Power 2014

50 Cent Files for Bankruptcy

July 16, 2015 2:00 pm Published by Leave your thoughts

The G-Unit rapper has filed for a chapter 11 bankruptcy, after reportedly sustaining a debt of between $10-$50 million US dollars. Forbes named the rapper one of the year’s wealthiest men in hip hop, estimating his net worth at $155 million US dollars. However, since then his SMS Promotion Boxing Company (Yep…) has also filed for bankruptcy, being an estimated $100-$500 thousand US dollars in debt. This is all without factoring in his extracurricular activities. He was sued for a leaked 2009 sex tape between himself and Rick Ross’ baby-mama Lastonia Leviston, taking another $5 million dollar hit to his wallet. He is doing a good job of living up to his name.

By Tatiana Wigg and Polina Longva

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