50 Cent breaks his silence after filing for bankruptcy

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Rapper-actor 50 Cent filed for Chapter 11 bankruptcy just days after a jury determined he should pay $5 million to a woman who sued him over a leaked sex tape.

Now 50, whose real name is Curtis Jackson III, reveals the details of the decision.

“I’m taking the precautions that any other good businessman would take in this situation,” he told E! News after filing. “You know, when you’re successful and stuff, you become a target. I don’t want to be a bullseye. I don’t want someone to choose me as the guy they come to with astronomical claims and go through all this .”

As for what’s at stake for the star, Connecticut Bankruptcy Court filings put his assets (and debts) at between $10 million and $50 million.

epa04845508 (FILE) A file photo dated April 01, 2014 of American rapper Curtis Jackson aka 50 Cent at Okecie Airport in Warsaw, Poland. According to media reports, 50 Cent filed for bankruptcy on July 13, 2015. EPA/STACH LESZCZYNSKI POLAND *** Local Caption *** 51308524STACH LESZCZYNSKI / EPA

And as far as he’s concerned, he’s in good company when it comes to protecting what he’s got.

“Walt Disney has filed for bankruptcy. Donald Trump has filed for bankruptcy,” he added. “That means you’re reorganizing your finances, but it’s stopping things from moving forward that you don’t want to move forward.”

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