A bankruptcy watchdog group has told rapper 50 Cent to diversify his portfolio ahead of the artist’s bankruptcy proceedings. From the Wall Street Journal:
U.S. Department of Justice lawyers are pushing for the 40-year-old entertainer, whose real name is Curtis James Jackson III, to take extra steps to protect $7,019,155.11 he’s keeping in three investment accounts.
That investment money makes up a healthy chunk—roughly 25%—of his net worth, lawyers said in documents filed Tuesday in U.S. Bankruptcy Court in Hartford, Conn. Yet only $567,722.30 of that money was insured by the Federal Deposit Insurance Corp. as of July 31, court papers said.
There’s part of me that really wants to believe that Curtis Jackson is like a real life Stringer Bell. He’s street smart, he’s trying to become business smart, but will he make it? Or will he just get re-consumed by the ghetto?
And since I have nothing else to add: