ENTERTAINMENT
Rapper 50 Cent files for bankruptcy
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.
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.