50 Cent files for bankruptcy protection
Rapper lost invasion-of-privacy lawsuit
50 Cent filed for federal bankruptcy protection Monday, days after a jury ordered him to pay $5 million in an invasion-of-privacy lawsuit.
The rapper-actor, whose real name is Curtis Jackson III, filed for Chapter 11 bankruptcy protection in U.S. District Court in Hartford. He owns a 50,000square-foot mansion nearby.
The filing lists both the assets and liabilities for the “Get Rich or Die Tryin”' artist as between $10 million and $50 million and indicates his debts are primarily consumer and not business related.
The filing comes after a New York jury on Friday ordered Jackson to pay $5 million to a woman who said he acquired a video she made with her boyfriend, added himself as a crude commentator and posted it online without her permission.
“Mr. Jackson's business interests will continue unaffected in the ordinary course during the pendency of the Chapter 11 case,” attorney William A. Brewer III said in a statement. “This filing for personal bankruptcy protection permits Mr. Jackson to continue his involvement with various business interests and continue his work as an entertainer.”
The lawsuit stems from a 13minute video that appeared online in 2009, featuring a wig-wearing 50 Cent as a narrator dubbed Pimpin' Curly.
50 Cent burst to the fore of gangsta rap with 2003's “Get Rich or Die Tryin,”' its lead single, “In Da Club,” and a tough life story that included having been shot nine times.