US rapper 50 Cent has reportedly filed for bankruptcy.

According to the Wall Street Journal, the hip hop star, whose real name is Curtis James Jackson III, filed court papers in the US Bankruptcy Court in Hartford, Connecticut, on 13 July.

He is said to have declared assets and debts each in the range of $10m (£6.4m) to $50m.

IBTimes UK has contacted 50 Cent for a comment and is awaiting a reply.

The move come days after the 40-year-old star was ordered to pay $5m in damages to Lastonia Leviston, 36, after posting a sex tape involving her boyfriend, without her consent.

Leviston, who has a child with Fiddy's bitter rival rapper Rick Ross, said she was "horrified and humiliated" when the explicit footage appeared online, and that the incident nearly drove her to suicide.

"This was something done to me. I didn't have a choice. I would never, ever do this to myself," she testified.

50 Cent allegedly bought the sex tape before doctoring and uploading it to his personal website in 2009.

In May 2014, Forbes reported that Jackson had a net worth of$140million. The music mogul's successful business ventures include VitaminWater, which Coco-cola acquired in 2007 and most recently he closed a $78 million deal with Frigo Revolution Wear to promote the brand's men's underwear range.

He also stars and executive produces Starz series Power.