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50 Cent bankruptcy filings reveal $8M shortfall

You may know him as 50 Cent, but he spends 10,000 times that a month on gardening.

Curtis James Jackson III, the rapper better known as 50 Cent, filed new bankruptcy documents on Monday giving a deeper look into the state of his finances.

Documents filed in Connecticut Bankruptcy Court showed Jackson claims total assets of $24.8 million and liabilities of more than $32.5 million, constituting a nearly $8 million shortfall for the rapper who was recently ordered to pay $7 million in damages to a woman who sued over a sex tape that was posted without her permission.

Curtis '50 Cent' Jackson
Getty Images
Curtis '50 Cent' Jackson

The filing also reveals a more detailed snapshot of Jackson's finances, including the $5,000 the rapper spends monthly on gardening and his net monthly income of $76,000. (Tweet This)

Jackson also revealed costs of over $12,000 a month in child support, and an average of $1,000 per month in personal grooming.

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The rapper, who survived being shot point-blank nine times, also lists $9,000 a month in security and protection spending.

Jackson listed automobile assets of over $500,000, including a 1966 Chevrolet Coupe and a 2013 Suzuki Kizashi Sport. A previous filing revealed he leased a Bentley Mulsanne for more than $135,000.

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Jackson's brokerage accounts with Credit Suisse, Merrill Lynch, and Goldman Sachs totaled more than $7 million.

Jackson has another bankruptcy hearing scheduled for late August.