The rap artist 50 Cent
Documents filed to the Connecticut Bankruptcy Court, under his real name Curtis James Jackson III, showed he had assets of between $10 million and $50 million—but liabilities in the exact same range. A Chapter 11 bankruptcy allows Jackson to remain involved in his business interests, while reorganising his personal finances.
His reasons for filing for bankruptcy are not yet known, but the decision came soon after a court order to pay $5 million to a woman for posting a sex tape of her on the internet without her permission.
As a result, Jackson joins a line of celebrities with cash flow problems. Click ahead to find out about other infamous celebrity bankruptcies.
- By Luke Graham, special to CNBC @LukeWGraham