Posted: Jul 13, 2015 12:56 PM CDT
Updated: May 17, 2016 09:33 AM CDT
Rapper 50 Cent, whose real name is Curtis James Jackson III, is the latest celebrity to go broke, filing for bankruptcy in a Hartford, Connecticut, court on July 13. He is seeking Chapter 11 bankruptcy, and according to the documents filed by his attorney he owes between $10 million and $50 million to his creditors. Here's a look at other celebs who have gone from bank to bust:
Mekhi Phifer, best known for his roles in "8 Mile" and as Dr. Greg Pratt on NBC's "ER," filed for bankruptcy in April 2014 after racking up approximately $1.2 million in back taxes, $50,000 in lawyer fees and $4,500 in back child support.
Betsey Johnson -- In 2012, the fashion maven declared bankruptcy due to $4.1 million in debts owed to several manufacturers.
Allen Iverson -- He was NBA Rookie of the Year in 1996 and raked in $154 million over his career, but Iverson lost everything in 2012.
Natalie Cole -- Nat King Cole's daughter -- a talented singer in her own right -- went bankrupt in 1997 after a career marked by both award-winning success and personal lows as a drug abuser.
Sly Stone -- After decades of opulence and substance abuse, the front man of the soul/funk band Sly and the Family Stone lived for a while in a van parked on a street in Los Angeles.
Stephen Baldwin (left) -- In 2009, the baby of the Baldwin family hit rock bottom with debts around $2.3 million. The following year, he narrowly escaped jail for tax evasion.
Jon Gosselin -- The reality TV star lost everything after he and Kate divorced and their TLC show "Jon & Kate Plus 8" was canceled.
Cyndi Lauper -- In 1981, the singer was forced to declare bankruptcy after a record with her band Blue Angel flopped spectactularly. Three years later, though, she became an international superstar.
Courtney Love -- After discovering that members of her entourage had allegedly stolen $20 million of Kurt Cobain's money in the early 2000s, she began binging on drugs and was eventually evicted from her townhouse after setting it on fire.
Willie Nelson -- In 1990, the country legend's bank accounts and real estate holdings were seized when he owed the IRS a cool $16.7 million.
Terrell Owens -- By 2012, the mouthy wide reciever had blown through most of his entire $70 milliion fortune.
T Boz Watkins (right) -- The leader singer of TLC first filed for bankruptcy in 1995 due to a famously short-shifting record deal, then again in 2011.
Sheryl Swoopes -- The former WNBA star made around $50 million at the height of her career, but lost it all in bad investments and poor business management.
Sarah Ferguson, duchess of York, speaks at a UN press conference to brief the press on the situation in Chile and need for aid following a massive 8.8 earthquake that struck the central part of the country on Feb 27, 2010.
Randy Quaid -- The Golden Globe winner lost $1 million in bonds after skipping out on a court date in 2010 and was then arrested with his wife for squatting in a random Santa Barbara, California, home. They're currently hiding out somewhere in Canada.
Pamela Anderson -- The "Bay Watch" star went broke in 2009 after owing $800,000 to the company who built her extravagent Malibu mansion and being hit with a $1.7 million tax bill.
Nicolas Cage -- In 2009, the Oscar winner skipped out on $6 million in taxes and was forced to put several properties on the market, narrowly escaping bankruptcy.
Mike Tyson -- He made more than $300 million a year as a world champion boxer, but had totally depleted his fortune by 2003.
Michael Vick -- The NFL star went bankrupt in prison in 2008 while serving time for a dog-fighting scandal.
Marion Jones -- Fans were crushed in 2007 when the sprinter admitted to taking steroids before the 2000 Summer Olympics. Stripped of her five medals, she was also down to a bank balance of just $2,000 at the time.
Lorraine Bracco -- Known for her role on "The Sopranos," she was forced to file bankruptcy in 1999 after a bitter custody battle and divorce from Harvey Keitel left her penniless.
Lindsay Lohan -- The IRS seized the former Disney star's bank accounts in 2012 after she skipped out on paying more than $900,000 in back taxes.
Kim Basinger -- She declared bankruptcy in 1993 after losing an $8 million lawsuit for backing out of the movie "Boxing Helena," selling the Georgia town she randomly "bought" for $20 million.
Joe Francis -- His "Girls Gone Wild" franchise declared bankruptcy in 2013 after owing more than $16 million in disputed claims.
Gary Busey -- With less than $50,000 in assets and up to $1 million in debts, the 67-year-old actor filed for Chapter 7 bankruptcy in 2012.
Donald Trump -- Believe it or not, Trump has filed for bankruptcy four times -- in 1991, 1992, 2004 and 2009.
Burt Reynolds -- An ugly divorce from Loni Anderson and a failed restaurant chain resulted in a Chapter 11 bankruptcy for this "Smokey and the Bandit" hunk in 1996.
Billy Joel -- He's penned dozens of hits, but the "Piano Man" has gone bankrupt three different times and lost about $90 million thanks to a brother-in-law who mismanaged his funds.
MC Hammer -- The infamous rapper filed for bankruptcy in 1996, reporting assets of just $1 million and debts totaling at least $10 million.
Toni Braxton -- She's sold more than 40 million albums, but has also filed for bankruptcy twice -- once in 1998 and then again in 2010.