Curtis "50 Cent" Jackson (Team Coco)

50 Cent strikes back at bankruptcy skeptics: "You get a bullseye pinned on your back when you’re successful publicly"

The rapper who made headlines this week for allegedly filing for bankruptcy cleared things up for Conan


Colin Gorenstein
July 16, 2015 6:04PM (UTC)

There's been a lot of back-and-forth (and, inevitably, a lot of terrible jokes, too) about whether or not 50 Cent did actually file for bankruptcy this week. As Mashable reported Wednesday, the Grammy-winning rapper simply filed under "Chapter 11 bankruptcy," a strategy big businesses use for the purpose of retaining control of their assets.

This may not be the best form of publicity for 50 Cent who, at the moment is trying to make his rounds promoting the thriller "Southpaw," which he stars in alongside Jake Gyllenhaal and Rachel McAdams. But it's definitely not hurting him, either.

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The rapper sat down with Conan Wednesday night to unpack the insanity that's unfolded in the last week, first reiterating reports that filing for bankruptcy was a means of "protecting himself."

“You get a bullseye pinned on your back when you’re successful publicly,” 50 cent said. “You become the ideal person for someone.”

Watch the interview courtesy of Team Coco below:


Colin Gorenstein

Colin Gorenstein is Salon's assistant editor of internet and viral content. Follow @colingorenstein or email cgorenstein@salon.com.

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