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.