2. 50 Cent
Rapper 50 Cent (Curtis Jackson) is the latest celebrity to file for Chapter 11. This version of bankruptcy will allow him to remain in control of his business ventures, and attempt to come up with a plan to reorganize his assets in order to avoid liquidation.
A jury recently ordered Jackson to pay a woman $5 million for acquiring a sex tape she made with her boyfriend, adding his own commentary, and posting it online without her consent. But $5 million should be pennies for a guy who reportedly made $100 million out of his investment in Vitamin Water in addition to his successful rap career. According to him, he just needs some time to get his finances back on track, because as always it’s “get rich or die trying”.
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