50 Cent Responds to Bankruptcy Reports

G-Unit’s head honcho, in the face of chapter 11, is still cracking jokes

Yesterday, the Wall Street Journal revealed that 50 Cent filed for bankruptcy, and people were pretty confused. You mean, the super-rich rapper, actor, and entrepreneur is “broke”? Not quite, but the news was still startling.

In light of 50 Cent being slapped by a jury with an order to pay up $5 million to the mother of Rick Ross‘ daughter for involving her leaked sex tape in a parody tape he created several years ago, Fif decided that filing for chapter 11 was his best recourse. The following is his reasoning:

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I’m taking the precautions that any other good businessperson would take in this situation. 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. Walt Disney has filed bankruptcy. Donald Trump has filed bankruptcy. It means you’re reorganizing 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.

Still, there’s never a dull moment with 50, and yesterday on Instagram he posed in front of a pretty economic car, and captioned the photo “Times are hard out here LMAO.”

Gotta love this guy.