50 Cent Pays More Than $22 Million To Close Bankruptcy 3 Years Early
In July of 2015, 50 Cent filed for bankruptcy. It was a surprising headline for many, given Curtis Jackson’s meteoric 2000s rise as a rapper and businessman. Despite his stake in electronics, a Starz network series, a record label, line of spirits, and previous investment in soft drinks, 50 Cent claimed he owed debtors more than $36 million, and claimed to have assets of less than $20 million.
In less than two years, it appears that the G-Unit honcho has exited bankruptcy. According to Billboard, the Queens, New Yorker paid more than $22 million. Bankruptcy Judge Ann Nevins approved the discharge yesterday (February 2) in Hartford, Connecticut, the same state as one of the rapper’s residences.
50’s legal team said that the onetime Eminem protege used $8.7 million of his own money and $13.65 million “He received in a recent settlement of a legal malpractice lawsuit against other attorneys.” Previously, the artist was ordered to pay back debtors by 2020.
It has been more than one year since Fif’ has released a project, dating back to The Kanan Tape. His single, “I’m The Man” featuring Sonny Digital and Chris Brown was certified gold in 2016.