Rappers Who Lost All Their Money
Many rappers try to convey a certain lifestyle of material success. These artists don't want to just talk about watches, jewels, and stacking paper. They also want to walk the walk, too. But it doesn't always work out like that. Here are some big-talking rappers who've gone totally broke.
For 50 Cent, cash flow at one point seemed to be endless. In 2015, the New York Post reported he'd sold almost 30 million albums, made a reported $60 to $100 million on his investment in Vitamin Water, had endorsement deals with companies including Reebok and Right Guard, and owned a successful record label and clothing company. The Washington Post estimated his net worth at half a billion dollars in 2010.
When 50 Cent filed for bankruptcy in 2015, he was making $185,000 a month, but $72,000 of that went to his 18-bedroom house which is far from his only monthly expense. While he admitted at the time to have recently bought a Rolls-Royce, he said most of the cars, jewelry, and jets he showed off on social media were actually borrowed or rented.
But his big problems came from the illegal stuff he did. As part of a feud he had with rapper Rick Ross, he decided to shame the mother of Ross' child in a truly disgusting way. 50 Cent purchased an adult tape of the woman, added a voiceover making fun of her, and put it online without her knowledge or consent.
A judge ordered him to pay $7 million in damages. He was also found guilty of copying his G-Unit headphone design from another company, and a judge made him pay $17 million for that transgression. 50 Cent immediately filed for bankruptcy, saying these judgments plus other debts exceeded his $25 million net worth.
According to Rolling Stone, he settled his bankruptcy case in 2016, promising to pay $23 million to his creditors over five years.
MC Hammer probably had good reason to think the good times would never end. His 1990 album Please Hammer, Don't Hurt 'Em is one of the best-selling hip-hop albums of all time. Forbes estimates that at the height of his success, Hammer's net worth was around $33 million. But just six years after the release of his super-successful third album, he filed for bankruptcy in one of the most famous celebrity financial disasters of all time. Keep watching the video to see more Rappers who lost all their money!
50 Cent | 0:16
MC Hammer | 1:43
Lil Kim | 2:57
Bow Wow | 4:13
Lisa Lopes | 5:29
DMX | 6:45
Nas | 8:08
Fat Joe | 9:28