Cent relied that the bank notes he was photographed with were all fake!
Under the bankruptcy payment plan, it was agreed that he would pay $6million to Lavonia Leviston, who successfully sued him over a s*x tape he shared online. naij
