50 Cent Files For Bankruptcy
50 Cent has consistently made annual Forbes lists, but apparently, his money is drying up... and has filed for bankruptcy.
Just days after he was ordered to pay up $5 million over a sex tape, featuring the baby's mother of rival Rick Ross, the hip-hop mogul filed Chapter 11 bankruptcy in Connecticut.
According to Page Six, Fif (real name: Curtis Jackson) has $10 to $50 million in assets and $10 to $50 million in liabilities. It also puts his creditors at between 1 and 49.
Last year, 50's bank account was frozen after he failed to pay a $17.2 million judgement to former business partner Sleek Audio, who claimed stole their design for his SMS Audio headphones line.
Forbes recently estimated his net worth somewhere around $155 million.