50 CENT – BANKRUPTCY
HARTFORD, Conn. (AP) _ He’s one of the world’s best-selling rap artists. But 50 Cent suggests he doesn’t have much more money than his stage name indicates. Fiddy has filed for bankruptcy production. As part of the filing, the rapper has had to spell out his financial situation. And what he has noted will likely cause people to wonder why he isn’t better off. The rapper says while he owns seven cars valued at more than a half-million dollars, he has to pay 72-thousand dollars to maintain his Connecticut mansion. What’s more, he says his businesses posted losses of more than 10-million dollars both last year and in 2013. 50 Cent filed for bankruptcy after a New York City jury ordered him to pay seven-million dollars to a woman who said he posted online a sex tape she made with a boyfriend.
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Alwin Marshall-Squire is the Editor-in-Chief of S-Q Publications Inc., overseeing editorial strategy for GTA Weekly, GTA Today, and Vision Newspaper. He leads the publications’ mission to deliver bold, original journalism focused on the people and communities of the Greater Toronto Area, Canada, and the global Caribbean diaspora.
Also writes for GTA Weekly and GTA Today.
