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2015 Billboard Music Awards - Arrivals

Source: Steve Granitz / Getty

 

A few years ago, in the Jay -Z diss song “I’m Hot” Jigga got off this punchline: “I’m about a dollar/What the f**k is 50 Cents” Who knew how true it would ring with today’s news that 50 Cent has filed for bankruptcy. The rapper who in May was estimated to have a net worth in excess of $100 million (according to Forbes), filed for Chapter 11 bankruptcy today in Hartford, Conneticut.

While shocking that someone worth over $100 million 2 months ago, is now looking for protection from creditors, it’s not surprising when you have assets worth between $10-20 million, but liabilities in that same range. When you factor in 50’s lavish lifestyle, and lost lawsuits, it seems it was a matter of time.

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