The Hollywood Reporter points out that "The chapter 11 filing allows him to reorganize his easy macro recorder 4.1 business interests, as opposed to a chapter 7 bankruptcy filing, which would mean liquidation of his assets.".
The albums release date was pushed yet again in 2014, and he in-turn went on to release the album.Curtis Jackson, better known as rapper 50 Cent, filed for Chapter 11 bankruptcy protection on Monday.Before I Self Destruct, which contained popular singles like Get just cause 2 pc control lag Up, I Get It In, and Ok, Youre Right.In spite of 50 Cents controversial state of bankruptcy in an ongoing lawsuit, heres the answer to the question on everybodys mind: How rich is 50 Cent, really?But how much exactly is this notoriously talented rapper worth today?After becoming known as a cocaine dealer, 50 Cent was arrested on many occasions and continued dealing drugs to make ends meet.Its safe to assume that any possible legal outcome of these bankruptcy trials could very well put 50 Cents net worth in major jeopardy.50 Cent has been seen cruising around in his Lamborghini Murcielago and Rolls-Royce Phantom.However, sadly his debts equaled just as much!The Wall Street Journal reports.Dres parent label, Interscope Records, gave 50 Cent a shot at his own record label called G-Unit Records, which eventually signed artists like Lloyd Banks and The Game.The rapper shocked everyone by filing for Chapter 11 bankruptcy for protection.The bankruptcy claim comes just days after.After her death, he moved in with his grandparents and got involved in the street life.
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2011, in 2011, 50 cent released the song Out Law from his up-coming studio album.50 Cents studio albums, the Massacre and, get Rich or Die Tryin have been a huge success in terms of record sales, so its no surprise that his current net worth is mostly derived from album sales, concert sales, and tour earnings from these albums.Jackson is confident that he will prevail on his appeal and that when the case becomes fully pubic, everyone will know exactly why he felt compelled to fight the ruling.Jackson to continue his involvement with various business interests and continue his work as an entertainer, while he pursues an orderly reorganization of his financial affairs." 50 Cent was previously one of the world's wealthiest rappers, largely thanks to his minority stake in Vitamin Water.The damages were based on SMS net profits over three years.Being on the streets introduced him to the art of rapping and it was during his jail time that he came up with the stage name 50 Cent, which supposedly was a metaphor for change.
50 Cent declared.0 million debt and has been proving how his wealth isnt as elaborate as shown in his music videos.