Rapper 50 Cent files for bankruptcy

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In a Reuters interview, 50 Cent says his filing for bankruptcy protection was a "strategic business move."
Rapper 50 Cent has filed for bankruptcy. PHOTO: REUTERS

(Reuters) - Grammy-award winning rapper 50 Cent filed for Chapter 11 protection on Monday under his real name, Curtis James Jackson.

The rapper, known for songs such as Candy Shop and That Ain't Gangsta, reported both assets and debts of US$10-50 million.

The bankruptcy documents were filed at the US Bankruptcy Court in Hartford, Connecticut.

His attorney was not immediately available for comment.

The filing comes days after a jury directed the rapper to pay US$5 million (S$6.8 million) to a woman who sued over a sex tape, the Associated Press reported.

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