50 Cent just filed for bankruptcy - The Strut

50 Cent just filed for bankruptcy

Get rich or file for bankruptcy…

According to the Wall Street Journal, 50 Cent just filed for bankruptcy:

Curtis James Jackson III, the rapper better known as 50 Cent, filed for chapter 11 bankruptcy protection Monday.

In court papers filed in the U.S. Bankruptcy Court in Hartford, Conn., Mr. Jackson reported assets and debts each in the range of $10 million to $50 million.

The attorney listed on the bankruptcy petition couldn’t immediately be reached for comment Monday.

The filing comes days after a jury directed Mr. Jackson to pay $5 million to a woman who sued over a sex tape, the Associated Press reported.

Even if he has to pay out for that sex tape lawsuit, this is kind of confusing as 50 Cent was reported to have a net worth of 155 Million by Forbes this year.

50 what’s going on?

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