50 Cent testifies his lifestyle is an illusion: 'I take the jewelry and cars back to the stores'

Advertisement

50 cent court

Jefferson Siegel/New York Daily News/POOL

Curtis Jackson, aka 50 Cent, appears in Manhattan Supreme Court on Tuesday, July 21, 2015 in New York to testify in a lawsuit about a sex tape he allegedly posted online.

After filing for bankruptcy last week, 50 Cent, whose real name is Curtis Jackson, appeared in a Manhattan Supreme Court on Tuesday morning to testify that he is not as wealthy as his flashy lifestyle makes him appear to be.

Advertisement

While Forbes estimated the rapper's fortune to be around $155 million in May, Jackson's lawyer stated in court Tuesday that his client's worth is actually around $4.4 million - which presents a problem after he was hit last week with a $5 million verdict for publishing a sex tape starring his rival Rick Ross' ex-girlfriend.

Jackson explained in court that while his social media accounts may be filled with flashy photos, "I take the jewelry and the cars back to the stores," according to the New York Daily News.

50 cent instagram

instagram.com/50cent

When the judge asked the rapper about his 38 million in record sales, Jasckon explained, "I make ten cents a record."

Jackson also said he made just $100,000 for the two movies he's currently in, "Spy" and "Southpaw." For his current role on Starz's hit series "Power," which he also executive produces, Jackson said he's only pocketed about $150,000 from each of its first two seasons.

Advertisement

50cent starz power bankrupt 2

Starz

50 Cent on season 1 of Starz's "Power."

Despite the filing, Jackson did admit that he recently threw cash around at a Florida strip club and bought a Rolls Royce on July 4th, but said "I took two others back" in order to buy it, according to the NYDN.

50 cent court

Jefferson Siegel/New York Daily News/POOL

During his testimony, Jackson also said he was worried that his "brand" had been tarnished since the bankruptcy filing last week, saying, "Now that I filed for bankruptcy, I'm not as cool as I was last week."

Jackson did manage to say a minor apology to Lastonia Leviston, who was awarded $5 million after he allegedly published a sex tape on which she is featured without her consent: "I'm sorry if you feel like I hurt you."

50 cent court

Jefferson Siegel/New York Daily News/POOL

50 Cent arrives in court on Tuesday.

Since the bankruptcy filing last week, 50 Cent has been vocal about trying to get out of paying Leviston.

"I need protection," 50 Cent explained while appearing on TBS' "Conan." "You get a bull's-eye painted on your back when you're successful, and it's public. You become the ideal person for lawsuits."

Advertisement

NOW WATCH: This is how rapper 50 Cent made millions and then lost it