According to TMZ, 50 filed for bankruptcy on Monday, just 3 days after Rick Ross‘ baby mama won a $5 million jury verdict against him.
50 has been ordered to produce proof of income and worth so the jury can determine punitive damages.
50 says his assets are valued between $10 and $50 million but his liabilities are also between the same range.
50 also lost a court case in which a jury socked him with a $17.2 million judgment over ripping off a headphones design.
In May, Forbes estimated 50’s net worth at $155 million.
Related Links:
50 Cent Ordered To Pay $5M To Rick Ross’ Baby Mama
It Looks Like 50 Cent Is Going To Post Kidd Kidd’s Bail
50 Cent Mocks Puff Daddy & Rick Ross In Light Of Recent Arrests
