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50 Cent Testifies About His Finances in Sex-Tape Lawsuit

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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. (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. (Jefferson Siegel/New York Daily News/POOL)

JAKE PEARSON, Associated Press

NEW YORK (AP) — Rapper 50 Cent, ranked by Forbes as one of hip-hop’s five richest artists, downplayed his wealth on Tuesday as he testified in court about his finances, business deals and the media attention surrounding his recent bankruptcy filing.

The multiplatinum-selling artist, born Curtis Jackson III, appeared in Manhattan state Supreme Court in a proceeding to decide possible additional punitive damages in an invasion-of-privacy lawsuit. A jury has already ordered him to pay $5 million in damages in a lawsuit brought by a woman who said he didn’t have her permission when he released a sex tape she made with a boyfriend.

Questioned by an attorney for the woman, Lastonia Leviston, the musician-actor denied owning many luxury items — including expensive cars and flashy jewelry — saying he rents, borrows and leases instead.

“It’s a borrowed piece of jewelry from the jeweler,” he told Leviston’s lawyer, Philip Freidin, when asked about a photo of a 65-karat ring he posted on his Instagram account.

Leviston sued the “Get Rich or Die Tryin'” rapper after a 13-minute video appeared online showing a wig-wearing 50 Cent crudely narrating and taunting his rival Rick Ross, who was not in the video but has a daughter with Leviston. At the time the video surfaced, Ross and 50 Cent were trading barbs via video, lyrics and interviews.

Jackson has said Leviston’s then-boyfriend gave him the 2008 tape and that, while he didn’t actually post it online, the boyfriend said she didn’t mind if he did.

“I’m sorry if you feel like I hurt you,” he told Leviston, who was sitting in the gallery.

Days after the jury ordered he pay $5 million, Jackson filed for personal bankruptcy protection in Connecticut. That filing lists his assets and liabilities between $10 million and $50 million.

On Tuesday, his lawyer, James Renard, said he was worth $4.4 million.

Under questioning from Freidin, Jackson said he has been paid as much as $100,000 for appearing at a nightclub and in the movie “Spy.” But he was less revealing about how much he earned from various partnerships, licensing agreements and business deals with larger corporations such as The Walt Disney Co., Intel and Reebok.

“You have to ask my accountant,” he said when asked whether he earned $100 million when vitaminwater was purchased by The Coca-Cola Co. in 2007.

The 40-year-old said he’d never done anything to deny Forbes’ valuation of his net-worth at $155 million.

Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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Oakland Post: Week of May 28 – June 30, 2025

The printed Weekly Edition of the Oakland Post: Week of May 28 – June 3, 2025

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Oakland Post: Week of May 21 – 27, 2025

The printed Weekly Edition of the Oakland Post: Week of May 21 – 27, 2025

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Gov. Newsom Highlights Record-Breaking Tourism Revenue, Warns of Economic Threats from Federal Policies

“California dominates as a premier destination for travelers throughout the nation and around the globe,” said Newsom. “With diverse landscapes, top-rate attractions, and welcoming communities, California welcomes millions of visitors every year. We also recognize that our state’s progress is threatened by the economic impacts of this federal administration, and are committed to working to protect jobs and ensure all Californians benefit from a thriving tourism industry.”

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By Bo Tefu, California Black Media

Last week, Gov. Gavin Newsom, along with the nonprofit organization Visit California, announced that tourism spending in California reached a record $157.3 billion in 2024, reinforcing the state’s status as the top travel destination in the United States.

The Governor made the announcement May 5, referencing Visit California’s 2024 Economic Impact Report, which highlights a 3% increase in tourism revenue over the previous year.

According to the report, California’s tourism sector supported 1.2 million jobs, generated $12.6 billion in state and local tax revenues, and created 24,000 new jobs in 2024.

“California dominates as a premier destination for travelers throughout the nation and around the globe,” said Newsom. “With diverse landscapes, top-rate attractions, and welcoming communities, California welcomes millions of visitors every year. We also recognize that our state’s progress is threatened by the economic impacts of this federal administration, and are committed to working to protect jobs and ensure all Californians benefit from a thriving tourism industry.”

Despite the gains in tourism revenue, Visit California’s revised 2025 forecast points to a 1% decline in total visitation and a 9.2% decrease in international travel. The downturn is attributed to federal economic policy and what officials are calling an impending “Trump Slump,” caused by waning global interest in traveling to the United States.

To offset projected losses, the Governor is encouraging Californians to continue traveling within the state and has launched a new campaign aimed at Canadian travelers.

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