50 Cent Files for Bankruptcy

Photo Credit: Instagram
Photo Credit: Instagram

By: Amanda Anderson-Niles

50 Cent has always been praised for his business acumen, but now the Hip Hop mogul is filing for bankruptcy now that he owes Rick Ross’ baby mama $5 million.

Page Six writes:

A Manhattan jury handed down the verdict after just 70 minutes of deliberation on July 10. The six jurors found that Jackson, as part of his rap beef with rival Rick Ross, posted a private s*x video featuring Ross’ baby mama online to millions of viewers.

The woman, Florida resident Lastonia Leviston, sued in 2010, claiming the posting nearly drove her to suicide.

Jackson was supposed to hand over a net worth statement plus his state and federal tax returns for the past five years on Monday so the jury could calculate punitive damages in addition to the initial $5 million award for Leviston’s emotional distress.

The disclosure would have provided a rare look into the finances of someone believed to be one of the world’s most successful rappers.

But the initial Connecticut Chapter 11 bankruptcy filing says Jackson has $10 to $50 million in assets and $10 to $50 million in liabilities.


  1. Please! No way 2 quarters is broke. This is just a play so he doesn’t have to pay. He better watch out though, the Fed Gov’t don’t play about these judgements. Meanwhile Diddy is off somewhere holding a bottle of Ciroc and laughing.

  2. For as much sh-t talking he does about other people this better be a ploy cause he is opening up the floodgates for people to let go and let have on that a-s.

  3. 50 ain’t slick he has plenty of money he is just trying to get out of paying Rick Ross bm. Rich people pull all kind of tactics to get out of paying he needs to give that woman her money. 5 million ain’t nothing to 50 he just cheap and being a sore loser his mouth and his actions finally caught up with him.

  4. Let me also add 50 doing the same thing Donald Trump does when he loses he just files bankruptcy. Donald Trump has filed bankruptcy so many times over a bad business deal or a lawsuit its ridiculous but us regular hard working people who really don’t have any money can’t put our student loans into bankruptcy but I’m sleep though.

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