Rapper 50 Cent files for bankruptcy

[dazzer87]

Damn......Get Rich Or Die Tryin


http://www.businessinsider.com/50-cent-files-for-bankruptcy-2015-7

[BlakFrankWhite]

Damn......Get Rich Or Die Tryin


http://www.businessinsider.com/50-cent-files-for-bankruptcy-2015-7
Mayweather stole $40 million from him when they started that boxing promotion

[HitandRun Reggie]

Damn where did that 400 mil from Vitamin Water go?

[kNIOKAS]

Damn......Get Rich Or Die Tryin


http://www.businessinsider.com/50-cent-files-for-bankruptcy-2015-7
Wow Lazy 50 cent now does not want to pay his money, declares bankruptcy to avoid his dues! Does he think that's how Capitalism works?
WELL I HAVE NEWS FOR YOU FIFTY LAZY ASS CENTS IT DOESN'T

[iTare]

Damn where did that 400 mil from Vitamin Water go?
Wasnt it smart water?
edit: i am dumb

[Velocirap31]

Wasnt it smart water?

He obviously wasn't drinking it.

[Crown&Coke]

Wow Lazy 50 cent now does not want to pay his money, declares bankruptcy to avoid his dues! Does he think that's how Capitalism works?
WELL I HAVE NEWS FOR YOU FIFTY LAZY ASS CENTS IT DOESN'T

It works if you are wealthy

[Dr Seuss]

keeping true to his name














ill be here all night folks!!

[Wally450]

Looks like he "died trying".

http://i.imgur.com/I8Ux374.gif







ill be here all night folks!!

Source on that gif?

[highwhey]

Looks like he "died trying".

http://i.imgur.com/I8Ux374.gif







ill be here all night folks!!
This gif is gold

[Akrazotile]

Has to be some bullshit.

He wasnt just rich like an NBA player is "rich."

Fiddy was stankin rich. Like he had ownership stakes in lucrative ventures beyond just his very lucrative music career. He was worth a shitload at one point.

And hes actually a savvy businessman who executed a real plan to become rich in the music biz, again not like some athlete who lucked his way into a sports career or a rapper who was handpicked by a record company to fill a minstrel buffoonery niche. Every investor makes mistakes as Im sure 50 has but hes no fool. He had too much money to legitimately be broke right now.

Hes obviously just taking advantage of a loophole in the system. Its "unpossible" that hes actually broke.

[wang4three]

Most likely he has off-shore accounts that hold most of his money (if not nearly all of it). He most likely filed to settle his US-based debts.

[DonDadda59]

Has to be some bullshit.

He wasnt just rich like an NBA player is "rich."

Fiddy was stankin rich. Like he had ownership stakes in lucrative ventures beyond just his very lucrative music career. He was worth a shitload at one point.

And hes actually a savvy businessman who executed a real plan to become rich in the music biz, again not like some athlete who lucked his way into a sports career or a rapper who was handpicked by a record company to fill a minstrel buffoonery niche. Every investor makes mistakes as Im sure 50 has but hes no fool. He had too much money to legitimately be broke right now.

Hes obviously just taking advantage of a loophole in the system. Its "unpossible" that hes actually broke.

This. He's trying to restructure all of his business interests, and there's a lot (Vitamin water, SMS audio, Boxing promotion company, his film interests, etc.). Pretty telling that he went with chapter 11 instead of 7. He's very far from 'broke'.

[navy]

Has to be some bullshit.

He wasnt just rich like an NBA player is "rich."

Fiddy was stankin rich. Like he had ownership stakes in lucrative ventures beyond just his very lucrative music career. He was worth a shitload at one point.

And hes actually a savvy businessman who executed a real plan to become rich in the music biz, again not like some athlete who lucked his way into a sports career or a rapper who was handpicked by a record company to fill a minstrel buffoonery niche. Every investor makes mistakes as Im sure 50 has but hes no fool. He had too much money to legitimately be broke right now.

Hes obviously just taking advantage of a loophole in the system. Its "unpossible" that hes actually broke.

Something like this. Or at least that makes the most sense.

It is possible though that he has far too many non liquid assets that it is hard to pay off debt. From my understanding he never had 400 million cash from vitamin water. Same idea as dre never having a billion.

[imnew09]

Not surprised most idiots didnt read the article. He banked around 60-100 mil from vitamin water.

Twist ch 11 filing is different than ch 7. 50 cent has the right to continue al his business , hes just trying to "reorganize" it mostly i think to avoid major taxes.

[Draz]

https://www.youtube.com/watch?v=JoOclsajGcE

[ace23]

"Rapper 50 Cent"

[TylerOO]

Most of yall don't realize what this really means.

[SpecialQue]

Donald Trump's corporations have filed for bankruptcy four times. This is a business move more than anything.

[Bosnian Sajo]

"Rapper 50 Cent"

7 albums from 2000-2015, one of the most recognizable rappers in the game, known world wide for his music, some of his albums going platinum multiple times...and you're mad that he is labelled a rapper?


Dude that's what he is known for, what brought him success. That's like being angry at someone calling Michael Jordan a basketball player...

[Duderonomy]

50 cent is now his net worth.

[Akrazotile]

Most of yall don't realize what this really means.


I think everyone realizes what this means. Hes taking advantage of a finance law practice with a very misleading name (bankruptcy).

[Dresta]

US is corrupted to the bone...

[ace23]

7 albums from 2000-2015, one of the most recognizable rappers in the game, known world wide for his music, some of his albums going platinum multiple times...and you're mad that he is labelled a rapper?


Dude that's what he is known for, what brought him success. That's like being angry at someone calling Michael Jordan a basketball player...
I'm not mad. It's funny because it's unnecessary to say that he's a rapper.

[KNOW1EDGE]

I think it was just his audio company SMS that filed for bankruptcy, not Curtis himself.

[ISHGoat]

So now this millionare gets to legally not pay debts and increase his overall net worth by declaring bankruptcy? Something seems wrong about this.

Thanks obama

[HitandRun Reggie]

So now this millionare gets to legally not pay debts and increase his overall net worth by declaring bankruptcy? Something seems wrong about this.

Thanks obama

Obama is human garbage. But wasn't Fitty a Bush supporter? :oldlol:

[KNOW1EDGE]

I'm not an Obama fan by any means, but what does that ni99a have to do with this?

[KevinNYC]

Downtown Josh Brown ‏@ReformedBroker 2h2 hours ago
Financial rescue package for 50 is actually a backdoor bailout for Eminem
- DJ Zero Hedge

[Akrazotile]

Downtown Josh Brown ‏@ReformedBroker 2h2 hours ago
Financial rescue package for 50 is actually a backdoor bailout for Eminem
- DJ Zero Hedge


I always knew those two had a 'backdoor pact'


I just didnt realize it was financial :yaohappy:

[Joyner82reload]

There are a few points to be made. 1. This delays the time he is required to pay the 5 million, which screws over the girl due to inflation and the fact she currently out of 5 million. 2. He has more debt than liquid assets, but that's obvious as he's very involved in business at this point in his life and probably had debt of around 50 million through all of them combined. That doesn't mean he's broke however, he probably has 200+ million in assets with most being unliquidated. 5 million right now would probably be a pretty big hit on his liquidated finance and he doesn't want to sell off his shares in an investment without seeing which are the most expendable first. And I shouldn't say he, this is his legal team and financial advisors obviously.

[Bandito]

And he just lost a lawsuit if I am not mistaken. Smells pretty suspicious if you ask me.

[DonD13]

instead of giving that bitch 5 millions he files for bankruptcy :oldlol: :applause:

[gts]

And he just lost a lawsuit if I am not mistaken. Smells pretty suspicious if you ask me.2 one for 17 million and one for 5 million and the chapter 11 won't stop the collection of a lawsuit judgement...