Friday, January 13, 2017

50 Cent Finally pays off $23 MILLION debt, Thanks from Simpsons royalties

50 cent finally agreed to a $23 million deal to repay his massive debt. And while 50 Cent is in fact making money again, essentially all of his income is going straight to his creditors.



According to TMZ, the 41-year-old Candy Shop rapper's November bank statement revealed his current sources of income, as well as where the money is ending up.

For that month, the bankrupted musician pulled in a total of $113,103.56.

The most unique line item was no doubt his royalty check for a 2004 cameo on animated hit The Simpsons.

Fleeting funds: While 50 Cent, 41, is in fact making money again, essentially all of his income is going straight to his creditors

In that brief performance, the hip hop artist played himself, and invited Bart on his world tour, before giving him a lecture about staying in school


Fiddy took home a whopping $16.68 in residuals for the month of November for his work on the episode.

Star power: The most unique line item was no doubt his royalty check for a 2004 cameo on animated hit The Simpsons

The rest of the money originated from slightly more standard sources, such as a music royalty check which accounted for $33,361.02.


Unfortunately, his record label G-Unit Records only managed to clear $769.34 for the month.
And while his income streams aren't especially lucrative, he has many payments to dole out.


Family obligation: Ex Daphne Joy, with whom he shares four-year-old Sire Jackson, received $1,267 (family pictured together in March 2015)
Family obligation: Ex Daphne Joy, with whom he shares four-year-old Sire Jackson, received $1,267 (family pictured together in March 2015)


Settlement: Baby momma Shaniqua Tompkins, with whom he had Marquise Jackson, 19, was entitled to $7,497
Settlement: Baby momma Shaniqua Tompkins, with whom he had Marquise Jackson, 19, was entitled to $7,497


Ex Daphne Joy, with whom he shares four-year-old Sire Jackson, received $1,267, while baby momma Shaniqua Tompkins, with whom he had Marquise Jackson, 19, was entitled to $7,497.
Of course, as he's 50 Cent, he still does need to maintain his lavish appearance, which may explain the $5,744.75 toward a Bentley, which may be a lease payment.

He also made a $17,917.81 mortgage payment to Suntrust bank, to whom he originally owed over $4.9 million.


Humble home: He also made a $17,917.81 mortgage payment to Suntrust bank, to whom he originally owed over $4.9 million


50 Cent Finally pays off $23 MILLION debt, Thanks from Simpsons royalties

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