50 Cents Files for Bankruptcy

Rapper, Business man and producer of the hit series “Power”, 50 Cent filed for chapter 11 bankruptcy on Monday.

 This happened 3 days after the jury rewarded $5 million to Rick Ross’s baby mama Lavonia Leviston, determining that 50 purposely leaked a sex tape of her and Rick Ross online in 2009. 

50 Cent must produce proof of income and worth so the jury can determine punitive damages. 50 says his assets are valued between $10 and $50 million but his liabilities are also between the same. 
Before this case, 50 was also ordered to pay Sleek company a total of $17 million for stealing their headphone design to make his own.

50 was just in Forbes in May, with a estimated net worth of $155 million.


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