Curtis James Jackson III, the rapper known as 50 Cent, filed for Chapter 11 bankruptcy yesterday (July 13, 2015) and the internet went wild with the news.
The timing of Fiddy’s bankruptcy filing appeared to cause the most chatter being that it came just days after a jury ruled that he must pay $5 million to Lastonia Leviston, the woman who sued him over a sex tape that was posted without her permission.
Documents filed in Connecticut Bankruptcy Court showed Jackson’s listed assets and debts to be in the range of $10 million to $50 million and the mogul recently explained his decision as merely a smart business move to protect his assets.
[TRANSLATION: He’s still RICH, B*tch! 😆 ]
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