LITERALLY WORTH ONLY 50 CENTS â€“ RAPPER 50 Cent Files for Bankruptcy
50 Cent has filed for chapter 11 bankruptcy protection on
Monday, July 13, according to the Wall Street Journal.
According to court documents filed in the U.S.
Bankruptcy in Hartford Connecticut, Curtis Jacksonâ€™s
â€œdebts are primarily consumer debts.â€ The rapper
reported assets and liabilities ranging from $10-$50
50 Centâ€™s Boxing Promotions Company Files for
The filing comes close to two months after 50 Centâ€™s
boxing promotions company, SMS Promotions, filed for
â€œrelief under chapter 11 of the Bankruptcy code.â€
50 Cent Ordered to Pay $5 Million to Woman Who Sued
Over Sex Tape
On Friday, July 10, a jury ordered 50 Cent to pay $5
million to Lastonia Leviston who claims the rapper
acquired a sex tape she made with her boyfriend at the
time, which he used in a 2009 13-minute video featuring
him as commentator, Pimpinâ€™ Curly, taunting Leviston and
Rick Ross. Leviston and Ross have a daughter together.
Representatives for 50 Cent informed Billboard they
would share more information momentarily.
Please LOGIN or REGISTER To Gain Full Access To This Article