Rapper, 50 Cent has filed for chapter 11 bankruptcy protection today, Monday 13 July, according to reports.
According to a report on
Wall Street Journal, G-Unit Records boss, 50 Cent has filed for chapter 11 bankruptcy protection today, Monday 13th July. In the court papers filed in the U.S Bankruptcy Court in Hartford, Conn., Curtis ’50 Cent’ Jackson says his assets are valued between $10 and $50 million but his liabilities are also between the same range.
The rapper filed for bankruptcy 3 days after Rick Ross' baby mama won a $5 million jury verdict against him. The jury had awarded Lavonia Leviston the $5 mil after determining the rapper intentionally leaked a sex tape in which she was featured, in order to embarrass Ross.
On top of that, 50 lost a court case in which a jury socked him with a $17.2 million judgment over ripping off a headphones design. It's a breathtaking fall...Lol! in May, Forbes estimated 50's net worth at $155 million.
After the story broke out online, Twitter couldn’t help but fall out the jokes, check on it all below;