How in the world can you be worth 155 million one month and file for Chapter 11 3 months later? Something is up Mr. Frigo, aint no way!
According to Forbes
Though he’s of the most successful rappers of the past decade, 50 owes most of his fortune not to music but to his $100 million haul from the sale of VitaminWater in 2007. He hopes to repeat the feat with stakes in new ventures including SK Energy, Effen vodka, Frigo underwear and SMS headphones, whose value increased in the wake of Dr. Dre’s Beats deal.
According to the great people at the Wall Street Journal, 50 has between 10 and 50 million in assets so this filing might seem bit puzzling. The truth is there is some speculation that there is method to the mogul’s madness.
He was just ordered to pay $5 million the the mother of Rick Ross’s child for leaking a sex tape, this is probably one of the ways he thinks he can avoid paying and adhering to the court order.
Good luck Curtis! But you might be shooting yourself in the foot! Just sayin!