Digital Transformation

‘Walt Disney & Donald Trump filed for bankruptcy…’ 50 Cent defends ‘reorganising’ his finances

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By John McCarthy | Media editor

July 15, 2015 | 2 min read

50 Cent has downplayed reports of his bankruptcy stating that it is just a “precaution” to stave off legal action.

Following him filing for bankruptcy on Monday days after he was sued for $5m for leaking a sex tape, Curtis Jackson III told E! his wealth had made him a target.

50 Cent, who was recently ranked fourth place in Forbes' ‘Hip-Hop's Five Wealthiest Artists 2015’ list, said: “You know when you're successful and stuff, you become a target. I don't wanna be a bullseye. I don't want anybody to pick me as the guy that they just come to with astronomical claims and go through all that.

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"Walt Disney has filed bankruptcy. Donald Trump has filed bankruptcy, it means you're reorganising your finances, but it does stop things from moving forward that you don't want moving forward. I gotta decent legal team. You don't have to worry."

Perhaps on the news, the stream of Twitter jokes claiming the ’50 Cent got no cents’ will die down.

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