Where Has The Money Gone-50 Cent Bankruptcy Case

It is very sad to see all these super celebrities who once swam in money to suddenly turn broke and bankrupt overnight.Recently 50 Cent became broke to the extent he asked a United State Court to declare him Bankrupt.However this led us into painstaking research to determine what factors that  led to the case and where his money has gone.

 

Analysis of Curtis Jackson's[ 50 cents] wealth
Curtis Jackson popularly known as 50 Cent is worldwide musical superstar,he is universally known by his unique rapping skills and his gun shot saga.He was known to have amassed many wealth and plenty cash.He was reported to have sold millions of his musical album reaching unimaginable 25 million copies between 2013 to 2009.He was also reported to have invested millions of dollars in  Vitamin water drink which in turn made him a multi millionaire when the company was sold to coca-cola in 2007.He was reported to have been endorsed by many companies such as G-Unit Clothing Company,Reebok, Right Guard.It was reported by Forbes that 50 Cent made around $300 million dollars.

       

50 Cent in Connecticut Court

 Where has the Money Gone

The root of 50 Cent financial issue dates back to his feud and clash with other celebrities, some of the attack almost cost him his life.This hostilities continued and it was the one he had with Rick Ross that dried his account. Consequently the following factors contributed to 50 Cent bankrupt status

Lavish Lifestyle: 50 Cent was known for living a very lavish and extravagant lifestyle he was reported to have acquired many exotic cars like Ferrari,Bentley and even private jets.Before his bankruptcy case, he admitted buying Roll Royce,also his physical look is always adored with gold and costly jewelries.50 Cent amid his bankruptcy case told the court that the parks of dollars he was lying on and the jewelries on his body are just fake.

Reckless and violent Behavior:Violence was not an alien to 50 Cent,he constantly clash with other musical stars and celebrities which led to him being insulted,stabbed and even shot.He took this hostilities to another level with Rick Ross by uploading a sex video of Lastonia Leviston without her consent.50 Cent was alleged to have mock Leviston's body and also made derogatory remark about her by calling her slut.She brought a lawsuit in US Connecticut Court claiming damages for his actions,she was awarded the sum of $7million dollars which should be paid promptly.

Sleek Studio Case:50 Cent was told to pay $17 million to a Head Phone  Manufacturer called Sleek Studio after and arbitration gave an award that G-Unit copied the design of Sleek Audio Product.

Finally we adduce these three factors as the major reasons that brought the current cash crunch for 50 Cent.Please drop your questions,comments and contribution in the box below.