Tag Archives: Vitamin Water

MultiHop.TV HIGHLIGHTS 50 Cent Order to Pay $5 Million & Declares Bankruptcy

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50  has filed for bankruptcy, three days after Rick Ross’ baby mama won a $5 million verdict against him.

50 has been ordered to produce proof of income and worth so the jury can determine punitive damages. The disclosure would have given a rare glimpse into his financial background.

According to the Chapter 11 bankruptcy filing,  Jackson has $10 to $50 million in assets and $10 to $50 million in liabilities. It puts his creditors at between 1 and 49. 50  has filed for bankruptcy, three days after Rick Ross’ baby mama won a $5 million verdict against him.

50 was just ranked No. 4 on Forbes’ May list of the wealthiest hip-hop artists thanks to his reported $155 million net worth and his massive deal with Vitamin Water in which he was awarded between$60 million and $100 million.