50 Cent files for bankruptcy

Rapper 50 Cent, known for the album “Get Rich or Die Tryin'”, has filed for bankruptcy.

The artiste, whose real name is Curtis Jackson III, filed for Chapter 11 bankruptcy protection in US Bankruptcy Court in Hartford, days after a jury ordered him to pay $5 million in an invasion-of-privacy lawsuit. 

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.

50 Cent burst to the fore of 'gangsta rap' with the single, “In Da Club” in 2003, and a tough life story that included having been shot nine times.

Jackson is an admitted former drug dealer who has built an empire beyond entertainment. He invested early in Vitamin Water and has expanded his business interests into clothing and audio equipment.

He also was named by Forbes in May as one of hip-hop's five wealthiest artists for 2015.

Source: Yahoo! News