How could an American rapper be broke

After bankruptcy in court: US rapper 50 Cent files for bankruptcy

The American rap musician and actor "50 Cent has filed for personal bankruptcy. This was announced by his attorney. The application for personal bankruptcy protection would allow the entertainer to continue his business while he would manage his financial affairs," the attorney said in the statement.

As the newspaper "Wall Street Journal" reported with reference to the application before a court in Hartford (US state Connecticut), the 40-year-old musician, whose real name is Curtis James Jackson III, is also a fortune in the documents Debts of between $ 10 million and $ 50 million each.

Five million dollars in damages

A few days ago, 50 Cent had been sentenced by a court in New York to pay five million dollars to a woman who was featured in a sex tape published in 2009. 50 Cent posted the video on the Internet and made fun of the woman and his rapper colleague Rick Ross, who have a child together. The court saw the woman's rights violated and awarded her compensation for pain and suffering.

50 Cent grew up in poor conditions in New York. He was already a twelve-year-old drug dealer and served several short prison sentences before he was discovered for a career in music. He became famous with the album "Get rich or die tryin '". If his application for personal bankruptcy is granted, he might not have to pay the millions in compensation to the woman from the video.

What is the wealth?

The prestigious US business magazine "Forbes" estimated the Grammy winner's fortune at $ 155 million in May. In addition to his music, 50 Cent earned millions as an entrepreneur and investor in the fashion, beverage and technology industries. The rapper starred in several films. From mid-August he can also be seen in German cinemas alongside Jake Gyllenhaal in the boxer film "Southpaw".

wl / se (dpa, afp)