50 Cent, aka Curtis Jackson, has declared he has assets totalling just $16 million in newly uncovered bankruptcy documents.
The New York rapper filed for bankruptcy in July of last year, in a move which he said at the time was for, “protection, so I’m not taken advantage of.”
According to TMZ, 50 Cent has listed his worth as $16 million, despite the fact that his net worth was previously estimated as being around $155 million. In the documents the figure is totalled by approximately $8.8 million worth of real estate property that he owns and various bank accounts that hold up to $7.4 million.
Last year he was sued by Lastonia Leviston, when he allegedly released a sex tape of the woman, who also happened to be fellow rapper Rick Ross’ ex-girlfriend and mother of his child. In court Leviston described the impact the tape had had on her life and likened it to, “being stabbed in the heart.”
50 Cent and Ross had been locked in a long running feud at the time, which still rages on to this day. In the wake of getting sued, he subsequently filed for chapter 11 protection in the U.S Bankruptcy Court in New York.
The $16 million figure in the claims come as a surprise, as 50 Cent has had a number of successful business ventures in the last decade. He also recently featured in Forbes’ 2015 “Hip Hop’s Wealthiest Artists” list, where his $150 million fortune was estimated.
His wealth has been built on the back of his numerous involvements with companies such as Frigo underwear, Effen Vodka and his own SMS Audio company. While a large chunk of his worth came from his earlier association with Glaceua and a vitamin water drink, which was later bought out by Coca Cola.