Rapper 50 Cent born Curtis Jackson has filed for chapter 11 bankruptcy protection Monday.
“In court papers filed in the U.S. Bankruptcy Court in Hartford, Conn., Mr. Jackson reported assets and debts each in the range of $10 million to $50 million,” reports the Wall Street Journal.
The filing comes just three days after the “Get Rich or Die Tryin’” rapper was ordered to pay $5 million to a woman who sued him for posting a s*x tape online.
50 Cent reportedly earned “between $60 million and $100 million” after the Vitamin Water sale in 2007.
Previously, 50 Cent was recently reported to be worth around $270 million, largely thanks to his minority stake in Vitamin Water. In 2007, the Coca Cola Company acquired Vitamin Water from Glaceau for $4.1 billion.
According to the Washington Post at the time, “50 Cent was thought to have walked away with a figure somewhere between $60 million and $100 million, putting his net worth at nearly a half billion dollars.”
While the rapper no longer has an equity stake in the company, he continued to act as a spokesperson for Vitamin Water.