So this morning, millionaire rapper 50cent, the producer of Power, maker of Effen Vodka and SMSaudio headphones posted the pic above on his Instagram page, few hours after heFILED FOR 'BANKRUPTCY'
.He caption thePHOTO
'Times are hard out here LMAO #EFFENVODKA #FRIGO #SMSAUDIO'Reports from the US say the rapper filed forCHAPTER 11 BANKRUPTCY
protection.The music star, businessman and actor, reported in court papers that he has assets and debts in the range of $10m to $50m (£6.5m- £32m), according to theWALL STREET
Journal.Interestingly,THE FILING
comes days after a jury ruled that he must pay $5m to Rick Ross's baby mama who sued him for for releasing her sex tape.Lastonia Leviston has a daughter with Rick Ross, who is Jackson's rap rival. 50,REPORTEDLY
released the sex tape in 2009 to embarrass Ross.
He also added himself to the 13 minutesVIDEO as a crude commentator posting the humiliating end result online without her permission.
Real name Curtis James Jackson III, the Grammy-award winning rapper's business interests have includedCLOTHES, boxing, drinks, and mining.
His stake in VitaminWaterREPORTEDLY netted him tens of millions of dollar when Coca-Cola bought the drinks brand in 2007.
Chapter 11 allows companies time to re-organise theirFINANCES while protecting them from creditors' demands.
In addition to the $5m penalty, the jury was due thisWEEK to consider punitive damages in the invasion-of-privacy lawsuit. However, it was unclear if this would go ahead.
50 Cent, aged 40, has sold more than 30 million albums and won a Grammy Award in 2010. The star's latest film role is in the upcoming "Southpaw," in which he plays a boxingPROMOTER. His TV show 'POWER' currently in its 2nd season is also receiving critical acclaim, and has become a favourite of series lovers.
50 and drama, like fish and water.
as a crude commentator posting the humiliating end result online without her permission., boxing, drinks, and mining.His stake in VitaminWaterREPORTEDLY
netted him tens of millions of dollar when Coca-Cola bought the drinks brand in 2007.Chapter 11 allows companies time to re-organise theirFINANCES
while protecting them from creditors' demands.In addition to the $5m penalty, the jury was due thisWEEK
to consider punitive damages in the invasion-of-privacy lawsuit. However, it was unclear if this would go ahead.50 Cent, aged 40, has sold more than 30 million albums and won a Grammy Award in 2010. The star's latest film role is in the upcoming "Southpaw," in which he plays a boxingPROMOTER
. His TV show 'POWER' currently in its 2nd season is also receiving critical acclaim, and has become a favourite of series lovers.50 and drama, like fish and water.
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