Rapper 50 Cent filed for bankruptcy on Monday (July 13) but he doesn’t seem to be too worried. In an interview with E! News he said, “Walt Disney has filed for 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”. He continued, saying, “you know when you’re successful and stuff, you become a target, I don’t wanna be a bulls eye. I don’t want anybody to pick me as the guy that they just come to with astronomical claims and go through all that“.
50 Cent’s lawyer said in a statement on Monday, “this filing for personal bankruptcy protection permits Mr. 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“. The Wall Street Journal broke the news of 50 Cent’s bankruptcy filing, reporting the rapper claiming assets and debts between $10 million and $50 million.