The New York rapper was forced to explain the Instagram posts in court after an order by Judge Ann Nevins.
He filed a written declaration on Tuesday, declaring that the cash was prop money used for photo shoots, and claimed that he was just trying to maintain his ‘brand.’
“Hip-hop culture is widely recognized as aspirational in nature,” the declaration read. “The standard by which artists and fans engage is commonly tied to money, jewelry, products and advertising over social media.
“Products and brands are now marketed through social media as an effective way to engage with consumers.
“Just because I am sensitive to the needs of maintaining my brand does not mean that I am hiding assets or that I have lied on my filings in this Bankruptcy Case, neither of which is true.”
This is a surprising admission from 50, who actually lay in a bed with stacks of cash last year.
He began posting pictures of money as a response to Rick Ross calling him broke during an interview last year.
50 will now have to prove to the judge that the money in the Instagram posts were indeed fake – and that he’s also not hiding any money from the court.
The rapper is currently in the middle of a bankruptcy trial, where he has been forced to declare his assets and funds to the court.