Monday, July 13, 2015

Find Out Why 50 Cent Filed for Bankruptcy After Sxx Tape Scandal




50 Cent’s net worth in 2015 is $155 million. He’s not going to run out of money anytime soon. If anything, this is another one of his smart business moves.

50 Cent filed for Chapter 11 bankruptcy protection on Monday. In the court papers filed in the U.S. Bankruptcy Court in Hartford, Conn., he reported assets and debts ranging from $10 million to $50 million.

50 filing for bankruptcy could be to counter a jury ordering him to pay $5 million over a sxx tape. Lastonia Leviston filed an invasion-of-privacy lawsuit against the hip hop mogul because he posted the video online with her then-boyfriend's consent and taunted her as his character Pimpin’ Curly throughout it in 2009. At the time, 50 was beefing with Rick Ross and Leviston (who has a daughter with Ross) was used as the butt of his joke.
-BET