This should get Eedris Abdulkareem laughing.
Curtis James Jackson III, the rapper better known as 50 Cent, has filed for chapter 11 bankruptcy protection on Monday, July 13, according to the Wall Street Journal.
According to court documents filed in the U.S. Bankruptcy in Hartford Connecticut, the rapper’s “debts are primarily consumer debts.” His reported assets and liabilities range from $10-$50 million.
The filing comes close to two months after 50 Cent’s boxing promotions company, SMS Promotions, filed for “relief under chapter 11 of the Bankruptcy code.”
On Friday, July 10, a jury ordered 50 Cent to pay $5 million to Lastonia Leviston who claims the rapper acquired a sex tape she made with her boyfriend at the time, which he used in a 2009 13-minute video featuring him as commentator, Pimpin’ Curly, taunting Leviston and Rick Ross. Leviston and Ross have a daughter together.
Representatives for 50 Cent informed Billboard they would share more information momentarily.
The Get Rich or Die Trying rapper was in Nigeria in 2004 for the now rested annual Star Mega Jam concert by Nigerian Breweries Plc.
He was hurriedly flown back to the U.S. after an airport scuffle between his security aides and Nigeria’s Eedris.
Among the things that ticked Eedris off were the dollar notes the American threw at the audience during the Lagos leg of the aborted Nigerian tour.
