Rapper 50 Cent may soon change his name to 5 cents — the amount he’s worth after losing a multimillion dollar lawsuit last week.
The 40-year-old rapper, whose real name is Curtis James Jackson III, is crying broke after filing for bankruptcy on Monday. The court filing comes just days after a Manhattan jury awarded $5 million to Lastonia Leviston, who sued him for releasing her sex tape online without her permission in 2009.
Leviston is a former girlfriend and baby mama of rapper Rick Ross, with whom Jackson had beef.
Jackson narrated the sex tape in a 13-minute video in which he appeared wearing a curly wig as a fictional character named Pimpin’ Curly.
Jackson claims he got the tape in 2008 from the man who is being serviced by Leviston in the sex tape.
Jackson testified in court that he was “just joking” with the woman whom he referred to as a “porn star.”
Leviston, of Pembroke Pines, Florida, told the court she was horrified and humiliated when she saw herself engaging in consensual sex with her then-boyfriend online.
The “Get Rich or Die Tryin'” rapper filed for Chapter 11 bankruptcy at the U.S. Bankruptcy Court in Hartford, Conn., on Monday.
In court papers Jackson claimed debts of $10 million to $50 million each.
Jackson is advised to scrub his social media accounts of all photos displaying obscene amounts of cash, such as the above photo of Jackson stuffing $2 million in cash into the trunk of his Lamborghini.
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