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07-13-2015, 04:28 PM
Rapper 50 Cent aka Curtis Jackson filed for chapter 11 bankruptcy protection (http://blogs.wsj.com/bankruptcy/2015/07/13/rapper-50-cent-files-for-bankruptcy/) on Monday.
According to court documents filed in the U.S. Bankruptcy Court in Hartford, Connecticut (https://www.documentcloud.org/documents/2164294-petition.html), the 40-year-old rapper "reported assets and debts each in the range of $10 million to $50 million," reports the Wall Street Journal.
The chapter 11 filing comes three days after a judge ordered 50 Cent to pay $5 million to Lavonia Leviston (the mother of rapper Rick Ross' child) for posting a 2009 sex tape online, without her permission (http://www.hip-hopvibe.com/2015/07/10/50-cent-ordered-to-pay-5-million-to-lavonia-leviston-mother-of-rick-ross-child-over-2009-sextape/).
The "Get Rich or Die Tryin'" rapper flaunted his wealth. He was known by his own admission to be found in the club with a bottle full of "bub" (http://genius.com/50-cent-in-da-club-lyrics) (champagne). He waxed poetic about how his talents brought him all the "fancy things" in life, including "my crib, my cars, my pool, my jewels."
Last August, he claimed he would donate $750,000 (http://start.westnet.ca/newstempch.php?article=2014/08/21/50-cent-floyd-mayweather-harry-potter_n_5698335.html)to charity if boxer Floyd Mayweather would read one full page from a Harry Potter book out loud "without stopping or starting or fucking up." (http://instagram.com/p/r9y3DQMLyI/) Mayweather did not take him up on the challenge.
Also on HuffPost:
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According to court documents filed in the U.S. Bankruptcy Court in Hartford, Connecticut (https://www.documentcloud.org/documents/2164294-petition.html), the 40-year-old rapper "reported assets and debts each in the range of $10 million to $50 million," reports the Wall Street Journal.
The chapter 11 filing comes three days after a judge ordered 50 Cent to pay $5 million to Lavonia Leviston (the mother of rapper Rick Ross' child) for posting a 2009 sex tape online, without her permission (http://www.hip-hopvibe.com/2015/07/10/50-cent-ordered-to-pay-5-million-to-lavonia-leviston-mother-of-rick-ross-child-over-2009-sextape/).
The "Get Rich or Die Tryin'" rapper flaunted his wealth. He was known by his own admission to be found in the club with a bottle full of "bub" (http://genius.com/50-cent-in-da-club-lyrics) (champagne). He waxed poetic about how his talents brought him all the "fancy things" in life, including "my crib, my cars, my pool, my jewels."
Last August, he claimed he would donate $750,000 (http://start.westnet.ca/newstempch.php?article=2014/08/21/50-cent-floyd-mayweather-harry-potter_n_5698335.html)to charity if boxer Floyd Mayweather would read one full page from a Harry Potter book out loud "without stopping or starting or fucking up." (http://instagram.com/p/r9y3DQMLyI/) Mayweather did not take him up on the challenge.
Also on HuffPost:
-- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. (http://start.westnet.ca/newstempch.php?article=terms.html/) It may be used for personal consumption, but may not be distributed on a website.
http://rc.feedsportal.com/r/233194693850/u/0/f/677045/c/35496/s/4814d067/sc/28/rc/1/rc.img (http://rc.feedsportal.com/r/233194693850/u/0/f/677045/c/35496/s/4814d067/sc/28/rc/1/rc.htm)
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More... (http://feeds.huffingtonpost.com/c/35496/f/677045/s/4814d067/sc/28/l/0L0Shuffingtonpost0N0C20A150C0A70C130C50A0Ecent0Ef iles0Ebankruptcy0In0I77861440Bhtml/story01.htm)