News 50 Cent declaring bankruptcy: Report By CARLA SINCLAIR. special to amNewYork Updated July 13, 2015 1:31 PM Print Share fbShare Tweet Email 50 Cent might not even be worth his namesake. Curtis James Jackson, also known as 50 Cent, filed a personal bankruptcy claim on Monday, the Wall Street Journal reported. The declaration comes days after the "Candy Shop" rapper was slapped with a $5 million lawsuit in a sex-tape trial that included the mother of rival Rick Ross' child. The lawsuit came after Jackson, 40, posted what was supposed to be a private sex tape featuring Ross' former partner Lastonia Leviston and her ex boyfriend (not Ross) to his website, ThisIs50.com, complete with less-than-friendly narration by the rapper. Leviston sued in 2010 for emotional distress. After only 70 minutes of deliberation, a Manhattan jury found him guilty of posting the video. The verdict would have required Jackson to disclose his net worth and tax information to assess how much he should be charged in punitive damages in addition to the $5 million. However, the initial Chapter 11 bankruptcy claim, according to the Journal, shows 50 Cent with $10 million to $50 million in assets and $10 million to $50 million in liabilities, and may be in debt to dozens of creditors. A far cry from the $150 million net worth Forbes estimated him at earlier this year. 50 Cent's publicist could not be reached for comment. By CARLA SINCLAIR. special to amNewYork Share on Facebook Share on Twitter Comments We're revamping our Comments section. Learn more and share your input.