Hip-hop mogul 50 Cent may look like he's living the charmed life, but according to the rapper himself, those charms are akin to cheap costume jewelry.
The "Get Rich or Die Tryin'" star, who filed for bankruptcy last week after he was hit with a $5 million verdict for publishing a sex tape featuring Lastonia Leviston, appeared in court on Tuesday to testify that he's really not as wealthy as his public image would suggest.
The rapper — real name Curtis Jackson — testified in Manhattan Supreme Court that, after posing for pictures with flashy vehicles and accessories, "I take the jewelry and the cars back to the stores," the New York Daily News reports.
Jackson also downplayed his income from record sales, claiming, "I make 10 cents a record," and said that he's only made in the area of $150,000 from each of the first two seasons of the Starz drama "Power," which he executive produces.
50 Cent through the years
50 Cent testifies that his flashy lifestyle is an illusion
Rapper Curtis Jackson aka '50 Cent Rapper' in front of HUMVEE outside Stage 17 at Raleigh Studios in Manhattan Beach where he is shooting music video for Emimem's new label on 12/10/2002. (Photo by Bob Chamberlin/Los Angeles Times via Getty Images)
Actor/Singer Curtis '50 Cent' Jackson arrives at the Premiere Of 'Get Rich Or Die Tryin'' at Grauman's Chinese Theater on November 2, 2005 in Hollywood, California. (Photo by Kevin Winter/Getty Images)
US musician and actor Curtis Jackson also known as 50 Cent performs in Boris Trajkovski hall in Skopje late on March 31, 2010. (Photo by Robert Atanasovski, AFP/Getty Images)
Curtis '50 Cent' Jackson attends 'Escape Plan' New York Premiere at Regal E-Walk on October 15, 2013 in New York City. (Photo by Dave Kotinsky/Getty Images)
Recording artist Curtis '50 Cent' Jackson of the music group G-Unit performs onstage during the 2014 iHeartRadio Music Festival at the MGM Grand Garden Arena on September 20, 2014 in Las Vegas, Nevada. (Photo by Kevin Winter/Getty Images for iHeartMedia)
NEW YORK, NY - JULY 24: Rapper/actor Curtis James Jackson III aka 50 Cent On ABC's 'Good Morning America' at Rumsey Playfield, Central Park on July 24, 2015 in New York City. (Photo by Gilbert Carrasquillo/FilmMagic)
NEW YORK, NY - SEPTEMBER 10: Curtis '50 Cent' Jackson attends Tuesday's Children Roots of Resilience Gala 2015 on September 10, 2015 in New York City. (Photo by Paul Morigi/Getty Images for Tuesday's Children)
NEW YORK, NY - SEPTEMBER 11: Curtis '50 Cent' Jackson attends the annual Charity Day hosted by Cantor Fitzgerald and BGC at Cantor Fitzgerald on September 11, 2015 in New York City. (Photo by Noam Galai/Getty Images for Cantor Fitzgerald)
NEW YORK, NY - SEPTEMBER 30: Rapper Curtis '50 Cent' Jackson III attends JCPenney and Michael Strahan's launch of Collection by Michael Strahan on September 30, 2015 in New York City. (Photo by Bryan Bedder/Getty Images for JCPenney)
LAS VEGAS, NV - OCTOBER 10: Rapper Curtis '50 Cent' Jackson performs at the 10th annual Wine Amplified festival at the Las Vegas Village on October 10, 2015 in Las Vegas, Nevada. (Photo by David Becker/WireImage)
Curtis '50 Cent' Jackson arrives at The Paley Center For Media's Hollywood Tribute to African American Achievements in Television on October 26, 2015 in Beverly Hills, California. AFP PHOTO / FREDERIC J. BROWN (Photo credit should read FREDERIC J. BROWN/AFP/Getty Images)
ATLANTIC CITY, NJ - OCTOBER 31: 50 Cent attends at The Pool After Dark at Harrah's Resort on October 31, 2015 in Atlantic City, New Jersey. (Photo by Shareif Ziyadat/Getty Images)
GLASGOW, SCOTLAND - NOVEMBER 04: 50 Cent performs at The SSE Hydro on November 4, 2015 in Glasgow, Scotland. (Photo by Ross Gilmore/Redferns)
Discover More Like This
BACK TO SLIDE
Jackson's lawyer, meanwhile, put his client's worth at $4.4 million, prior to the $5 million award levied against him, while Leviston's lawyer contended that the rapper is worth much more than that.
Last week, Leviston was granted a motion for relief from the automatic stay that the case would have been placed under as part of the Bankruptcy Code. A jury can now go forward to determine whether punitive damages can be assessed against the hip-hop mogul.
During his testimony, Jackson also expressed concern that his Chapter 11 bankruptcy could negatively affect his brand, claiming, "Now that I filed for bankruptcy, I'm not as cool as I was last week," he said.
According to a story published by Forbes in May, 50 Cent's estimated net worth was $155 million.