50 Cent, who accepts Bitcoin for his online shop, has filed for chapter 11 bankruptcy under his legal name Curtis James Jackson II in bankruptcy court in Connecticut. The rapper has played off the filing as a cost of doing business, even making light of the situation, recently posing next to a smart car for an Instagram photo as if to make fun of his current circumstances. The Southpaw actor has been open about his decision to file for chapter 11.
“I’m taking the precautions that any other good businessperson would take in this situation,” the rapper told E! News about his current bankruptcy filings. “You know when you’re successful and stuff, you become a target. I don’t wanna be a bull’s eye. I don’t want anybody to pick me as the guy that they just come to with astronomical claims and go through all that,” the rapper says about his choice to file. 50 Cent takes a realistic approach