50 Cent has declared himself to be bankrupt:
In papers filed with the US bankruptcy court in Hartford, Connecticut, on Monday, 50 Cent, real name Curtis Jackson, reported assets and debts in the $10m to $50m range. According to the petition, 50 Cent holds primarily consumer debts, which are debts “incurred by an individual primarily for a personal, family or household purpose”.If you'd like a full Ozymandias moment, might I suggest you turn your attention to 2009's Business Insider piece, 50 Cent's Massive Business Empire. There's a parade of the piles of cash which, it turns out, 50 Cent has managed to lose:
50 Cent, you'll recall, is the raised-from-the-dead, shot-9-times rapper, produced by Dr. Dre and Eminem.It's probably all that vitamin water which accounts for how he's pissed it all away.
But fame did not make him the big bucks, smart business moves did (Just ask Gary Coleman).
Once you're it, says 50 Cent, there is no time to rest on laurels. It's time to market the hell out of yourself – thus, getting more exposure.
Most importantly, you have monetize your popularity. From book deals to vitamin water to moisturizers, 50 Cent is dabbling in almost everything.
Although is this bankruptcy quite all it seems?
The bankruptcy report arrives three days after a jury ordered the rapper to pay $5m to Lastonia Leviston, of Pembroke Pines, Florida, for buying her sex tape, editing it with his own narration and posting it online without her permission.Nah, 50 Cent wouldn't file a bankruptcy claim just to avoid having to pay the money he owes to a woman who he humiliated "for a laugh", would he? Because that would be even harder to swallow than his foul-tasting Street King energy drink.