50 Cent Files for Bankruptcy After Sex Tape Scandal

NEW YORK, NY - JUNE 02:  Curtis "50 Cent" Jackson attends the "Power" season two premiere event with a special performance from 50 Cent, G-Unit and other guests on June 2, 2015 in New York City.  (Photo by Jamie McCarthy/Getty Images for Starz)

50 Cent Files for Bankruptcy After Sex Tape Scandal

No, Fif isn't broke.

Published July 13, 2015

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.

The Wall Street Journal reports that 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 sex 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.

The attorney listed on the bankruptcy papers wasn’t available for immediate comment.

BET.com is your No. 1 source for Black celebrity news, photos, exclusive videos and all the latest in the world of hip hop and R&B music.

(Photo: Jamie McCarthy/Getty Images for Starz)

Written by Eric Diep


Latest in news