50 Cent Files For Bankruptcy But Instagram Photos Still Show Lavish Living
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For a man who has reportedly filed for bankruptcy, 50 Cent doesn't seem to be worried as he continues to show off a lavish party and tease another scheduled for June 13.
"Curtis James Jackson III, the rapper better known as 50 Cent, filed for chapter 11 bankruptcy protection Monday," according to The Wall Street Journal. "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."
TMZ confirmed the news stating that, "50 is in a world of financial hurt" and that "a jury awarded Lavonia Leviston the $5 million after determining the rapper intentionally leaked a sex tape in which she was featured, in order to embarrass Rick Ross." It looks like Ross might have the last laugh after all as 50 Cent's net worth will be in question.
However for a man who has filed for chapter 11 bankruptcy, 50 Cent is still showing off his latest party extravaganzas on Instagram.
The photo below was posted just 13 hours ago, not too long after 50 Cent filed bankruptcy.
That's not all, 50 is also scheduled to make an appearance at the Ace of Diamonds club in West Hollywood to continue his birthday celebration. Then just an hour before this article was being written, he posted a photo of Sunday night's festivities plugging his Effen Vodka. 50 has yet to release a statement in regards to the bankruptcy reports but it looks the "I Get Money" rapper might be taking a bit of a loss.