He filed for bankruptcy in 2015 and after a long two-year case his legal woes were discharged in February after he paid back more than $22 million.
Now showcasing that his finances are back on track, 50 Cent displayed his latest extravagant purchase, a custom Rolls-Royce Phantom Drophead Coupé while cruising around New York City on Tuesday.
The 41-year-old rapper – who had previously cited debts of $36 million and assets of less than $20 million in 2015 – beamed as he slowly drove his luxury vehicle which ranges from a base price $460,000 to $588,000, according to Guide Auto Web.
The In Da Club rapper – who burst onto the music scene in 2003 with his debut album Get Rich or Die Tryin’ – flaunted his enviable car with custom oil slick-inspired paintwork around the city, while sporting an eye-catching red baseball cap and black tee.
His striking new ride – which is inspired by 1930s yacht design – boasts cream leather interior with bespoke wood veneer and contrasting RR monograms on the headrests.
On the exterior contrasting the iridescent-coloured body, matte silver paint was applied to hood, windshield and grille surround, which added to the other custom work would cost at least another $100,000, according to Car And Auto.
To order the car with bespoke interior changes reportedly costs $3400 alone while costs can quickly add up with seven-spoke 21-inch wheels at $9875.
Drive on! The 41-year-old rapper – who had previously cited debts of $36 million and assets of less than $20 million in 2015 – beamed as he slowly drove his luxury vehicle which ranges from a base price $460,000 to $588,000, according to Guide Auto Web
Luxury: The In Da Club rapper – who burst onto the music scene in 2003 with his debut album Get Rich or Die Tryin’ – flaunted his enviable car with custom oil slick-inspired paintwork around the city, while sporting an eye-catching red baseball cap and black tee
His extravagant display in the Big Apple comes six months after a hearing in Hartford, Connecticut in February when Judge Ann Nevins discharged his bankruptcy case after he paid back more than $22 million.
The rapper, whose real name is Curtis James Jackson III, filed for bankruptcy in 2015, citing debts of $36 million and assets of less than $20 million.
Judge Nevins approved a plan in July last year for the Power actor to pay back about $23 million to creditors.
The music star’s lawyers said he paid off the five-year plan early 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.
Bespoke: His striking new ride – which is inspired by 1930s yacht design – boasts cream leather interior with bespoke wood veneer and contrasting RR monograms on the headrests
Striking: On the exterior contrasting the iridescent-coloured body, matte silver paint was applied to hood, windshield and grille surround, which added to the other custom work would cost at least another $100,000, according to Car And Auto
In March last year, Judge Nevins demanded that he explain several Instagram posts that showed the rapper surrounded by stacks of cash.
The judge told the rapper’s lawyer the photographs made her concerned about allegations 50 Cent wasn’t being truthful about his finances.
The rapper declared the bank notes he flaunted on Instagram were actually fake.
Under the bankruptcy payment plan, it was agreed that he would pay $6million to Lavonia Leviston, who successfully sued him over a 𝓈ℯ𝓍 tape he shared online.
Get Rich: To order the car with bespoke interior changes reportedly costs $3400 alone while costs can quickly add up with seven-spoke 21-inch wheels at $9875
It was revealed earlier this week that 50 Cent is now suing his former lawyers in a $32million lawsuit after losing the case.
Apart from his bankruptcy woes, 50 Cent’s Connecticut mansion was swarmed with cops in May after a burglar forced his way onto the 17 acre property.
The break-in left the rapper more amused than upset, however, sharing online that he didn’t even know he still owned the multi-million dollar home.
The New York native took to Instagram to post about the incident, writing, ‘What my house got robbed, I thought I sold that MF. LOL,’ after the story first made news on TMZ.
Treating himself: His extravagant display in the Big Apple comes six months after a hearing in Hartford, Connecticut in February when Judge Ann Nevins discharged his bankruptcy case after he paid back more than $22 million
Moving on: The rapper, whose real name is Curtis James Jackson III, filed for bankruptcy in 2015, citing debts of $36 million and assets of less than $20 million
Although the G-Unit frontman was not at the property at the time of the incident, his confusion over whether he still own the home was understandable after he reportedly sold it to a developer in 2016 who planned on turning the 52-room mansion into an assisted living home.
The reports suggests that sale fell through, as the previously-bankrupted Candy Shop hitmaker is still responsible for the luxe New England property.
According to online publication, authorities were contacted on May 9th after the rapper’s security alarm noticed an entry alarm went off.
Cash: In March last year, Judge Nevins demanded that he explain several Instagram posts that showed the rapper surrounded by stacks of cash
Hitting back: The judge told the rapper’s lawyer the photographs made her concerned about allegations 50 Cent wasn’t being truthful about his finances. The rapper declared the bank notes he flaunted on Instagram were actually fake
After a brief manhunt, suspect Elwin Joyce of Windsor, Connecticut was detained by the Farmington, Connecticut Police Department.
Joyce was later charged with 2nd degree burglary, trespassing, criminal mischief and attempted larceny.
Fifty first tried to offload the multi-million dollar home after filing for bankruptcy in 2015.
Woes: Apart from his bankruptcy woes, 50 Cent’s Connecticut mansion was swarmed with cops in May after a burglar forced his way onto the 17 acre property
At the time, legal proceedings revealed that the estate was practically bleeding the artist of money – reportedly costing around $72k per month to care for.
The Get Rich Or Die Tryin’ talent first bought the home from boxer Mike Tyson for $4.1 million at the height of his fame in 2003.
He then spent over $6million renovating the home’s gym, racquetball courts, and equipping the onsite ‘disco room’ with stripper poles.
Amused: The break-in left the rapper more amused than upset, however, sharing online that he didn’t even know he still owned the multi-million dollar home
