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Rapper 50 Cent officially no longer bankrupt after paying $22 million

February 3, 2017  |  Posted by: Francesca Falzarano
Rapper 50 Cent officially no longer bankrupt after paying $22 million (Photo by Steve Miller/Getty Images)

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Rapper 50 Cent is officially no longer broke.

A federal judge has dismissed 50 Cent’s bankruptcy case after the rap superstar forked over a $22 million payment.

Bankruptcy Judge Ann Nevins confirmed the report on Thursday in Hartford, Connecticut, The New York Daily News reported.

The rapper exploded onto the music scene back in 2003 with his debut album, “Get Rich or Die Tryin.”

He filed for Chapter 11 back in 2015 — citing debts of $36 million and assets of fewer than $20 million. Nevins accepted a plan in July calling for 50 Cent, whose real name is Curtis Jackson III, to pay back approximately $23 million to creditors.

Attorneys for the hip hop star said Thursday that he paid off the five-year plan early with $8.7 million of his money. Additionally, the rapper paid the rest with the remaining balance with assistance from $13.65 million he was awarded in a recent settlement from a legal malpractice suit against his former lawyers.

50 Cent landed himself in hot water with the judge last year after he kept posting pictures of himself on social media with stacks of money.

Jackson claimed at the time the money were a fake prop used to maintain his image in the persona of 50 Cent the rapper.

“Just because I am photographed in or next to a certain vehicle, wearing an article of clothing, holding a product, sitting next to what appears to be large sums of money or modeling expensive pieces of jewelry does not mean that I own everything in those photos,” Jackson said in court filings at the time..

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