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Curtis Jackson

This has been a BAD week for 50 cent.

Curtis Jackson (aka 50 Cent), filed for chapter 11 bankruptcy protection earlier today.

The court papers that were filed shows that the In Da Club singer’s economic woes are largely due to “consumer debts”. That must have been one serious shopping spree as it was only in May that Forbes had estimated his net worth as €127million.

According to the Wall Street Journal, the 40-year-old reported assets and debts ranging from €9-45 million.

Well, this makes us feel A LOT better about our own overspending problems.

It was only days ago that 50 Cent was ordered to pay a woman €4.5million for releasing her sex tape without her permission.

The 13-minute video was of Lastonia Leviston, the ex-girlfriend of 50 Cent’s nemesis and fellow rapper, Rick Ross. The sex tape includes explicit commentary by Mr Jackson and cuts to a shot of him wearing a wig and playing a character called Pimpin’ Curly.

The hefty sum obviously did more that tug on his purse strings as it was after the lawsuit that the hip hop mogul filed for bankruptcy. 



It looks as if Zayn Malik may be leaving Simon Cowell’s record label, Syco, to go and work with rapper 50 Cent instead.

50 Cent, whose real name is Curtis Jackson, has already admitted to wanting to work with Zayn. “I want it to happen,” he told the Sunday Mirror.

“I can make him a lot of money and he can make me a lot of money,” Mr Jackson said. “The point I am making is he needs to be working with the right producers, artists, and people in the genre.”

The 39-year-old hip hop and fashion mogul has reportedly wooed Zayn by telling him that if he tries to make rap music with a pop label it could be “a little cringe, and he doesn’t want that.”

While Zayn maintained that his reason for leaving 1D was because he wanted to lead a normal life, it looks as if Perrie Edward’s fiancé has already begun work on his career as a solo artist.

Zayn has been working with producer friend Naughty Boy but their relationship has already been ensnared in controversy. 

The rapper MIC Righteous released a track that had Zayn's vocals on it. But Naughty Boy instantly claimed that the track was stolen and unfinished. 

The producer tweeted saying “Just wait for the real one… you won’t be disappointed. That had nothing to do with me or Zayn, something was stolen from the hard drive that had nothing to do with the rapper involved.”

As the La La La producer has already been involved in a heated Twitter feud with Louis Tomlinson, it looks as if Zayn could be playing it safe by jumping to 50 Cent’s label and avoiding any further controversy.