(AllHipHop News) Curtis “50 Cent” Jackson has continued to expand his business portfolio with new music, television shows, and product endorsements. However, it appears the New York City mogul still owes a lot of money to his creditors.
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It was originally estimated in July that 50 was about $26 million in the red, but Bossip is now reporting 50’s debt is over $28 million. The website reports:
50 aka Curtis Jackson filed for bankruptcy last July, just days after a New York jury awarded Rick Ross’ baby mama $5 million in the legal battle over her leaked sex tape. According to his Chapter 11 petition, the rapper claimed his assets were between $10 and $50, million but his liabilities were in the same range.
The rapper also lost a legal battle with his ex-business partners over a failed headphone deal and was slapped with a $17 million dollar judgement in that case. The total amount of liabilities 50 Cent lists for his top 20 creditors comes to a total of $28,478,920.
50 is hoping to bring in some additional funds through a lawsuit against longtime rival Rick Ross. The Maybach Music Group boss was hit with a $2 million lawsuit for using 50’s “In Da Club” track on his #RenzelRemixes mixtape.
[ALSO READ: 50 Cent Files $2 Million Lawsuit Against Rick Ross Over “In Da Club”]