50 Cent is breaking his silence after filing for bankruptcy Monday morning.
Legally named Curtis Jackson III, the rapper turned actor who’s trying his hand at business is valued between 10 and 50 million dollars in assets.
According to the bankruptcy documents filed, Jackson has liabilities of equivalent value.
Jackson’s debts are reportedly consumer by nature; his documentation lists 49 creditors.
His attorney issued a statement Monday confirming the rapper is reorganizing his finances.
Jackson more cavalierly described his circumstances as a means of good business by rearranging his finances under federal protection.
He said, “Walt Disney has filed bankruptcy. Donald Trump has filed bankruptcy…It means you’re reorganizing your finances.”
On Friday a New York jury ordered Jackson to pay Lavonia Leviston $5 million for distributing a video of sexually explicit nature online without her consent.