50 Cent Declares Bankruptcy
Rapper 50 Cent declares bankruptcy after losing a multi million dollar lawsuit. He officially filed the documents today, which comes three days after Rick Ross baby mother Lavonia Leviston won a $5 million dollar jury verdict against him.
50 cent apparently intentionally leaked a sex tape that featured her when he was beefing with Ross.
50 has been ordered to verify his worth and produce proof of income, so the jury can determine punitive damages.
According to the bankruptcy filing -- a story first reported by Page 6 -- 50 says his assets are valued between $10 and $50 million, but his liabilities are also between the same range.
He also just lost another lawsuit a few months ago for $17.2 million dollars for ripping off his headphone design form another company.
As of May 2015, Forbes reported that 50 was worth around $155 million dollars.