Fellow Rapper, Method Man to 50 Cent on Bankruptcy Filing: ‘No, he’s not broke…he’s protecting his bank’
A few days after 50 Cent filed for bankruptcy, fellow rapper, Method Man claims that the “In Da Club” rapper’s move was a strategic one.
“No, he’s not broke. No,” Method Man told Watch What Happens Live host Andy Cohen on Thursday, July 16, calling 50 Cent’s public announcement “tactics.”
“Yeah, he’s being sued by a lot of people and he’s protecting his bank,” the “How High” rapper said. “Ain’t nothin’ wrong with that.”
If you recall, 50 Cent was ordered to pay $5 million to Lastonia Leviston, who said the rapper humiliated her by posting a sex tape of her online. (CLICK HERE to read more).
According to NY Daily News, 50 cent laid out all of his personal debts in a federal Bankruptcy Court filing Thursday night, declaring he owes a total of $28,478,920.75.
That’s not all; 50 cent, whose real name is Curtis Jackson also owes Sleek Audio, the Florida firm that sued the rapper for stealing their headphone design. It won a judgement now worth $18,428,257 and 50 cent has been unsuccessfully appealing that verdict.
Interestingly, he owes his grandfather $1,737.33 and Plus Bentley, $137,880 for the car he leases.
It was also reported that he also owes more than $1 million in legal bills.
It is still unknown whether the bankruptcy is true, as 50 cent is known for his involvement in several businesses.