50 Cent Doesn’t Even Have That, Files For Bankruptcy
Following a recent lawsuit, rapper 50 Cent (real name Curtis James Jackson III) has filed for chapter 11 bankruptcy.
Let the money related humor commence!
According to the paperwork filed today (July 13), both his assets and debts total between $10 and $50 million.
The 40-year-old filed the docs the same day he was due in court to determine punitive damages owed in a lawsuit with rapper Rick Ross’s ex Lastonia Leviston.
Leviston’s suit alleged that 50 violated her privacy when he posted a sex tape of she and Ross online to embarrass the rapper. A jury awarded her $5 million.
50 also lost a lawsuit last year (which ended with a $17.2 million judgement) for stealing a headphone design.
The rapper’s net worth was estimated to be $155 million back in May.