From Riches to Rags, Celebrities Who Went Broke

From Riches to Rags, Celebrities Who Went Broke

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They say life is a full-circle. When you’re up, you’ll come down sooner or later. And when you’re down under, you’ll rise up in time. While not always necessarily true, the rise and fall of people amuses us.
Often, we like success stories — stories of the poor becoming well-off, stories of the marginalized becoming empowered. But we are curious, too, of stories of failures, especially in the world of show business.

50 Cent

50 CentCurtis Jackson, better known as rapper 50 Cent, was once worth an estimated $155 million, according to Forbes, and now he’s just filed for Chapter 11 bankruptcy protection.

“In court papers filed in the US Bankruptcy Court in Hartford, Conn., Mr. Jackson reported assets and debts each in the range of $10 million to $50 million,”The Wall Street Journal reports.

The filing comes just three days after the “Get Rich or Die Tryin'” rapper was ordered to pay $5 million to his rival Rick Ross’ ex-girlfriend, Lastonia Leviston, who sued him for posting a sex tape online to millions of viewers in an attempt to embarrass Ross.

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