50 Cent files for bankruptcy with a supercar collection at stake
Curtis Jackson, known as 50 Cent, sought Chapter 11 bankruptcy protection in July 2015, despite owning a garage filled with Lamborghinis, Ferraris and luxury SUVs.
Curtis Jackson, better known as rapper 50 Cent, filed for Chapter 11 bankruptcy protection in the US Bankruptcy Court in Hartford in July 2015. The filing followed a court ruling ordering him to pay $5 million in damages related to a civil suit. Despite liabilities reportedly matching his assets at between $10 million and $50 million, Jackson's car collection stood out for its scale and variety.
Highlights from 50 Cent's car collection
Jackson's garage at the time included two Lamborghini Murcielago Roadsters, one finished in chrome and another in blue, and a Lamborghini Aventador. The Lamborghini Aventador, a model also delivered to Dubai Police for patrol use, is known for its 6.5-litre V12 and dramatic styling.
His Ferrari line-up was equally extensive, featuring an FF, an F430, an F50 (which he reportedly named Curtis), and a 599 GTB Fiorano. The Ferrari F50, a rare V12 supercar, has become a collector's item in its own right. Jackson also owned a Bentley Mulsanne, Rolls-Royce Phantom and Ghost, and a pair of bulletproof Chevrolet Suburbans said to be worth $200,000 each. These Suburbans were reportedly built for military use, offering security well beyond standard SUVs.
- 2 x Lamborghini Murcielago Roadster (chrome, blue)
- 1 x Lamborghini Aventador
- 1 x Ferrari FF
- 1 x Ferrari F430
- 1 x Ferrari F50
- 1 x Ferrari 599 GTB Fiorano
- 1 x Bentley Mulsanne
- 1 x Rolls-Royce Phantom
- 1 x Rolls-Royce Ghost
- 2 x bulletproof Chevrolet Suburban
- 1 x Toyota Land Cruiser
- 1 x Pontiac G8
- 1 x Pontiac Firebird Trans Am
Luxury, security and personal taste
Jackson's choices reflected both a taste for performance and an interest in high-profile luxury. The Rolls-Royce Phantom was at one point considered for a full chrome wrap, a plan he abandoned after realising the effect would be overwhelming. The collection also included practical models such as a Toyota Land Cruiser, alongside US muscle in the form of a Pontiac G8 and a Firebird Trans Am.
What happens to the cars in bankruptcy?
With Chapter 11 bankruptcy, assets such as vehicles can be sold or restructured to meet creditor demands, but the court process determines their fate. High-value vehicles like those in Jackson's collection often draw attention from creditors and the public alike. For a look at what can happen when high-profile collections are seized, seeEl Chapo Guzmans Car Collection Gets Seized.
