By: Amanda Anderson-Niles
The other day it was confirmed 50 Cent recently filed for bankruptcy as a result of being sued for $5 million by Rick Ross’ baby mama, but now the businessman wants to make it clear to the media that the move was a strategic one and not a sign of financial difficulties.
He tells E! News:
“I’m taking the precautions that any other good businessperson would take in this situation. You know when you’re successful and stuff, you become a target. I don’t wanna be a bulls eye. I don’t want anybody to pick me as the guy that they just come to with astronomical claims and go through all that.
“Walt Disney has filed bankruptcy. Donald Trump has filed bankruptcy. It means you’re reorganizing your finances, but it does stop things from moving forward that you don’t want moving forward.”