He's filed for Chapter 11. It doesn't mean he's broke, it means he can't lay his hands on the immediate cash to pay his immediate debts; Chapter 11 gives him court-ordered protection from other proceedings in order that he has the time to liquidate or mortgage assets in order to get the cash. They said on the radio that his biggest earner has been his investment in Vitamin Water, bigger even than his music, so presumably his net worth is primarily tied up in that stock.