The In Da Club singer filed for Chapter 11 bankruptcy cover on Monday, leading many to speculate on the state of the star’s finances.
40-year-old 50, whose real name is Curtis Jackson, was spotted just flashing the cash just days previously, enjoying a club night for his birthday.
Curtis, who was apparently carrying around $5,000 around in one hundred dollar bills for the night, has reported debts ranging from $10 to $50 million.
But despite the dire state of affairs, 50 seems surprisingly positive about things.
‘It means you’re reorganising your finances, but it does stop things from moving forward that you don’t want moving forward.’
This latest news comes just three days after a jury ordered the rapper to pay $5 million to Lastonia Leviston, after her sex tape was used in a video he was also involved in.
50 allegedly released the tape in 2009 in order to embarrass his rival Rick Ross - who has a child with Leviston.
Curtis made his millions from various business ventures in the last decades, as well as his rap career.
In 2007, he sold VitaminWater for $100 million, and hopes to repeat this with his businesses Effen Vodka, Frigo underwear and SMS headphones.