50 Cent has reportedly filed for bankruptcy

Bankruptcy filings come after 50 was ordered to pay $5 million for leaking a sex tape.


50 Cent filed for bankruptcy this morning, according to a report from The Wall Street Journal.

The filing comes after 50 Cent was found guilty of posting Lastonia Leviston's sex tape online without permission, and was ordered by the court to pay $5 million. According to bankruptcy papers, he claimed "assets and debts each in the range of $10 million to $50 million".

As The FADER point out, it's an odd development as Forbes were reporting 50 as one of the five richest men in hip hop as recently as May, with a worth of $155 million after scoring $100 million in the sale of the inexplicably popular Vitaminwater in 2007.

Then again, money just goes, doesn't it?