50 Cent just went from $150 million to being broke. The G-Unit rap mogul filed for bankruptcy.
TMZ reported that 50 filed bankruptcy docs on Monday. The New York rapper lost a lawsuit for $5 million against Rick Ross baby mother just last week.
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Lavonia Leviston filed a lawsuit against Fiddy accusing him of leaking a private intimate video in order to embarrassed Ricky Rozay. She said the leak hurt her personally and emotionally.
50 also had to declared his income and assets which he estimated to be between $10 million and $50 million. He also reported that his liabilities are in the same range.
Last year 50 Cent also lost another lawsuit for jacking his SMS audio from a company name Sleek. He lost that court case for $17.2 million and has not paid over a dollar since then.
All that hype on social media flaunting all your money and now your broke. c’mon 50 Cent go back to rapping a stop making fun of other celebrities online.
You’re an idiot if you think this man is broke. Chapter 11 is what rich people do when they don’t want to pay lawsuits. Go take a couple of college level finance classes and maybe you might get a clue.
IRS gonna be after his ass next!