Bankruptcy is a thing of the past for Queens rapper 50 Cent, who reportedly just finished paying off his nearly $23-million debt.
According to Billboard, bankruptcy judge Ann Nevins approved the discharge of 50’s bankruptcy case yesterday (February 2) after he handed over millions to the people he owed.
Initially, the G-Unit boss was to pay off his debt as part of a five-year plan Judge Nevins approved last July, but a recent financial come-up has the rapper out of the red early.
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50 used nearly $9 million of his own money to pay off his debt, with another $13.65 million coming from a settlement he received in his malpractice lawsuit against the law firm of Garvey Schubert Barer.
The hefty settlement came late last year, and the rapper could be in store for an even larger financial win if a newly filed lawsuit goes as planned.
Earlier this week, we reported that 50 Cent filed a $32-million lawsuit against his former lawyers at the Reed Smith law firm. According to the lawsuit, 50 lost the Lastonia Leviston sex-tape case because of the firm’s lack of preparation.
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To mark 50’s new financial freedom, here are some pictures of him posing with stacks of cash.
