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50 Cent Reportedly In Debt Of more than $28 Million.




The rapper has been expanding his businesses with new  musics, TV shows and new endorsement,but it appears that the New York City mogul still owes a lot of money to his creditors.
50  filed for bankruptcy last July, just days after a New York jury awarded Rick Ross’ baby mama $5 million in the legal battle over her leaked sex tape. According to his Chapter 11 petition, the rapper claimed his assets were between $10 and $50, million but his liabilities were in the same range.
The rapper also lost a legal battle with his ex-business partners over a failed headphone deal and was slapped with a $17 million dollar judgement in that case. The total amount of liabilities 50 Cent lists for his top 20 creditors comes to a total of $28,478,920.
50 is hoping to bring in some additional funds through a lawsuit against longtime rival Rick Ross. The Maybach Music boss was hit with a $2 million lawsuit for using 50’s “In Da Club” track on his #RenzelRemixes mixtape.
50 Cent Reportedly In Debt Of more than $28 Million. Reviewed by jisieike samuel on December 29, 2015 Rating: 5

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