News

50 Cent Doesn’t Have 50 Cents, Files for Bankruptcy

News

50 Cent Doesn’t Have 50 Cents, Files for Bankruptcy

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50 Cent, who has a song called I Get Money, apparently has none. The rapper has filed for bankruptcy.

According to Page Six, 50 Cent filed this morning, just three days after he was ordered to pay $5 million in punitive damages related to the release of a sex tape starring rival Rick Ross’ baby mama, Lastonia Leviston.

If you think it all sounds a bit fishy, it’s because it totally does. 50 Cent filed for bankruptcy last May on behalf of his boxing promotion company, right before the case went to trial. It didn’t work. This time around, the Chapter-11 bankruptcy filing states that 50 Cent has $10 to $50 million in assets and $10 to $50 million in liabilities.

I hope his South Paw contract (he’s got a part in the Jake Gyllenhaal boxing flick) offers him some cash off the back end. At any rate, it doesn’t look like bankruptcy is putting a damper on his birthday celebrations.