Financial documents filed by rapper 50 Cent show that he spent $72,000 a month to live in his exquisite mansion in Connecticut, which has a private casino, a basketball court and nine kitchens, according to reports Monday. The reports come as the rapper filed for bankruptcy last month after G-Unit Records and G-Unit Brands, which he co-founded with others, reported a loss of $10.45 million over the last three years.
The “Candy Shop” rapper, whose real name is Curtis James Jackson III, also revealed other information about his expenditure in the documents. He pays child support to Dahpne Joy for their 2-year-old son Sire and would have shelled out $832,600 by the time Sire turned 18, TMZ reported, citing the documents. He reportedly owns $15 million in personal property, excluding houses. The rapper also has $2.7 million in his checking account.
For his 52-room 50,000 square-feet house, the rapper's monthly expenses include $5,000 for gardening, $9,000 for security and $1,500 for pool maintenance, TMZ reported.
The rapper spends $108,000 as monthly expenditure, including $3,000 on clothes and $1,000 on grooming, but still owes money to his barber and trainer, Daily Mail reported. His monthly expenditure to support his grandfather and his two children amounts to $14,600.
The rapper earns $185,000 a month, mainly from royalties and investments, but filed for bankruptcy after a Manhattan court ordered him to pay $7 million in damages to a woman named Lastonia Leviston for posting a sex tape online without her permission, the Associated Press reported.
According to the latest financial documents, 50 Cent owns seven cars, including a Chevy Suburbans and a Rolls Royce, the Daily Mail reported. He reportedly bought the Connecticut mansion for $4.1 million in 2003 from Mike Tyson’s former wife Monica Turner, and spent $6 million in renovating the house. He is the fourth owner of the house -- one of the most affluent residences in the country -- to file for bankruptcy.