50 Cent Bankruptcy Case is Finally Closed With a $23 Million Pay Out

50 Cent Bankruptcy Case is Finally Closed With a $23 Million Pay Out

No more talk on being broke.

Hubwav Staff
posted by at Jul 7, 2016 at 6:38 pm
contributor at hubwav

Just last year, 50 Cent declared bankruptcy, but by the looks of his Instagram and his extreme flossing he wasn’t that broke after all. But with all of this talk about whether 50 was broke or not, has finally come to an end because ya boy was tired of being “broke.”

50 Cent’s bankruptcy case has finally ended, with a judge signing off on a deal that finds the rapper paying out $23 million to his creditors over the next five years, according to TMZ. The $23 million will consist of $17 million to Sleek Audio and $6 million to Lastonia Leviston (50 Cent bought her sex tape narrated it, which she claims pushed her to almost committing suicide).

“Mr. Jackson is pleased that the Bankruptcy Court approved his plan of reorganization today, less than one year after filing for chapter 11 to reorganize his financial affairs,” 50’s lawyer said.

50 Cent is definitely a happy man right now–especially after doing some deals with EFFEN Vodka. Let’s see how much he’ll make it rain at the strip club to celebrate.

Photograph via USA Today