Rapper 50 Cent Files for Bankruptcy

Published on Jul 13,2015
by admin
50 Cent, who has been one of the most successful businessmen in the music industry for years, has filed for chapter 11 bankruptcy, according to court documents obtained by Wall Street Journal. In the documents, 50 reported that his current assets and debts were in the vicinity of $10 million to $50 million in total. Over the weekend, 50 was ordered by a judge to pay $5 million in a leaked sex tape lawsuit, after the mother of Rick Ross' child sued 50 for leaking her sex tape years ago.
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