According to Wall Street Journal, “In court papers filed in the U.S. Bankruptcy Court in Hartford, Conn., Mr. Jackson reported assets and debts each in the range of $10 million to $50 million.”
Reports have it that the rapper earned between $60 million and $100 million after the Vitamin Water sale in 2007.
Recently, the rapper was reported to worth around $270 million, largely thanks to his minority stake in Vitamin Water. In 2007, Coca Cola acquired his Vitamin Water company from Glaceau for $4.1 billion.
The rapper claims his assets are worth between $10-50 million, but his liabilities are about the same.