50 Cent Files For Bankruptcy In Rapid Fall From Financial Grace

Power Ower: A string of lawsuitsappears to have sent 50 Cent into a fiscal tailspin. (Photo by Jamie McCarthy/Getty Images for Starz).

50 Cent couldsoon be worth less than his nickname: the rapper filed for individual Chapter 11 bankruptcy protection in Connecticut this morning.

According to the filing, 50 Cent,whose real name is Curtis James Jackson III, has incurred debts of $10 to $50 million, most recently a $5 million judgment in a sex tape case. His legal team did not respond to areques...

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Published on July 13, 2015 11:00
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Zack O'Malley Greenburg
Zack O'Malley Greenburg—a Jay-Z biographer and former Forbes editor—writes on the intersection of music, media and money. ...more
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