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Neo
14th July 2015, 04:06 AM
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 the Wall Street Journal.

The filing comes days after a jury ruled that he must pay $5m to a woman suing over a sex tape case.

50 Cent's 2003 album Get Rich or Die Tryin-' catapulted him to global fame.

Real name Curtis James Jackson III, the Grammy-award winning rapper's business interests have included clothes, boxing, drinks, and mining.

His stake in VitaminWater reportedly netted him tens of millions of dollar when Coca-Cola bought the drinks brand in 2007.

Chapter 11 allows companies time to re-organise their finances while protecting them from creditors' demands.





Source: BBC