50 Cent Files For Bankruptcy..


According to the Wall Street Journal, Mr Curtis Jackson aka 50 Cent the mega businessman and entrepreneur of hip-hop has filed for personal Bankruptcy. Most of us can’t believe that he is broke financially. Jackson has had so much success starting in 2003 with the release of his 1st music album which sold more than 10 million records which would put him in the green financially. He than began to start a successful G Unit Clothing company, he invested in Glaceau Vitamin water,company which sold for $4.1 billion and his take was allegedly between $100 million. A Couple of months ago his boxing company SMS Promotions has files for bankruptcy also.
“This filing for personal bankruptcy protection permits Mr. Jackson to continue his involvement with various business interests and continue his work as an entertainer, while he pursues an orderly reorganization of his financial affairs,” said William A. Brewer III, his lawyer, in a statement. We have to see what happens with this action of bankruptcy, I’m sure Curtis Jackson is smarter than we think.

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