50 Cent Has Financial Issues

The American rap star has to pay a lot of fines thanks to his activities in the past, for which he is in real trouble now.

According to the reports of online gambling sites in the US, Curtis Jackson James III, also known as 50 Cent, has been filed for bankruptcy in recent times. The famous rap star has attended the court in Hartford, Connecticut, where he was reported to have a debt of between USD 10-50 million for his creditors.

He is filed in the section „Chapter 11” for bankruptcy, which is, in general given to companies to restructure their business in order to be able to come back from a striking debt. However, 50 Cent is the only debtor in this case, which makes his situation a little bit harder than usual.

50 Cent is a true gambler

50 Cent did not pay attention to the first rule of gambling when he said that he is sure that Floyd Mayweather will defeat Manny Pacquiao n the match of the century, according to US gambling news. The rap star supposedly placed a bet of USD 1,6 million on one of his best friend, with which he won USD 0,8 million as Mayweather did win the game.

However, he will need a lot of that luck if he wants to pay back all his debts and forget about his court cases. He owes USD 5 million to a woman who sued him for uploading her sex tape without her permission on the internet. 50 Cent will need to play and win a lot at online casinos in order to be able to pay all that debt.