Quoting a user from Reddit by the name of Doctor_Kitten. He/she found this post on Facebook from someone so take what you will from it:
People don't understand business if they think 50 Cent is broke. He filed for bankruptcy so he doesn't have to pay Rick Ross baby mama $5 million. Why give away 5% of your net worth or 50% of your liquid cash if you don't have to? He said in a recent radio interview that Curtis "50 Cent" Jackson as a person, doesn't have a lot of liquid cash, but his businesses/corporations do. This is a move that rich folks use in case of law suits like these and for tax reasons. I don't have anywhere close to as much money as 50, but I own a couple of successful businesses & even I know this little trick. So with him making sure he doesn't have that much liquid cash, his next move was to protect his assets so that they can't come after it. This is what he has achieved by filing for bankruptcy. His just a smart business man that knows what he is doing. So with his "limited" liquid cash & his assets being protected with him filing for bankruptcy, he has ensured that Rick Ross baby mama will not be seeing $5 million. She will definitely see some money though. Maybe a few hundred thousand or a million at most.
Interesting thought. 50 always seemed smarter than other rappers with all his investments in different companies instead of cars and such. Not that he doesn't have some really nice things. Then again there is also a video of him stashing a million in cash in a Lamborghini. So take that as you will.
"His [sic] just a smart business man that knows what he is doing." Yes, smart businessmen put assets in jeopardy then take moves to protect those jeopardized assets. A real Jack Bogle or Warren Buffett...
Quoting a user from Reddit by the name of Doctor_Kitten. He/she found this post on Facebook from someone so take what you will from it:
Interesting thought. 50 always seemed smarter than other rappers with all his investments in different companies instead of cars and such. Not that he doesn't have some really nice things. Then again there is also a video of him stashing a million in cash in a Lamborghini. So take that as you will.
"His [sic] just a smart business man that knows what he is doing." Yes, smart businessmen put assets in jeopardy then take moves to protect those jeopardized assets. A real Jack Bogle or Warren Buffett...