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World Service,1 min

50 Cent: Bankrupt, broke or rich?

Newsday

Available for over a year

In May last year he was estimated to be worth $155m and he was ranked in hip-hop's top five richest artists. He's got 19 bedrooms, 26 bathrooms and earnings from records, films, headphones, vodka, bottled water, boxing, mining, underwear... you get the point. And his most famous album... Get Rich or Die Tryin'. But 50 Cent filed for bankruptcy after a jury ruled he had to pay $5m to a woman suing over a leaked sex tape. But being bankrupt and being broke are two different things. His lawyer says he'll be able to "continue his involvement with various business interests and continue his work as an entertainer". But a judge is now said to be angry at pictures on Instagram which show 50 Cent surrounded by large bundles of cash. In one his fridge is full of them, in another he is lying on his bed surrounded by dollar bills. In the US, there are different types of bankruptcy. This one, called Chapter 11, can be used for big debts. It lets the rapper "reorganise" his finances while putting off debt payments in the meantime. He'll be able to keep his assets and should still be able to get an income from his business interests too. Many see it as a legal loophole. Newsday spoke to American reporter Steve Merczynski. (Pic - one of the pictures posted by 50 Cent on Instagram)

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