50 Cent Reportedly More Than $28 Million In Debt

It was originally estimated in July that 50 was about $26 million in the red, but Bossip is now reporting 50’s debt is over $28 million. The website reports:

50 aka Curtis Jackson filed for bankruptcy last July, just days after a New York jury awarded Rick Ross’ baby mama $5 million in the legal battle over her leaked sex tape. According to his Chapter 11 petition, the rapper claimed his assets were between $10 and $50, million but his liabilities were in the same range.

The rapper also lost a legal battle with his ex-business partners over a failed headphone deal and was slapped with a $17 million dollar judgement in that case. The total amount of liabilities 50 Cent lists for his top 20 creditors comes to a total of $28,478,920.

50 is hoping to bring in some additional funds through a lawsuit against longtime rival Rick Ross. The Maybach Music Group boss was hit with a $2 million lawsuit for using 50’s “In Da Club” track on his #RenzelRemixes mixtape.

Article Appeared @http://allhiphop.com/2015/12/29/50-cent-reportedly-more-than-28-million-in-debt/

 

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