50 Cent has declared assets of $16 million in bankruptcy documents, according to TMZ.
The Queens, New York rapper claims real property of approximately $8.8 million and bank accounts that total $7.4 million. His other assets push the total to a little more than $16 million.
50 Cent filed for bankruptcy in July.
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“It’s for protection,” he said at the time, “so I’m not taken advantage of.”
In August 2008, 50 Cent topped Forbes’ “Hip-Hop Cash Kings” list thanks in large part to his stake in Vitamin Water, which was purchased by Coca Cola. The rapper reportedly earned $150 million that year.
In May 2015, Forbes published its “Hip Hop’s Wealthiest Artists 2015” list and estimated 50 Cent’s net worth at $155 million. The G-Unit artist’s deals with Frigo underwear, Effen Vodka and his SMS audio company were among his businesses cited in the evaluation.
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