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50 Cent Could Really Use 50 Cents, Files for Bankruptcy

Someone’s bringing up the rear end of “get rich or die tryin’.”

50 Cent filed for Chapter 11 bankruptcy in a Connecticut court today, a state where to be broke you also have to be at least a millionaire. In 50’s case, he happens to have assets ranging from the $10 million to $50 million range.

This announcement comes totally unrelated to the court decision ruled the day previous: 50 must pay $5 million to Rick Ross’ ex-girlfriend for commenting on a sex tape they made together and distributing it online.

Chapter 11 bankruptcy means 50 Cent doesn’t have enough to cover his debts, so this protection allows him to continue working while he figures out his finances; it has been described as “the drug of choice for celebrity debt problems.” In reality, this bankruptcy filing seems as if it is a way for 50 Cent to protect himself from the sex-tape-payout losses. 50 told E! News:

“You know when you’re successful and stuff, you become a target. I don’t wanna be a bulls eye. I don’t want anybody pick me as the guy that they just come to with astronomical claims and go through all that.”

In May, Forbes named him one of the wealthiest people in hip-hop, estimating a net worth around $150 million, at least thrice of what it is listed as two months later. A huge contribution to this wealth is the alleged $100 million he made from the sale of Vitamin Water to Coca-Cola. Let me refer to his lyrical poetry:

“I took quarter water and sold it in bottles for 2 bucks / Coca-Cola came and bought it for billions, what the fuck?” – I Get Money, 50 Cent

I just want to know how he spent his millions that fast. How expensive are dental foot massages?

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