Rapper 50 Cent Files Bankruptcy After Rick Ross Baby Mama Wins $5 Million Over Sex Tape !!!!
|Rapper 50 Cent Files Bankruptcy After Rick Ross Baby Mama Wins $5 Million Over Sex Tape !!!!|
50 has been ordered to produce proof of income and worth so the jury can determine punitive damages.
The disclosure would have given a rare glimpse into his financial background.
Mr. Jackson’s lawyers dispute the amount of the verdict.
The skeletal, five-page bankruptcy petition didn’t reference the lawsuit. Generally, filing for
bankruptcy protection halts lawsuits and collection efforts.
Last year, 50 lost a court case in which a jury fined him $17.2 million for ripping off his SMS Audio headphones design.
The bankruptcy filing comes as a surprise as the hip-hop tycoon had a reputation for being among the wealthiest in hip-hop. Earlier this year, Forbes estimated his net worth at $155 million.