50 Cent Filing for Bankruptcy: “When You're Successful, You Become a Target”

50 Cent

Rapper 50 Cent has filed for Chapter 11 bankruptcy protection, according to reports in the US.

The music star, businessman and actor, reported in court papers that he has assets and debts in the range of $10m to $50m (£6.5m- £32m), according to the Wall Street Journal.

The filing comes days after a jury ruled that he must pay $5m to a woman suing over a sex tape case.

50 Cent's 2003 album Get Rich or Die Tryin‍' catapulted him to global fame.

Real name Curtis James Jackson III, the Grammy-award winning rapper's business interests have included clothes, boxing, drinks, and mining.

50 Cent, aged 40, has sold more than 30 million albums and won a Grammy Award in 2010. The star's latest film role is in the upcoming "Southpaw," in which he plays a boxing promoter.

In May, Forbes estimated 50 Cent's net worth at $155m. ​

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