50 Cent- "I'm Busted", Declares Bankruptcy
50 Cent is down for the count after losing a multi-million dollar lawsuit ... he's just declared bankruptcy.
TMZ has confirmed ... 50 filed for bankruptcy on Monday, 3 days after Rick Ross' baby mama won a $5 million jury verdict against him.
50 is in a world of financial hurt. A jury awarded Lavonia Leviston the $5 mil after determining the rapper intentionally leaked a sex tape in which she was featured, in order to embarrass Ross.
50 has been ordered to produce proof of income and worth 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.
On top of that, 50 lost a court case in which a jury socked him with a $17.2 million judgment over ripping off a headphones design.
It's a breathtaking fall .. in May, Forbes estimated 50's net worth at $155 million.
Related Posts via Categories:
- Music Release: "TUNGBA" - Nomzky ft. Dobs and KAJORAWA BY BXY
- Baba Tee Ex-Girlfriend, Yetunde Oduwole Tenders Apology Over Leaked Video
- Baba Tee Denies Using Juju On Yetunde Oduwole “She Says I Havv Small Manhood, I Regret Meeting Her”
- I don't wear bra because I have small boobs- Yvonne Nelson
- Cnik-ree-Turn-Around-ft-Skales (Video & Audio)
- Photos: Children, Friends Gather To Bury Nigeria’s Movie Pioneer, Francis Oladele
- Nollywood Actress, Uche Ogbodo, Fights Over a Bottle of Champagne at Trace Lounge in Ogba-Lagos
- Richard Mofe Damijo Returns To Acting, Flown Abroad Immediately
- Yoruba movie star recently released from jail for theft, steals again
- Photos: Olamide Renews Etisalat Contract
Be Our Fan On Facebook
Follow Us @ACKCITY On Twitter
Want updates via;
BB: 568235DD
WhatsApp: (234) 08105649346
Need a good platform to Advertise your products & services;
Call: (234) 08105649346, 08121807240
E-mail: admin@ackcity.net
Leave your comment(s) below:
No comments