Did MC Hammer teach us nothing? Apart from to not hurt ’em. Coming from da hood and financial nouse rarely go hand in hand
Brother, Can You Spare 50 Cents?
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Musings on the byways of popular culture
Sounds more like a clever scheme to not have to part with his money, perhaps?
The timing of it makes me suspicious at least.
Just to note: as I understand it, Fiddy isn’t actually broke. Far from it.
When we hear “bankruptcy” we tend to envisage moths fluttering from wallets, but in the case of Chapter 11 it’s actually more of a temporary suspension of debt obligations to allow for a restructuring of one’s finances.
Forbes estimated last year that 50 Cent is worth somewhere around €150m. However, the bulk of that is probably tied up in shares, property and other investments. The fact that he’s now incurred a legal bill for $5m+ presents him with a liquidity problem, so he’s filed Chapter 11 to enable him to sell some shit (that’s the “property” form of “shit”, rather than the “illegal narcotics” form) drum up the necessary funds, pay his debts and then proceed with whatever’s left. That’s my understanding of it, anyway.
Much as we would all like the IDCH to be down to his last tuppence, he’s quite probably still stinking rich and will continue to be so.
His money is tied up his crib, his cars, his pools, his jewels.
“If the roof on fire let the motherfucker burn. If you talkin’ bout money, homie I ain’t concerned.”
In retrospect, the precise moment Fiddy flunked his interview to become a volunteer firefighter.
I think Jay-Z and Dr Dre might have something to say about that.
Damn, Forgot about Dre
And Jay.
And, arguably, Ye.
Yo, Bing. Ye ain’t no hood rat, yo.
LOL!