This past week, the "In Da Club" rapper filed for chapter 11 bankruptcy in Hartford, Connecticut, reporting assets and debts between $10 million and $50 million, according to court documents.
The filing came just days after 50 Cent, whose legal name is Curtis James Jackson III, was ordered to pay $5 million to a woman who sued him after he allegedly acquired a sex tape of her and her boyfriend, and then shared it online without her consent.
"I'm not panicking. People love tragedy more than they love good news, no matter how you look at it. The news comes on, and it's 90 percent tragedy," 50 Cent told ET's Kevin Frazier. "I have faith in the court systems."
His bankruptcy does comes as a shock.
In May, Forbes estimated 50 Cent's net worth at $155 million, thanks in large part to a minority stake in VitaminWater, putting him in the top 5 wealthiest hip-hop artists. As a shareholder of the brand, 50 Cent made an estimated $100 million after taxes when it was sold to Coco-Cola in 2007.