Finally it’s had to file neChapter 11 bankruptcy October , closing stores in the process. Guitar Center has been in business for more than 50 years but seems like people are buying fewer and fewer guitars. CheatSheet says its electric guitar sales dropped 36 percent from to Jul 07, · 50 Cent ‘s bankruptcy case has ended, with a judge signing off on a deal that finds the rapper (real name Curtis Jackson) paying out $23 million to his creditors over the next five years, TMZ Author: Jon Blistein. Jul 13, · Rapper 50 Cent files for bankruptcy Curtis James Jackson III, the rapper better known as 50 Cent, filed for bankruptcy on Monday. Documents filed in Connecticut Bankruptcy Court showed Jackson’s.
This is a modal window. Beginning of dialog window. Escape will cancel and close the window. This modal can be closed by pressing the Escape key or activating the close button. The court case stemmed from a video in which the rapper is accused of adding a commentary to a tape that the woman made with her boyfriend and posting it online without her permission, celebrity website TMZ. Lawyers for the rapper could not immediately be reached for comment on the bankruptcy filing.
Notably, the singer does not discuss money management skills:. Video Player is loading. Play Mute. Loaded : 0. Playback Rate. How much more damage could that shell have done? Give me an inch in this direction or that one, and I'm gone". When he left the hospital he stayed in the Poconos with his girlfriend and son, and his workout regime helped him develop a muscular physique. In the hospital Jackson signed a publishing deal with Columbia Records before he was dropped from the label and blacklisted by the recording industry because of his song, " Ghetto Qu'ran ".
Unable to work in a U. They then got into all the markets on the mixtapes and all the mixtape DJs were messing with them. The mixtape featured one new track, " Wanksta ", which appeared on Eminem's 8 Mile soundtrack. Jackson released his debut album, Get Rich or Die Tryin' described by AllMusic as "probably the most hyped debut album by a rap artist in about a decade" , in February Interscope gave Jackson his own label, G-Unit Records , in Dre's Aftermath Entertainment.
In March , Jackson's second commercial album, The Massacre , sold 1. He released " Ok, You're Right ", produced by Dr. On September 3, Jackson posted a video  for the Soundkillers' Phoenix-  produced track, "Flight ", introducing his mixtape and book The 50th Law.
The song, with lyrics inspiring speculation about tension between Jackson and Jay-Z, was a bonus track on the iTunes version of Before I Self Destruct.
In a Contactmusic. Dre amid rumors of tension between Jackson and Dre. He "recorded 20 songs to a whole different album concept" before putting them aside,  wanting his new album to have the "aggression" of Get Rich or Die Tryin '. It was ultimately delayed a year due to disagreements with Interscope Records, with Jackson saying that he would release it in November  with a different title than Black Magic. Jackson released a song, " Outlaw ", from his fifth album on the Internet on June 16, According to the book's publisher, the first-person novel about a year-old schoolyard bully "who finds redemption as he faces what he's done"  was scheduled for publication in January In a series of tweets Jackson told that the delay of his fifth album was due to disagreements with Interscope Records,  later suggesting that it would be released in November with his headphone line SMS by It will all be clear in the negotiations following me turning this actual album in.
And, of course, the performance and how they actually treat the work will determine whether you still want to stay in that position or not. We made two that are definite singles and the other two are the kinds of records that we been making, more aimed at my core audience, more aggressive, more of a different kind of energy to it. Jackson's fifth album, Street King Immortal , was initially scheduled for a summer release and postponed until November Its first promo single , " New Day " with Dr.
Dre and Alicia Keys , was released on July The song was produced by Dr. A solo version by Keys was leaked by her husband, Swizz Beatz. In January , Jackson said he planned to release Animal Ambition in the first quarter of the year, followed by Street King Immortal. Dre: "I'm a special case and situation.
It's also because of the leverage of having the strong relationships with Eminem and Dr. They don't want me to be uncomfortable. They value our friendship to the point that they would never want [to jeopardize] it over that little bit of money. That day, he announced that Animal Ambition would be released on June 3  and released its first track.
The song, "Funeral", was released with a video on Forbes. Produced by Jake One, it is a continuation of "50 Bars" from a previous album; two more tracks were scheduled for release on March I outlined all the things that would be a part of prosperity, positive and negative [for Animal Ambition ].
On May 14, , Jackson revealed in an interview that the first single from Street King Immortal , would be previewed Memorial Day weekend and would likely be released in June. The song, produced by Remo the Hitmaker, features vocals from fellow American rappers 2 Chainz and T. On March 31, , Interscope Records released 50 Cent's final album for the label, a greatest hits album titled Best Of.
On June 25, , The New York Times Magazine listed 50 Cent among hundreds of artists whose material was reportedly destroyed in the Universal fire. Jackson has had a highly successful business career. He is financially invested in a highly diversified variety of industries.
Jackson is now involved in artist and talent management, record, television, and film production, footwear, apparel, fragrances, liquor, video games, mobile apps, book publishing, headphones and health drinks and dietary supplements.
In October , Jackson became a beverage investor when he was given a minority share in the company in exchange for becoming a spokesperson after learning that he was a fan of the beverage. The health conscious Jackson noted that he first learned of the product while at a gym in Los Angeles, and stated that "they do such a good job making water taste good. In over 18 months, Jackson has sold projects to six different networks. Among them was Power , a STARZ drama in which he not only co-stars but also serves as co-creator and executive producer.
Power debuted in June and was renewed for a second season after one episode. Ratings have been a success for Starz. In , Jackson filed an application with the United States Patent and Trademark Office to register the term "50 Cent" as a trademark for clothing, sound recordings, and live performances.
The application was published in , and registration issued in In July , Jackson launched a philanthropic initiative to provide food for one billion starving people in Africa by , joining Pure Growth Partners to introduce Street King. The partnership coincides with Jackson's goal to feed a billion people in Africa during the next five years.
It's our mission with Street King to really change children's lives around the world. In , Jackson became a minority shareholder in Effen Vodka, a brand of vodka produced in the Netherlands, when he invested undisclosed amount in the company Sire Spirits LLC.
The rapper was asked to take part in two promotional bottle signings, one in Oak Creek and another in Sun Prairie. Jackson made an appearance at Liquor Warehouse in Syracuse, New York on April 25, where he reportedly sold 1, bottles gallons of Jackson's signature liquor brand. The joint venture is partnered between Jackson, basketball player Carmelo Anthony , baseball player Derek Jeter and Mathias Ingvarsson, the former president of mattress company Tempur-Pedic.
Jackson became the chief fashion designer for the brands single pair of Frigo boxers. Over the years, Jackson invested his earnings from music and celebrity endorsements in an array of privately controlled companies, real estate, and stocks and bonds. Unable to sell his Connecticut mansion, Jackson postponed Before I Self-Destruct due to the severity of the economic downturn. His endorsements company G Unit Brands Inc.
Jackson bought stock in the company on November 30, , a week after it offered buyers million shares at 17 cents each. Jackson later made a stock recommendation on Twitter, causing its share value to rise from four cents to nearly 50 cents 32p each, closing on Monday at 39 cents 25p. Jackson was later investigated by the Securities and Exchange Commission for breaching securities laws following his tweet which may have constituted allegations of Insider trading via his Pump and dump stock investment strategy.
Jackson has been involved in the mining and precious metals industries. Licensed to promote in New York , he was in the process of being licensed in Nevada where most major fights are held in the U. A former amateur boxer, Jackson signed gold medalist and former featherweight champion Yuriorkis Gamboa and middleweight Olympic medalist Andre Dirrell.
They unveiled plans to challenge the box-office dominance of mixed martial arts and change the landscape of boxing with TMT Promotions. In , Jackson was the second wealthiest rapper in the hip hop industry, behind Jay-Z.
He also appears on the Starz television show Power where receives [ when? On July 13, , Jackson filed for Chapter 11 bankruptcy protection in the U. The court filing says he also owes money to his stylist, his barber and his fitness coach. The suit, with 15 causes of action , was dismissed by a judge who called it "an unfortunate tale of a love relationship gone sour. Marquise's birth changed Jackson's outlook on life: "When my son came into my life, my priorities changed, because I wanted to have the relationship with him that I didn't have with my father".
I don't want him to be one, though" ,  and has "50", "Southside" and "Cold World" on his back: "I'm a product of that environment. It's on my back, though, so it's all behind me". In , Jackson supported President George W. Bush after rapper Kanye West criticized Bush for a slow response to the victims of Hurricane Katrina.
By all means, I don't aspire to be like George Bush. I've encouraged same-sex activities. I've engaged in fetish areas a couple times. Despite having numerous songs that reference drug and alcohol usage, Jackson remains teetotal , citing a bad experience with alcohol as his main reason. Forbes noted Jackson's wealth in , ranking him second behind Jay-Z in the rap industry. In December , he told the Canadian press that he had lost several million dollars in the stock market and, unable to sell his Connecticut mansion, had postponed Before I Self-Destruct because of the economic downturn.
In , regarding his beef with Meek Mill, he commented "You know, he's really not that bright. That kid is not that bright" he said. Jackson endorsed Democratic candidate Hillary Clinton in the run-up for the U.
He was arrested again three weeks later, when police searched his home and found heroin, ten ounces of crack cocaine and a starter's pistol. Although Jackson was sentenced to three to nine years in prison, he served six months in a boot camp where he earned his high-school equivalency diploma. According to him, he did not use cocaine.
The rapper was charged with two counts of criminal possession of a weapon. Jackson was sentenced to two years' probation on July 22, for a May incident, when he was charged with three counts of assault and battery after jumping into an audience when he was hit by a water bottle.
Jackson filed a lawsuit against an advertising company, Traffix of Pearl River, New York , on July 21, for using his image in a promotion he said threatened his safety.
He was alerted by a staff member to an Internet advertisement on a MySpace page. Although the ad did not use his name, the image allegedly resembled him and suggested that he endorsed the product.
The lawsuit, calling the ad a "vile, tasteless and despicable" use of Jackson's image which "quite literally call[ed] for violence against him", sought unspecified punitive damages and a permanent injunction against the use of his image without permission.
The case was settled out of court. The janitor was a hearing-impaired , autistic teenager named Andrew Farrell. The parents of the janitor had seen the viral video as disrespect and wanted to sue Jackson for his action against their child. In , a judge declared that Brandon Parrott gave Dr. Dre and 50 Cent the rights to "Bamba" for the song "P.
Model-actress Daphne Joy accused Jackson of kicking her and ransacking her bedroom during an argument at her condominium in the Toluca Lake neighborhood of Los Angeles on June Judge Ann Nevins has ordered Jackson back to court because of Instagram messages he made over several months.
In March , Jackson claimed that he would no longer use Instagram , electing instead to have his profile page operated by someone else. Records , saying that a friend robbed jewelry from Ja Rule and the latter accused him of orchestrating the robbery. An excerpt read:. The investigation has uncovered a conspiracy involving McGriff and others to murder a rap artist who has released songs containing lyrics regarding McGriff's criminal activities.
The rap artist was shot in , survived and thereafter refused to cooperate with law enforcement regarding the shooting. Messages transmitted over the Murder Inc. The end of the Jackson-Ja Rule feud was confirmed in May According to Ja Rule, "I'm cool.
We ain't beefing no more. We'll never collaborate. That's just what it is. You don't have to be at war with somebody, but it's also kind of like U. We don't gotta go to war, but we're not friends either.
But we can coincide inside of a world. He's doing him, and he's not thinking about me, and I'm doing me and I'm not thinking about him. On August 7, , the feud between the two rappers later reignited when Ja gave a feedback to a social follower via Twitter over a similar feud between Meek Mill and Drake.
Enraged, Jackson later responded back with photos and comments via Instagram, only siding with Drake. Although Jackson was close to The Game before the latter released his debut album, The Documentary , they grew apart. After The Documentary ' s release, Jackson felt that The Game was disloyal for saying that he did not want to participate in G-Unit's feuds with other rappers such as Nas , Jadakiss and Fat Joe and his desire to work with artists with which G-Unit was feuding.
He said that he wrote six songs for the album and did not receive proper credit, which The Game denied. After the announcement, The Game a guest earlier in the evening tried to enter the building with his entourage. After they were denied entry, one of his associates was shot in the leg in a confrontation with a group of men leaving the building.
Potato Head and parodies of other rivals. Dre to fire him. In October , The Game made a peace overture which was not immediately answered to Jackson,  but two days later he said on Power that the peace offer was valid for only one day. He said in July that the feud had ended with help from Michael Jackson and Diddy ,  and apologized for his actions. The following day, Ross appeared on Shade 45 Eminem's Sirius channel and told Jackson to come up with something better in 24 hours.
Before leaving for Venezuela , Jackson uploaded a video "Warning Shot", telling Ross "I'ma fuck your life up for fun" [ citation needed ] and the first of a series of "Officer Ricky" cartoons. In early February he uploaded a YouTube video in which he interviewed "Tia", the mother of one of Ross' children; according to her, Ross is in reality a correctional officer.
Asked about the dispute between Jackson and Ross, he sided with Jackson and offered to mediate: "Rick Ross, holla at your boy, man" and "50 eating you, boy. When the song was released, Ross said that he ended Jackson's career. You ever seen the movie? He's Albert," Jackson replied in an interview.
You get a guy that was a correctional officer come out and base his entire career on writing material from a drug dealer's perspective such as "Freeway" Ricky Ross. Gunplay's Maybach Music diamond necklace was stolen during the brawl, and several days later Jackson appeared at a Washington, D. From Wikipedia, the free encyclopedia. American rapper and businessman. For the currency amount, see 50 cents. For other uses, see 50 Cent disambiguation.
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