From Multi-Millionaire To Being Broke? The Shocking Story Of 50 Cents

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50871059 Rapper Curtis '50 Cent' Jackson speaks at the launch of his headphone range from SMS audio at the 52nd edition of the 'IFA' trade fair in Berlin on August 30, 2012. Rapper Curtis '50 Cent' Jackson speaks at the launch of his headphone range from SMS audio at the 52nd edition of the 'IFA' trade fair in Berlin on August 30, 2012. FameFlynet, Inc - Beverly Hills, CA, USA - +1 (818) 307-4813 RESTRICTIONS APPLY: USA ONLY
50871059 Rapper Curtis ’50 Cent’ Jackson speaks at the launch of his headphone range from SMS audio at the 52nd edition of the ‘IFA’ trade fair in Berlin on August 30, 2012. Rapper Curtis ’50 Cent’ Jackson speaks at the launch of his headphone range from SMS audio at the 52nd edition of the ‘IFA’ trade fair in Berlin on August 30, 2012. FameFlynet, Inc – Beverly Hills, CA, USA – +1 (818) 307-4813 RESTRICTIONS APPLY: USA ONLY

He calls himself 50 Cent, but the hip-hop mogul says he may not be worth even that.
The rapper known for the album and movie “Get Rich or Die Tryin’,” filed for bankruptcy protection Monday as he faced a hefty payout in a lawsuit related to a sex tape.

In a document filed with a federal bankruptcy court, the rapper whose real name is Curtis James Jackson III listed both his assets and liabilities at between $10 million and $50 million.
50 Cent insisted in a published interview that he was “taking the precautions that any other good businessperson would take in this situation.”

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Source- Vanguard

 

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