“Rapper 50 Cent declares bankruptcy”

Boyce Watkins
Published on Jul 13, 2015

The rapper 50 Cent is often held to the public as a beacon of hope and financial success, at least on the surface. But some say that things may not be all that their cracked up to be.

This week, the rapper filed for Chapter 11 bankruptcy protction in US Bankruptcy Court in Hartford, Connecticut. The alleged mogul reportedly has a the kind of debt that would make the rest of us squeamish, according to The Business Insider.

“In court papers filed in the U.S. Bankruptcy Court in Hartford, Conn., Mr. Jackson reported assets and debts each in the range of $10 million to $50 million,” reports the Wall Street Journal.
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This bankruptcy filing occurred right after the rapper was ordered to pay $5 million dollars to a woman who sued him for revealing a sex tape online to millions of people…

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