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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 January 8 – 14, 2025

The printed Weekly Edition of the Oakland Post: Week of January 8 – 14, 2025

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2024 in Review: 7 Questions for California Black Chamber of Commerce CEO Jay King

Jay King is also a member of the popular 1980s R&B group Club Nouveau. In his role as an artist and activist, he has stood up for issues affecting underrepresented Californians for over three decades. As the President of the CBCC, King says he is determined to put his mark on developing and expanding the capacity of African American businessmen and women. 

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Jay King, president of CEO of the California Black Chamber of Commerce.
Jay King, president of CEO of the California Black Chamber of Commerce.

By Edward Henderson, California Black Media  

Grammy Award-winning singer and record label executive, Jay King, was elected CEO/President of the California Black Chamber of Commerce (CBCC) in June of 2019.

The CBCC is the largest African American non-profit business organization, representing thousands of small and emerging businesses, affiliates, and chambers of commerce throughout California.

King is also a member of the popular 1980s R&B group Club Nouveau. In his role as an artist and activist, he has stood up for issues affecting underrepresented Californians for over three decades.

As the President of the CBCC, King says he is determined to put his mark on developing and expanding the capacity of African American businessmen and women.

California Black Media (CBM) spoke with King recently. He reflected on the Chamber’s accomplishments, disappointments, lessons learned this year, and goals moving forward.

Looking back at 2024, what stands out as your most important achievement and why? 

Making the voices of micro and mini-micro businesses loud, forcing policymakers and other decision makers across the state to pay attention to them. With legislation in place now — AB 1574 and AB 2019 – that mandates that the state and agencies affiliated with the state extend opportunities to micro and mini business owners and give them a chance to participate in government contracting in a real way.

How did your leadership and investments contribute to improving the lives of Black Californians? 

I really want to contribute to the world and the state of Black businesses because of the systemic inequities in the past.

Small business, micro businesses and mini businesses are too often overlooked.

I think it would be egotistical to believe that I make any significant impact on my own. Whether it’s the Asian Chamber, Hispanic Chamber and other organizations that are fighting the same fight. I think it’s a collective, so I’m proud to be part of the collective.

What frustrated you the most over the last year?

We say we want to give access to capital to small businesses, yet we continue to create barriers that deny them access.

What inspired you the most over the last year?

Watching some of the small business owners that we worked with — these micro businesses — and seeing the potential and the power that is in front of us.

What is one lesson you learned in 2024 that will inform your decision-making next year?

We have to fight for Black business owners, but they also have to be prepared; because if they’re not, it affects us all down the line.

In one word, what is the biggest challenge Black Californians face?

Self-belief. I think we have been conditioned on victimization and victimhood. We think that if we don’t get the help we need that we will falter.

What is the goal you want to achieve most in 2025?

I want to change the trajectory of micro and mini business owners.

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Tina Thompson: Champion, Legend, and Pioneer of Women’s Basketball

Known for her signature red lipstick, Thompson displayed confidence and style on the court, becoming an icon both for her gameplay and her individuality. Her ability to score from anywhere on the floor, combined with her defensive prowess, made her one of the league’s most formidable players.

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Tina Thompson at 2013 WNBA All-Star game at Mohegan Sun. 27 July 2013. Photo: Danny Karwaski/Wikimedia Commons.
Tina Thompson at 2013 WNBA All-Star game at Mohegan Sun. 27 July 2013. Photo: Danny Karwaski/Wikimedia Commons.

By Tamara Shiloh

The establishment of the Women’s National Basketball Association (WNBA) in 1996 was a turning point for women’s sports, creating a professional platform for female basketball players to showcase their skills at the highest level. Among the trailblazers who helped launch the league, Tina Thompson stands out as the first African American woman drafted into the WNBA.

Tina Thompson was born on February 10, 1975, in Los Angeles, California. Raised in a basketball-loving household, she quickly developed a passion for the game. Thompson improved her skills on the playgrounds of South Central Los Angeles, often playing against boys, which toughened her game and fueled her competitive edge.

She attended the University of Southern California (USC), where she became a standout player for the Trojans. Known for her versatility, scoring ability, and relentless work ethic, she earned All-Pac-10 honors multiple times and cemented her reputation as one of the top collegiate players in the nation.

When the WNBA held its first-ever draft on April 28, 1997, Tina Thompson made history as the league’s first African American player to be drafted. Selected as the first overall pick by the Houston Comets, she joined a team that would go on to dominate the early years of the WNBA.

Tina’s selection was a historic moment, symbolizing the league’s commitment to showcasing diverse talent. As a Black woman in a pioneering role, Thompson carried the hopes of aspiring African American female athletes who dreamed of playing professional basketball.

Tina wasted no time making an impact in the WNBA. As a key member of the Houston Comets alongside legends Cynthia Cooper and Sheryl Swoopes, she helped lead the team to an unprecedented four consecutive championships from 1997 to 2000. The Comets’ dynasty became the gold standard for excellence in the league’s early years.

Known for her signature red lipstick, Thompson displayed confidence and style on the court, becoming an icon both for her gameplay and her individuality. Her ability to score from anywhere on the floor, combined with her defensive prowess, made her one of the league’s most formidable players.

Over a career spanning 17 seasons, Tina established herself as one of the WNBA’s all-time greats. She retired as the league’s leading scorer, a record she held until it was broken by Diana Taurasi. She was a nine-time WNBA All-Star and was named to multiple All-WNBA teams, cementing her status as one of the sport’s legends.

In 2018, Thompson’s contributions to basketball were recognized with her induction into the Naismith Memorial Basketball Hall of Fame. The honor underscored her influence not just as a player, but as a trailblazer for African American women in sports.

After retiring from professional basketball, she transitioned into coaching, using her experience and knowledge to mentor young athletes. She has served as a head coach at the collegiate level, inspiring the next generation of players to pursue excellence both on and off the court.

As a role model and advocate, Thompson has consistently emphasized the importance of education, empowerment, and self-belief. Her story resonates with countless young women who see in her the embodiment of perseverance and success.

Tina Thompson is presently in her third season as an assistant coach at the University of Texas at Austin.

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