According to one of Jackson’s attorneys,
“This filing for personal bankruptcy protection permits Mr. Jackson to continue his involvement with various business interests and continue his work as an entertainer, while he pursues an orderly reorganization of his financial affairs.”
The pioneer rap star closed a $78 million dollar deal with FRIGO Revolution Wear in 2014, founded one of the top competitors to Dre Beats with SMS Audio, earned triple share in Vitamin Water after the beverage was bought by Coca Cola in 2007, which were the least of his business ventures landing the mogul at a $155 million dollar Forbes List net worth.
Hopefully 50 Cent will keep his hopes high and get his finances back on track.
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