Author Topic: 50 Cent is illiquid  (Read 1329 times)

force majeure

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50 Cent is illiquid
« on: July 14, 2015, 05:47:39 AM »
Resulting from consumer-debt, not business debts. Not very mustachian at all.

http://www.bbc.co.uk/news/business-33514174

patrickza

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Re: 50 Cent is illiquid
« Reply #1 on: July 14, 2015, 06:02:48 AM »
I see he bought Mike Tyson's mansion. He should have asked Mike why he was forced to sell...

math-ya

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Re: 50 Cent is illiquid
« Reply #2 on: July 14, 2015, 06:15:03 AM »
He's not broke. He's smart. He moved all his cash offshore so he dosent have to pay out this 5m lawsuit. 

CoreyTheMan

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Re: 50 Cent is illiquid
« Reply #3 on: July 14, 2015, 09:17:59 AM »
Yea, I don't think you read that correctly. He is filing bankruptcy to protect his assets and businesses, not because he is broke. That was a smart move.

TheAnonOne

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Re: 50 Cent is illiquid
« Reply #4 on: July 14, 2015, 11:18:41 AM »
Resulting from consumer-debt, not business debts. Not very mustachian at all.

http://www.bbc.co.uk/news/business-33514174

Not only is he not broke, I don't expect a $100+M net worth individual to be Mustachian