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WHOA! Rapper 50 Cent’s Finances Just Got a Lot Closer to His Name!

Rapper and business mogul 50 Cent has filed for bankruptcy, a stunning financial turn considering his estimated net worth had been pegged at $155 million as recently as May.

The recording artist, who filed for bankruptcy under his real name of Curtis James Jackson II, did so in U.S. bankruptcy court in Connecticut. He listed his estimated assets between $10 million to $50 million, with liabilities in the same range. Those figures call earlier estimates into question.

Curtis Jackson

The only downside of this is that rich people somehow never end up on the street when they declare bankruptcy, but the average person is left with what, $1,500 worth of possessions, the rest sold to pay creditors?

You know twitter users couldn’t resist in getting in some shots on the rich man, poor man rapper:

Many feel this is a strategic move to get out of paying the court judgement as he was recently sued after posting a sex tape online. 

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H/T – YouTube