Ok, so he may not only have $0.50 left to his name but the rapper and businessman Curtis "50 Cent" Jackson III filed for Chapter 11 bankruptcy protection in a Hartford, Conn court yesterday morning. This was the same day that he was supposed to show up in court to determine whether or not he was going to have to pay rapper Rick Ross's ex-girlfriend $5 million dollars in damages for the sex tape that he posted online of her (being an asshole can be quite costly these days).
Now for those that don't know, which included myself before I looked it up, when you file for bankruptcy protection, it halts all lawsuits and collection efforts. With that being said Fif could be just making a smart "POWER" (get it) move. We all know the entertainment mogul is far from a sap and definitely a smart businessman, even though he might be the biggest asshole in the game; I'd think twice before labeling the man "broke". Then again, numbers don't lie...Hitting the rap scene when artist could make millions off record sales and performance royalties, founding G-Unit records with other artists to push and brokering deals with Reebok and other fashion apparel, 50 has amassed some considerable wealth. 50 also invested in the maker of Glaceau Vitaminwater, which was sold to Coca-Cola for $4.1 billion in 2007. Industry insiders speculate that he got between $40 million and $100 million from that deal.
50 estimates that his assets and debts, which were not itemized, are worth between $10 million and $50 million, court papers said. So again he’s not broke. Maybe he just did a little too much spending. Who really knows?!
Whether he is playing the game smart or really in some deep sh*t. Only The Internet knows!