Method Man tells host Andy Cohen: "No, he's not broke. No... It's just tactics.''
Rapper Method Man, who's a good friend to 50 Cent thinks the rapper is just lying about being broke. He calls it a 'tactic'.
Method Man showed up on Thursday's Watch What Happens Live and didn't hold back saying what he really felt about 50 Cent, who is claiming that he's on his bankrupt.
When asked about the 40-year-old rappers finances, Method Man told host Andy Cohen: "No, he's not broke. No". His explanation for 50 Cent filing bankruptcy: "Tactics.
"Yeah, he's being sued by a lot of people and he’s protecting his bank," Method Man explained. "Ain't nothin' wrong with that."
On July 13, the 'In Da Club' rapper filed for chapter 11 bankruptcy in Hartford, Connecticut, reporting assets and debts between $10 million and $50 million, according to court documents.
The filing came just days after 50 Cent, whose legal name is Curtis James Jackson III, was ordered to pay $5 million to a woman (Rick Ross's alleged girlfriend) who sued him after he allegedly acquired a sex tape of her and her boyfriend, and then shared it online without her consent.
"I'm not panicking. People love tragedy more than they love good news, no matter how you look at it. The news comes on, and it's 90 percent tragedy. I have faith in the court systems." Fiddy told ET's Kevin Frazier.
Funny enough, in May, Forbes estimated 50 Cent's net worth at $155 million, thanks in large part to a minority stake in VitaminWater, putting him in the top 5 wealthiest hip-hop artists. As a shareholder of the brand, 50 Cent made an estimated $100 million after taxes when it was sold to Coco-Cola in 2007.