50 Cent Explains Why He Filed For Bankruptcy

share on:
50 Cent sues Garvey Schubert Barer

Fear not 50 Cent fans, your fave rapper isn’t broke. Not yet, anyways.

50 cent header

In an interview with E! News, 50 explained that his filing for bankruptcy was a move to reorganize his finances.

READ: Piggy Bank Is Empty: 50 Cent Files For Bankruptcy

The rapper had been ordered to pay an ex-girlfriend of rapper Rick Ross, Lastonia Leviston, $5 million for leaking her sextape.

“I’m taking the precautions that any other good businessperson would take in this situation,” the rapper, whose real name is Curtis Jackson, said.

“You know when you’re successful and stuff, you become a target. I don’t wanna be a bullseye. I don’t want anybody to pick me as the guy that they just come to with astronomical claims and go through all that.”

READ: 50 Cent Ordered To Pay Rick Ross’ Baby Mama $5 Million For Her Sextape He Released In 2009

“Walt Disney has filed bankruptcy. Donald Trump has filed bankruptcy,” 50 Cent continued to E! News. “It means you’re reorganizing your finances, but it does stop things from moving forward that you don’t want moving forward.”

He added, “I gotta decent legal team. You don’t have to worry.”

Wana

Wana

Quo non Ascendam. Writer. E-mail: wana@360nobs.com

Leave a Reply