Will Bankrupt 50 Cent Have to Sell His Car Collection?

Photo: Spencer Lowell.

Rapper Curtis James Jackson III, better known as 50 cent, has filed for chapter 11 bankruptcy protection, reports the Wall Street Journal.

The rapper’s bankruptcy filing came on the heels of a jury verdict in a lawsuit with Lastonia Leviston, for which the rapper was ordered to pay Leviston $5 million for intentionally leaking a sex tape of her.

The former drug dealer-turned-musician, whose claim to fame was his 2003 platinum album Get Rich or Die Tryin’, has since become a bona fide businessman. Over the past few years, he’s invested his greenbacks in a variety of projects including a headphone company, record company, vodka brand, and his most lucrative venture to date, Vitamin Water.

Photo: Spencer Lowell.

Photo: Spencer Lowell.

As a minority shareholder, the rapper raked in a reported $100 million when the company was sold to Coca-Cola in 2007, and his net worth was valued at $155 million in May. Just days ago, the New York Times did a profile of the entrepreneur, describing him as having “exceptional business instincts.”

But where else did the native New Yorker park his money? Well, in an expensive car collection. According to Forbes, the rapper has quite the flashy stockpile, which boasts a Rolls-Royce Phantom, two Chevrolet Suburbans, that have bombproof undercarriages, a cobalt blue Lamborghini Murielago, a Ferrari convertible, a Bentley Mulsanne, and a Yamaha YZR-R1 motorcycle. Jackson also seems to have a fascination with the color blue.

artnet News reported that cars have overtaken art as an investment class, but that mostly pertains to vintage collectibles, we’re guessing the tricked out bulletproof Suburbans won’t be hitting any auction block soon.

Photo: Spencer Lowell.

Photo: Spencer Lowell.


Follow Artnet News on Facebook:


Want to stay ahead of the art world? Subscribe to our newsletter to get the breaking news, eye-opening interviews, and incisive critical takes that drive the conversation forward.
Article topics

artnet and our partners use cookies to provide features on our sites and applications to improve your online experience, including for analysis of site usage, traffic measurement, and for advertising and content management. See our Privacy Policy for more information about cookies. By continuing to use our sites and applications, you agree to our use of cookies.

Subscribe or log in to read the rest of this content.

You are currently logged into this Artnet News Pro account on another device. Please log off from any other devices, and then reload this page continue. To find out if you are eligible for an Artnet News Pro group subscription, please contact [email protected]. Standard subscriptions can be purchased on the subscription page.

Log In