Hip-hop veteran 50 Cent isn’t taking his recent financial troubles too hard.
At the “Southpaw” press junket on Monday the rapper, whose net worth Forbes valued at $155 million, told E! News that filing for chapter 11 bankruptcy merely meant he is “reorganizing [his] finances,” allowing him to “stop things from moving forward that you don’t want moving forward.”
What 50, né Curtis Jackson, suggested he doesn’t want “moving forward” is the $5 million in damages that he now owes after a judge determined that he leaked a woman’s sex tape.
Also Read: Starz's 'Power' Hits Ratings Records With Season 2 Premiere
“When you’re successful and stuff, you become a target. I don’t wanna be a bullseye,” Jackson said. “I don’t want anybody to pick me as the guy that they just come to with astronomical claims and go through all that.”
After noting previous bankruptcy filings by Disney and Donald Trump, he added, “I’m taking precautions that any good businessperson would take in this situation.”
Not to worry, the rapper said, his “decent” legal team has 50 Cent in good hands.
Also Read: 50 Cent Slams Jay Z's Tidal, Claims He Could Have Made It 'More Exciting' (Video)
Watch 50 Cent’s full interview below.