After spending his vast fortune like a drunk sailor and losing multiple lawsuits, 50 Cent has officially declared bankruptcy.
50 Cent, whose real name is Curtis James Jackson III, recently lost a lawsuit to fellow rapper, Rick Ross‘ baby mama, Lavonia Leviston, who was awarded $5 million in a jury verdict against him.
According to the bankruptcy filing, 50 says his assets are valued between $10 and $50 million but his liabilities are also between the same range. On top of that, 50 lost a court case in which a jury socked him with a $17.2 million judgment over ripping off a headphones design. h/t tmz
In May, Forbes estimated 50’s net worth at $155 million.
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