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50 Cent Claims He’s Broke in Federal Bankruptcy Filing, Owes Creditors $28 Million

The rapper lays out all of his personal debts in new legal documents

Curtis “50 Cent” Jackson is claiming that he is broke and owes creditors over $28 million, according to a federal Bankruptcy Court filing released Thursday.

The rapper, whose motto is “Get Rich Or Die Tryin,'” lists his biggest unpaid creditor as Florida-based Sleek Audio in the legal documents obtained by TheWrap. The company won a $18,428,257 judgment against the hip-hop mogul after the company claimed he stole their design. Jackson has unsuccessfully been appealing the ruling.

Next on the list of creditors is Lastonia Leviston, who sued Jackson after claiming he put her private sex tape on the Internet and doctored it. Last week, a Manhattan jury ordered the “Power” star and executive producer to pay $5 million to the Florida woman after she said she suffered from emotional distress and invasion of privacy.

In the doctored 2009 clip, Jackson serves as a commentator named Pimpin’ Curly narrating a video made by Leviston and her then-boyfriend. Wearing a wig, he makes crude comments about Leviston and his rap rival Rick Ross, with whom she has a daughter.

Totaling $28,478,920.75, Jackson’s other debts include $1,737.33 that he owes to his grandfather, $137,880 to Bentley for the car he leases and more than $1 million in legal bills.

In the wake of his financial troubles, the “Southpaw” actor posted a photo on Instagram suggesting he’d downsized his flashy wheels to a Smart Car, writing: “Times are hard out here LMAO #EFFENVODKA #FRIGO #SMSAUDIO.”



Pamela Chelin contributed to this report.

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