But not because he’s broke.
After being ordered to pay $5 million for leaking a sex tape, rapper 50 Cent, or Curtis Jackson, has filed for chapter 11 bankruptcy.
From the Wall Street Journal:
In court papers filed in the U.S. Bankruptcy Court in Hartford, Conn., Mr. Jackson reported assets and debts each in the range of $10 million to $50 million.
He must pay the $5 million to colleague Rick Ross’ ex-girlfriend, who is featured in the leaked tape.
From Associated Press:
“The lawsuit stems from a 13-minute video that appeared online in 2009 featuring a wig-wearing 50 Cent as a narrator dubbed Pimpin’ Curly. The character made explicit remarks about [the woman] and taunted rap rival Rick Ross, who wasn’t in the video but has a daughter with [the woman].”