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50 Cent files for bankruptcy despite making Forbes rich list months earlier

Hip-Hop star 50 Cent has filled for bankruptcy in the US contrasting with his tendancy to make it on to industry rich lists.

Curtis James Jackson III, who was ranked fourth place in Forbes' ‘Hip-Hop's Five Wealthiest Artists 2015’ list, filed for chapter 11 bankruptcy protection on Monday.

The man, who once tweeted he is too rich to take out garbage made the announcement just days after he was ordered to pay $5m to a woman who sued him for leaking a sex tape.

Jumping to fame on a global scale with his 2003 'Get Rich or Die Tryin'' album, Curtis reported a substantial income following the 2007 sale of his stake in VitaminWater to Coca-Cola.

However, a document filed by Curtis’ lawyer asserts that he owes between $10m to $50m in assets and debt to as many as 49 creditors.

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