50 CENT ON BANKRUPTCY FILING: 'I'm taking precautions that any good businessperson would take'
E! Entertainment
A day after news broke that the rapper had filed Chapter 11 bankruptcy protection, 50 Cent spoke with E! News about his finances.
"Walt Disney had filed for bankruptcy before. Donald Trump has filed bankruptcy," 50 Cent told E! News while promoting his new movie, "Southpaw." "It means you're re-organizing your finances. But, it does stop things from moving forward that you don't want moving forward, so..."
The filing could be a protective move after 50 Cent was ordered on Friday to pay Lastonia Leviston $5 million as a result of a sex tape that he posted in 2009 allegedly as part of an attempt to stir the pot with rival rapper Rick Ross.
"When you're successful and stuff, you become a target. I don't wanna be a bullseye," Jackson told E!. "I don't want anybody to pick me as the guy that they just come to with astronomical claims and go through all that."
He also added, "I'm taking precautions that any good businessperson would take in this situation."
Starz
Hunter Shkolnik, Leviston's lawyer, told Business Insider, "We think this is a failed attempt to avoid paying this woman who has been hurt so badly by his actions."
In addition to starring in "Southpaw" and appearing in "Magic Mike XXL" this year, 50 Cent executive produces and stars on Starz's hit drama "Power." Later this year, he will release his sixth studio album, "Street King Immortal."
Watch 50 Cent's full interview at E! >>
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- An Ambani disruption in OTT: At just ₹1 per day, you can now enjoy ad-free content on JioCinema
- Markets rally for 6th day running on firm Asian peers; Tech Mahindra jumps over 12%
- Sustainable Waste Disposal
- RBI announces auction sale of Govt. securities of ₹32,000 crore
- Catan adds climate change to the latest edition of the world-famous board game
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market