Listen Live
97.9 The Beat Featured Video
CLOSE
The Weinstein Company And Netflix Golden Globes After Party - Arrivals

Source: Michael Tran / Contributor / Getty

Who saw this one coming? Rapper-entrepreneur 50 Cent filed for chapter 11 bankruptcy today (July 13).

50 Cent (real name Curtis Jackson III) filed the court papers in the U.S. Bankruptcy Court in Hartford, Conn., with debts ranging from $10-50 million, according to the Wall Street Journal.

50 was just ordered to pay $5 million to Lastonia Leviston, the mother of Rick Ross’ child, for allegedly leaking her sex tape with the Bawse online.

The Queens rapper has made a helluva lot of money over the years, including $100 million from a deal with Glacéau. His Starz hit television show, Power has already been renewed for a third season.  He has a net worth of $155 million.

Source|Wall Street Journal

MORE LINKS ON THE URBAN DAILY

50 Cent Reportedly Blames Floyd Mayweather’s 2012 Jail Sentence For SMS Promotions’ Failure

It Looks Like 50 Cent Is Going To Post Kidd Kidd’s Bail

50 Cent Takes Another Shot at ‘Empire’

50 Cent & Omari Hardwick Open Up About ‘Power’ Season 2 [EXCLUSIVE]

 

[#979CarShow] Jidenna, August Alsina, Kevin Gates, Future And More At The Car Show!
0 photos

50 Cent Files For Bankruptcy  was originally published on theurbandaily.com