Today, rapper 50 Cent filed for bankruptcy. This comes days after he was ordered by a judge to pay a woman $5 million over accusations that he’d acquired a sex tape made by her and her boyfriend, put his own commentary over it while wearing a wig and then posted it online.
He’s filed for Chapter 11 bankruptcy, which allows a person to restructure their debts. It’s unlikely that Fiddy is actually totally broke and even described the bankruptcy in a Reuters interview as a "strategic business move".
Despite a successful career in hip hop and a confident move into the vitamin water industry, Fiddy (real name Curtis Jackson) says he’s run out of cash. For someone who’s mantra was once “Get Rich Or Die Tryin’”, this must be fairly hard to admit.
50 Cent has relentlessly referenced his wealth throughout his career, with hits like “Straight to the Bank” and “I Get Money” flashing the cash in a big way. Hopefully he’s got enough dough left for a Spotify premium account, because we’ve made a playlist of bankruptcy jams that are really on the money.