Rapper 50 Cent files for bankruptcy
AFP RELAXNEWS
July 15, 2015 08:31 MYT
July 15, 2015 08:31 MYT
In this May 17, 2015 file photo, 50 Cent arrives at the Billboard Music Awards at the MGM Grand Garden Arena in Las Vegas. - Eric Jamison / Invision / AP
US rapper 50 Cent, whose real name is Curtis Jackson, has filed for bankruptcy, according to Sky News. The rapper has listed his assets and debts each in the range of $10 million to $50 million.
The star filed court papers with the US Bankruptcy Court in Hartford, Connecticut on Monday, and will be seeking chapter 11 protection.
The news comes just days after a jury ordered Jackson to pay $5 million to a woman who had sued him over a sex tape that was posted without her consent. Two months prior, the rapper's boxing promotions company, SMS Promotions, filed for bankruptcy.
Jackson's bankruptcy claims come after the rapper made $100 million in investments in Vitaminwater in 2007.
His 2003 album, Get Rich or Die Tryin', was nominated for a Grammy Music Award for Best Rap Album and was ranked number 37 on Rolling Stone's list of the 100 best albums from the 2000s.