Summary: Bankrupt Rapper Not Really Broke After All
Bankrupt Rapper Not Really Broke After All
Curtis James Jackson III, better known as 50 Cent, has been in the news a lot over the last year because of is bankruptcy.
When 50 Cent filed his Chapter 11 last June he claimed that he owed nearly $50 million, just enough to offset his assets but not enough to pay the $7 million judgment against him in favor of rival Rick Ross's ex, Lastonia Leviston. He said he certainly could not afford the $17 million award to his ex-business partners who sued him over a failed headphone deal.
Just last month it appeared that times had been hard on the multi-millionaire as his new documents showed that he was down to a mere $16 million in assets. Judge Ann Nevins wasn't buying it, especially after a number
Curtis James Jackson III, better known as 50 Cent, has been in the news a lot over the last year because of is bankruptcy.
When 50 Cent filed his Chapter 11 last June he claimed that he owed nearly $50 million, just enough to offset his assets but not enough to pay the $7 million judgment against him in favor of rival Rick Ross's ex, Lastonia Leviston. He said he certainly could not afford the $17 million award to his ex-business partners who sued him over a failed headphone deal.
Just last month it appeared that times had been hard on the multi-millionaire as his new documents showed that he was down to a mere $16 million in assets. Judge Ann Nevins wasn't buying it, especially after a number