The Rapper known as 50 Cent has filed for bankruptcy in New York reporting debts and assets in the range of  $10 million to $50 million.

It comes two months after he filed for bankrupty protection for a boxing promotion company.

The 40-year-old entertainer has sold more than 30 million albums worldwide and won a Grammy award in 2010.

In May, Forbes named 50 Cent as one of the five wealthiest hip-hop artists in the United States with a net worth of $155 million, largely from his business interests in clothing, beverages and music technology.