50 Cent is not bankrupt, at least that is how he is acting ever since new broke earlier this week that the rap mogul filed for bankruptcy just days after loosing a lawsuit to Rick Ross baby mama.
The New York rapper said that he is filing bankruptcy for his own protection and is merely redistributing his money. In other words, 50 Cent is filing for rich people bankruptcy.
SEE ALSO: 50 Cent Says I Am Not Broke, Bankruptcy Is For My Protection
The G-Unit rapper was spotted celebrating his new financial freedom at the Ace if Diamonds nightclub in Los Angeles last night making it rain on dancers. 50 Cent might regret throwing away all that money but at the end of all this bankruptcy saga he may still be a multimillionaire.
Fiddy also made fun of himself on Instagram when he posted a photo of himself standing beside a smart car. “Times are hard out here LMAO,” he captioned the photo.
This is embarrassing for 50 Cent but still he will emerge a very rich man. According to the NY Daily News, the hip hop star, real name Curtis Jackson, has a massive debt of $28,478,920.75 and most of that figure is from lawsuits.
He owes Sleek Audio $18,428,257 from a lawsuit the headphone company won against the rapper after their partnership went south.
Rapper Rick Ross baby mama, Lastonia Leviston, also won a $5 million judgement against 50 Cent after she sued him for leaking a home video with her to embarrass Rozay.
