Tag Archives: bankruptcy

The Guardian:”If you laughed when 50 Cent went bankrupt, you don’t understand hip-hop!”

When a rapper with as high a profile as 50 Cent declares bankruptcy, you could power a small nation with the schadenfreude. Twitter wags – inevitably – weighed in, with various puns on Curtis Jackson’s chosen alias, while others laboured to make jokes about the EU bailing him out. Newspapers printed pictures of him festooned with gold and captions advising him to visit the nearest branch of Cash Converters. There were few well-wishers, or people organising volunteers to run “a mile for Fiddy”.

On the face of it, this gleeful celebration of misfortune is hardly surprising. The setback follows hard on the heels of a jury ordering Jackson to pay $5m in an invasion of privacy case that saw him delivering a tasteless and unfunny narration over a sex tape. 50 Cent’s larger than life approach – encompassing a hugely successful rap career (2003’s album Get Rich or Die Tryin’ sold over 12m copies that year alone), high-profile business ventures (his stake in Vitaminwater is rumoured to have made him $100m), spats with other rap stars such as The Game and Rick Ross, and acting (he plays the trainer in the recent Jake Gyllenhaalfilm Southpaw) – was bound to have commentators chiding him for his hubris when he hit a bump in the road.