50 Cent files for Bankruptcy, Twitter goes beserk

Posted at July 15th, 2015 | by Sidhantha Jain | in

He can’t even afford an Eminem! That’s Ludicrous.”


Curtis James Jackson III better known by his stage name, 50 Cent, filed for Chapter 11 bankruptcy on Monday, just three days after the rapper was ordered to pay $5 million to Lastonia Leviston. The case traces back to 2010, when the latter mentioned sued him in the New York state court, accusing him of posting some sexually explicit material and seeking compensation for the unauthorized use of her image causing her emotional distress.


Leviston mentioned, the sex-tape which she had made with her then boyfriend in 2008, was meant to be private. The boyfriend allegedly transferred or sold the 13 minute video to 50 Cent which he edited, added narration and made explicit remarks about Leviston and rapper Rick Ross, who has a daughter with her. At the time, Ross and 50 Cent were engaged in a fairly public feud. The video caught attention when it was circulated on the Internet titled as “Pimpin’ Curly”. Fiddy denied uploading it himself, despite it had made an appearance on his ‘thisis50.com’ website.


As per the Wall Street Journal, the “Get Rich or Die Tryin’” artist has assets and debts each in the range of $10 million to $50 million in line with the court papers filed in the U.S. Bankruptcy Court by him. Albeit, this filing for personal bankruptcy protection permits the “Candy Shop” artist to continue his involvement with his current business interests and still work as an entertainer.


But wait a second, all this doesn’t seem to make any sense. Is he broke-broke? Or is he rich-people broke? We’re confused at multiple levels, what about his million dollar 52,000 sq ft. mansion in London? What happened to the $100 million he received after he sold Vitaminwater to Coca-Cola in 2007? And what’s with his music, partnership with Effen Vodka, SMS headphones and stake in Frigo underwear?


Well, we’ll know more as the case unfolds further. But in the meanwhile, Twitter has gone berserk over his ‘a strategic move’!


Here’s a collection of some of the most hilarious tweets:


















  It doesn’t appear that 50 Cent is too bothered by his financial status, as he declared that it’s been his best year ever.



Even though he may have declared himself cashless but at least he can have a laugh about it. Take a look:



Times are hard out here LMAO #EFFENVODKA #FRIGO #SMSAUDIO

A photo posted by 50 Cent (@50cent) on



In May, Forbes reported that Jackson was worth an estimated $155 million. The timing of Jackson’s bankruptcy application is the fueling speculation as he might have filed for bankruptcy to avoid paying the judgment.


What’s your opinion? Let us know in the comments below!

Sidhantha Jain

I love EDM, it loves me back. It pays for my food bills.


Psy Legends Vini Vici Are Coming To India This November

Psychedelic Trance dignitary Vini Vici are planning an India tour later thi ...

20 Night Clubs In India That You Need To Party At

There are very little things that may beat going out partying that would ma ...

One Republic Are Coming To India Next Month

One of the greatest Pop-Rock bands of our time are hitting up India next mo ...

Troyboi Is Coming Back For An India Tour This Month

It seems like Troyboi will be coming back for more after his debut India to ...

10 Night Clubs In Mumbai That You Must Party At

Not every soul would agree but Mumbai is the most exquisite city when it co ...

Cafés In Mumbai That Won't Burn A Hole In Your Pocket

Mumbai is yuuge and as a result there are loads and loads of quirky and min ...


32 Stitches' "Remember This" nominated for The Best EDM Track of 2018

2018 was a phenomenal year for 32 Stitches. 'Fallout' featured on VH1's Top ...

Priyanka Chopra Stars In The New Jonas Brothers Track, Alongside "Sansa Stark"

The Jonas Brothers are back and with a bang. Their new single "Sucker"' ...

Pablo: The Emerging new artist you should check out

The rising artist PABLO, has released his debut album PRINCE. The 24-y ...

The Combination of Bruno Mars And Cardi B Is Back

https://www.youtube.com/watch?v=4FitbJ3oqww After the immense success of ...

Nas Collaborates With Indian "Gully boy"s

check it out here. The newyork rapper Nas and the Indian Gully boys ...

New Releases Not To Be Missed

This week has been an amazing week in music with banging new tracks droppin ...

Find Events

In your city, in your neighbourhood. Coming soon.

What’s Trending

What trends never ends.


Follow Us on Insta for #GVOStuff