[url]http://www.nbcnews.com/business/business-news/rapper-50-cent-files-bankruptcy-wake-sex-tape-award-n391161[/url]
[QUOTE]Curtis James Jackson III, the rapper better known as 50 Cent, filed for bankruptcy on Monday.
Documents filed in Connecticut Bankruptcy Court showed Jackson's listed assets and debts to be in the range of $10 million to $50 million.

The filing comes days after a jury ruled that Jackson must pay $5 million to a woman suing over a sex tape that was posted without her permission, according to the Associated Press.
[/QUOTE]
:v:
whoops
when you're sued for $5 million and have up to $50 mil in debts it makes sense for you to not have two quarters to rub together
[QUOTE=Ninja Gnome;48198112]when you're sued for $5 million and have up to $50 mil in debts it makes sense for you to not have two quarters to rub together[/QUOTE]
he also sold vitamin water to coke for at least $100 million a few years ago. i bet you he has some hidden assets somewhere
[QUOTE=sloppy_joes;48198120]he also sold vitamin water to coke for $100 million a few years ago. i bet you he has some hidden assets somewhere[/QUOTE]
i didn't know he used to own vitaminwater, i guess you learn something new every day
[QUOTE=Ninja Gnome;48198136]i didn't know he used to own vitaminwater, i guess you learn something new every day[/QUOTE]
[quote]In October 2004, rapper Curtis Jackson—known as 50 Cent—was given a minority share in the company in exchange for becoming a spokesperson after learning that he was a fan of the beverage... It's unknown how much Jackson made from the purchase of his shares by Coca-cola, with estimates in the financial press mainly in the $100 – 400million range.[/quote]
from wikipedia
So is his new name '0 Cents' or 'Spare 50 Cents?'
Keep in mind that this is Chapter 11 bankruptcy. Not as dire as the thread title makes it seems. He is a pretty experienced business man.
[url]https://en.wikipedia.org/wiki/50_Cent#Business_career[/url]
Just "50 cents"
[QUOTE=TurtleeyFP;48198160]So is his new name '0 Cents' or 'Spare 50 Cents?'[/QUOTE]
I holler for half dollar
This was a business move to prevent having to payout more money to the woman. If he files bankrupcy and hides his assets, he'll have to pay less to her.
[QUOTE]The filing comes days after a jury ruled that Jackson must pay $5 million to a woman suing over a sex tape that was posted without her permission[/QUOTE]
50 Cent released a message on facebook saying i was a cracker, can i have $1 million please.
Well it looks like 50 Cent...
[IMG]http://www.drodd.com/Austin-Powers-sound/austin-powers-sound.jpg[/IMG]
Only has 50 cents.
now he can rap about bein the poor hustler again
[QUOTE=Singo;48198282]Well it looks like 50 Cent...
[IMG]http://www.drodd.com/Austin-Powers-sound/austin-powers-sound.jpg[/IMG]
Only has 50 cents.[/QUOTE]
Looks like 50 cent
[IMG]http://www.drodd.com/Austin-Powers-sound/austin-powers-sound.jpg[/IMG]
Is all he's worth.
[QUOTE=TehWhale;48198255]This was a business move to prevent having to payout more money to the woman. If he files bankrupcy and hides his assets, he'll have to pay less to her.[/QUOTE]
This. Fiddy's a smart mother fucker.
[QUOTE=TehWhale;48198255]This was a business move to prevent having to payout more money to the woman. If he files bankrupcy and hides his assets, he'll have to pay less to her.[/QUOTE]
Exactly - he lost the lawsuit, so he decided to file for a minor bankruptcy claim to pay less. He's absolutely not 100% bankrupt, he's incredibly business-savvy, and he knows exactly what he's doing to conserve as much of his money as he can.
he's definitely not broke, nor will he ever be.
[QUOTE='[EG] Pepper;48198402']Looks like 50 cent
[IMG]http://www.drodd.com/Austin-Powers-sound/austin-powers-sound.jpg[/IMG]
Is all he's worth.[/QUOTE]
[IMG]http://www.drodd.com/Austin-Powers-sound/austin-powers-sound.jpg[/IMG]
Money
This is interesting to hear.
Those Austin Powers were bad, and you should feel bad. I should know.
He filed for bankruptcy because being sued for 5 mill by rick ross' ex or something, for leaking a sex tape. the only reason he filed is so he doesn't have to pay up front. its more of a strategic move.
[url]http://www.celebritynetworth.com/richest-celebrities/richest-rappers/50-cent-net-worth/[/url]
This link explains it better
Celebrities and their money problems. For a fraction of ther wealth, I could buy a nice house, car, some video games, and still have money to spare.
[QUOTE=Ninja Gnome;48198136]i didn't know he used to own vitaminwater, i guess you learn something new every day[/QUOTE]
A good portion of his wealth came from his VitaminWater investment.
now the only thing that's bouncing are his checks.
Get rich or die bro. Again.
What is that sex tape they are talking about? Just asking for the laughs ha ha
[QUOTE=MuffinZerg;48201009]Get rich or die bro. Again.
What is that sex tape they are talking about? Just asking for the laughs ha ha[/QUOTE]
Yeah just curious ha ha
He should rewrite his song "I Get Money" to "I Get Bankrupt". v:v:v
50 Cent hasn't got a dollar to his name.
I go to school not too far from his former mansion. Its the biggest house ive ever seen in real life and online
I'm sure he has a few lambos stashed away somewhere
[media]https://www.youtube.com/watch?v=o2k6LkL_wOI[/media]
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