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Rapper-actor 50 Cent filed Chapter 11 bankruptcy just days after a jury determined that he would have to pay $5 million to a woman who sued him over a leaked sex tape.
Now 50, whose real name is Curtis Jackson III, is revealing the details behind the decision.
"I'm taking the precautions that any other good businessperson would take in this situation," he told E! News after the filing. "You know when you're successful and stuff, you become a target. I don't wanna be a bull's-eye. I don't want anybody to pick me as the guy that they just come to with astronomical claims and go through all that."
As for what's at stake for the star, the documents filed in Connecticut Bankruptcy Court put his assets (and debts) between $10 million and $50 million.
And as far as he's concerned, he's in good company when it comes to protecting what he has.
"Walt Disney has filed bankruptcy. Donald Trump has filed bankruptcy," he added. "It means you're reorganizing your finances, but it does stop things from moving forward that you don't want moving forward."