In the world of social media, there are many fakers. And we’ve recently found out that even big name celebrities like 50 Cent, aka Curtis Jackson, will make shit up to make themselves seem more wealthy than they are.
Well it’s all come to bite him in the butt. The testimony from his trial shows that 50 Cent actually faked his wealth, and this is how he did it.
1) He borrows expensive jewelry to show off on social media
50 Cent has many pictures of his bling. One of the most notable was a 65-karat Cartier ring that he posted on Instagram.
During his testimony he was asked about the ring and he claimed that he didn’t have any recollection of it. After being shown his Instagram photo he later admitted that it was a borrowed piece of jewelry.
This watch below isn’t his either.
According to 50 Cent’s testimony, he does own 3 or 4 watches but they aren’t expensive big name watches. He also explained the reasoning behind why he posted certain things on his Instagram:
“People only follow things that they think is the next level. They say action and you see all these fancy cars, and when they say cut everything goes back to the dealership.”
2) He lied about a $1.6 million bet on Mayweather / Pacquaio
On March 3, 2015, 50 Cent went on “The Breakfast Club” radio show in New York and said he placed a $1.6 million bet that Floyd Mayweather would win the fight against Manny Pacquaio.
Well in his testimony he told the judge that the bet was never placed. The full transcript is reproduced below.
Lawyer: Is it correct, sir, that you publicly stated — and you said it on Conan O’Brien the other night — that you bet 1.6 million dollars on Floyd Mayweather to win the fight that took place in early May?
Lawyer: You said you won that bet?
Lawyer: You won one million dollars?
Jackson: No, I didn’t say that.
Lawyer: You didn’t say that on the Conan show?
Lawyer: Okay. So what did you win on that bet?
Jackson: I didn’t win anything on that.
Jackson: I didn’t win anything on that, actually.
Lawyer: Did you make the bet?
Lawyer: You never made the bet?
It’s too bad he didn’t make that bet, because if he did he might actually have a little more money.
3) He rents fancy cars
Forbes magazine was given a tour of 50 Cent’s car collection. The vehicles were all painted blue, and included a Range Rover, a Lamborghini Murcielago, a Bentley Mulsanne, and a Yamaha motorcycle.
Lawyer: Have you filmed yourself showing all your cars or showing a lot of cars that you now say aren’t yours, but have you made films showing off all the cars that you own?
Jackson: You mean like MTV “Cribs,” maybe.
Lawyer: I mean like you standing in front of a camera saying this is my Lamborghini and this is my Rolls and this is my Ferrari?
Jackson: I did it once.
Lawyer: You did that?
Lawyer: Ferrari, Lamborghini, Rolls, Chevy Blazer or Suburbans, I’m sorry, they were specially equipped and cost a few hundred thousand dollars each?
Lawyer: You did all that and said those cars were yours?
Jackson: Yes. At that time, those cars were rented.
4) He recycled his gold chains & cars
By recycle, he means he took his gold chains back to the jeweler who then transforms them into new pieces of jewelry.
What I do is take the jewelry back to the jeweler and they redo the jewelry with the same gold from the last thing. During album cycles I change, so you’ll see a whole lot of stuff. But I take it back and have them change it into new stuff.
With his vehicles he would return cars back to the dealership in order to get new cars.
50 Cent says the story wasn’t exactly presented correctly.
Lawyer: It is a false story in the sense it never happened?
Jackson: No, I got the car. But I took two cars that I had back [to the dealer].
Lawyer: So the story that came out, you know the story, which is you just decided you just had to get a Rolls Royce and you bought one —
Jackson: That is the guy’s interpretation of it.
Source: Business Insider