Get rich or die tryin'? Rapper 50 Cent files for bankruptcy

 
James Nickerson
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50 Cent ain't gotta dollar (Source: Getty)

Rap star Curtis James Jackson III, better known as 50 Cent, has filed for bankruptcy, 12 years after he now ironically vowed to get rich or die tryin’.

But it seems he was unable to make money by any means.

Jackson’s listed assets and debts are in the range of $10m to $50m (£6.4m - £32m), documents filed in Connecticut Bankruptcy Court showed. The debts are primarily consumer debts, incurred for a personal or family purpose, and he has an estimated 1-49 creditors.

This filing comes just days after a jury ruled that Jackson had to pay $5m to a woman who had sued over a sex tape that was posted without her permission.

Jackson was sued by Lastonia Leviston, over a video which he appropriated and narrated, at one point calling Levitson a porn star, arguably taking his record “P.I.M.P” too seriously.

The international rap star was meant to testify about his finances from a witness box in the law suit case, but instead his lawyers surprised the judge and Leviston’s lawyers when they broke the news of the bankruptcy petition.

Filing bankruptcy under Chapter 11, the news is particularly surprising considering his investments, particularly in Glaceau, which owns Vitamin Water, brought him a reported $500m.

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