Posted on 07/13/2015 8:27:04 AM PDT by SeekAndFind
Rapper 50 Cent has filed for chapter 11 bankruptcy protection Monday. "In court papers filed in the U.S. Bankruptcy Court in Hartford, Conn., Mr. Jackson reported assets and debts each in the range of $10 million to $50 million," reports the Wall Street Journal.
The filing comes just three days after the "Get Rich or Die Tryin'" rapper was ordered to pay $5 million to a woman who sued him for posting a sex tape online.
Previously, 50 Cent was recently reported to be worth around $270 million, largely thanks to his minority stake in Vitamin Water. In 2007, the Coca Cola Company acquired Vitamin Water from Glaceau for $4.1 billion.
According to the Washington Post at the time, "50 Cent was thought to have walked away with a figure somewhere between $60 million and $100 million, putting his net worth at nearly a half billion dollars."
(Excerpt) Read more at businessinsider.com ...
He actually is conservative for a rapper
A rather low measure admittedly
RE: He actually is conservative for a rapper
How so? is he for traditional values? ( I think not, rappers are notorious for 4 letter words and misogyny ).
He must be for smaller government...
I clarified it was a low benchmark
He doesn’t have a dollar to his name.
Agreed - there’s bankruptcy and there’s bankruptcy. Donald Trump’s filed for bankruptcy a few times, but I don’t think he missed too many meals.
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