50 Cent, wealthy businessman and frequent Forbes’ list honoree, has filed for Chapter 11 bankruptcy.
Back in May, Forbes reported 50 Cent having an estimated net worth of $155 million.
Though he’s of the most successful rappers of the past decade, 50 owes most of his fortune not to music but to his $100 million haul from the sale of VitaminWater in 2007. He hopes to repeat the feat with stakes in new ventures including SK Energy, Effen vodka, Frigo underwear and SMS headphones, whose value increased in the wake of Dr. Dre’s Beats deal.
According to court papers obtained by the Wall Street Journal, 50 (real name Curtis Jackson) reported assets and debts both in the range of $10 million to $50 million.
We have good reason to believe 50 is just trolling all of us. His filing comes just days after he was ordered to pay $5 million to the mother of Rick Ross’ child for leaking her sex tape.