50 Cent, who has been one of the most successful businessmen in the music industry for years, has filed for chapter 11 bankruptcy protection, according to court documents obtained by Wall Street Journal. In the documents, 50 reported that his current assets and debts were in the vicinity of $10 million to $50 million in total. Over the weekend, 50 was ordered by a judge to pay $5 million in a leaked sex tape lawsuit, after the mother of Rick Ross' child sued 50 for leaking her sex tape when the two rappers were beefing years back.
After leaving his longtime label Interscope back in 2014, 50 was thought to have a current net worth around $270 million. He built up his wealth through ventures outside of rap, and most notably his deals with Vitamin Water, SMS Audio, and now Effen Vodka. We will continue to update this story as more details are made available.