In addition to being a rapper, actor, and composer, 50 Cent is also an entrepreneur with a $40 million fortune. It was his $1 million deal with Dr. Dre and Eminem to create his debut album ‘Get Rich Or Die Trying,’ which changed the game in the business.
Including record sales, tours, and many brand collaboration deals, 50 Cent has generated approximately $260 million from his various endeavours. His overspending on real estate, vehicles, and legal fees led to his filing for bankruptcy in 2015. Prior to his bankruptcy, 50 Cent had a net worth of more than $100 million.
The impact he has had on the hip-hop industry has earned him the title “master of the delicate art of lyrical brevity.” A Grammy Award, six World Music Awards, 13 Billboard Music Awards, four BET Awards, and three American Music Awards have all been given to 50 Cent.
What is 50 Cent Net Worth?
|Net Worth:||$40 Million|
|Country:||United States of America|
|Born:||July 6, 1975|
|Salary:||$5 Million (Annual)|
The son of Sabrina Jackson and Curtis James III was born on July 6, 1975, in Queens, New York. He was reared in the South Jamaica section of Queens by his mother. When Jackson was eight years old, his mother perished in a house fire. When Jackson’s mother died, he was raised by his grandmother.
During the summer of his 14th birthday, a neighbour opened a boxing gym for children in the area. I was competitive in boxing, and I believe that hip-hop is competitive as well. He was a crack dealer in elementary school.
When he was just 12 years old, he began selling narcotics after school. After he was caught by metal detectors at his high school trying to smuggle in a pistol and drug money, he was imprisoned in 10th grade.
A police patrol discovered heroin, crack cocaine, and a firearm at his residence in 1994, when he was arrested for selling cocaine to an undercover cop. He earned his GED after completing a six-month boot camp.
Developing a Career and Getting Noticed
When 50 Cent was shot in the head in 2000, he was rushed to the hospital for treatment. “Thug Love,” which he co-wrote with Destiny’s Child, was due to be released at the time of his death. His hand, arm, hip, legs, chest, and left cheek were all injured.
In the driveway of his grandmother’s Queens house, a shooter had surprised him and shot him. The attacker was killed three weeks later. 50 Cent was in the hospital for 13 days. “Guess Who’s Back?” was released in 2002 as a mixtape.
G-Unit Records, 50’s own record label, was quickly authorised by Interscope. “The Massacre,” Jackson’s follow-up album, was released in 2005.
He topped the Billboard 200 with his third album, “Curtis,” in 2007. “Before I Self Destruct,” the band’s fourth album, was released in 2009. The release of his fifth album, “Street King Immortal,” was postponed due to a disagreement with his record label. He has sold more than 21 million copies of his studio albums to date.
50 Cent’s final album, Best Of, was released by Interscope Records in 2017. As a result of the Universal fire in 2008, several artists, including 50 Cent, lost a great deal of their work.
In order to save money, Curtis Jackson moved to Houston, where he was able to take advantage of lower taxes, no income tax, and the hip-hop culture. It is also worth noting that while writing screenplays for new crime series, Horizon United Group, Jackson and Houston Independent School District collaborated to teach high school students about the principles of sustainable and lucrative enterprise.
This year, Pop Smoke will release their new album, Shoot for the Stars, Aim for the Moon, which will be produced by Curtis Jackson. The Expendables 4 is expected to be released in 2021, and he’s reportedly signed on to feature in it. Super Bowl LVI Halftime Show in 2022 featured an appearance by 50 Cent.
Alternative Investments and Business Ventures
It has been a fleeting time of fame for 50 Cent. He has founded the G-Unit record label, launched the G-Unit fashion brand, and even appeared in films with legends like Al Pacino and Robert Deniro. To promote boxing, the Money Team was established by him in 2012.
It was 50 Cent’s best financial move when he bought a minority stake in Vitamin Water. Coca-Cola paid Glaceau $4.1 billion for Vitamin Water. Because of this, 50 Cent made roughly 10 times more money rapping than he had ever made before. Before taxes, he reaped between $100 million and $150 million from the sale.
Vodka made by Effen is called Effen
50 Cent sold his Effen Vodka investment for $60 million. DJ Envy stated the amount, but gave no source or proof. Although he didn’t share his net worth, 50 Cent confirmed the contract on Instagram.
On Starz, the cable network that airs 50 Cent’s show “Power,” he signed a four-year contract. To put it another way, if all goes according to plan, the three-series guarantee may be worth $150 million.
Experiencing Life on My Own: 50 Cent
Shaniqua Tompkins, Jackson’s ex-girlfriend, gave birth to a son, Marquise Jackson. Following his death, Tompkins claimed that Jackson pledged to care for her for the rest of her life and launched a $50 million lawsuit against him. They’ve gotten into fights on social media a number of times.
Model Daphne Joy, Jackson’s girlfriend, gave birth to their second child, Sire Jackson. At the tender age of two, Sire signed a $700,000 deal with Kidz Safe, a children’s headphone manufacturer.
After Kanye West, a fellow rapper, blasted Bush for his slow response to Hurricane Katrina, 50 stood with him in support in 2005. Jackson supported Barack Obama in 2008, and Hillary Clinton in 2016. Despite the topic of some of Jackson’s songs, he does not do drugs or consume alcohol.
He backed Donald Trump in 2020 because he didn’t like Joe Biden’s tax policies. He endorsed Donald Trump. A week later, he withdrew his support for Trump and endorsed Biden instead, stating on Twitter, “Fu*k Donald Trump, I never liked him.”
In 2015, 50 Cent sought Chapter 11 bankruptcy relief. While he was living in Mike Tyson’s former estate, Farmington, CT 06032, at the time of the petition 50 resided at 50 Poplar Hill Dr. Lavonia Leviston, Rick Ross’ ex-girlfriend, was ordered by a jury to pay 50 million dollars in damages for willfully releasing a sex tape in which she was part just a few days before.
Lawsuits: 50 Cent
A commercial business was accused by Jackson of putting his safety at risk by using his picture in the advertisement. Advertising for the contest promised $5000 or five ringtones for shooting the rapper, who was shown in cartoon form.
Adverts that didn’t include his name used a picture of him that hinted he was in agreement with the products. Jackson requested civil damages as well as a permanent injunction barring unauthorised use of his picture.
Over a marketing effort, Jackson sued Taco Bell in 2008. Taco Bell had requested that he change his name to one of the following: 79 Cent, 89 Cent, or 99 Cent. As part of the agreement, they will donate $10,000 to a charity of his choice. There was no need to appear in court to resolve the conflict. According to a judge, Brandon Parrott gave Dr. Dre and 50 Cent permission use “Bamba” on the single “P.I.M.P.” in 2016.
Issues of both Civil and Criminal Issues
One of Michael Jackson’s New York houses caught fire in 2008. On one accusation of domestic abuse and four charges of vandalism, Jackson pleaded not guilty in 2013 in a Los Angeles County courtroom.
If he is found guilty on all charges, he may face up to five years in jail and a $46,000 fine. After an incident at Daphne Joy’s condo in Los Angeles that resulted in $7,100 worth of damage, she accused Jackson of kicking her and ransacking her bedroom.
As a result of Michael Jackson’s numerous Instagram posts over the course of several months, a judge has ordered him to appear in court. According to the court, who cited images of Jackson clutching a slew of cash, Jackson was not totally open about his financial situation.
In 2016, Jackson made it known that he would no longer be using Instagram and would instead let anybody to have control over his page. Samuel L. Jackson is expected to die in 2021. Outrage erupted after a video of Jackson promising to foot the bill for a Burger King in 2020 went viral. Later, he was apprehended and accused with Bitcoin fraud, as well as assault and kidnapping of his victims. He was later acquitted.
Feuds: 50 Cent
Before signing with Interscope Records, Feuds Jackson got into a public spat with rapper Ja Rule and his record company, Murder Inc. Records. One of New York’s most notorious cocaine traffickers is linked to Ja Rule’s record business, according to an IRS document.
Conflict between Drake and Meek Mill was reignited after Ja Rule supplied Twitter followers with input on a similar feud between the two rappers. Considering that he didn’t have to become engaged in the G-feuds with other rappers, 50 Cent believed that The Game was being disloyal. In 2016, at a meeting at the Ace of Diamonds Strip Club, 50 Cent and The Game finally ended their 12-year animosity.
It all started with an alleged incident at the BET Hip Hop Awards in 2008, which 50 Cent has vehemently denies.
Officer Ricky cartoons and a video (Warning Shot) were released by 50 Cent in 2009. Members of Jackson’s G-Unit were captured on tape assaulting Gunplay at the 2012 BET Hip-Hop Awards. A few days before his birthday, Ross was shot and killed in a drive-by shooting that Jackson claims was staged. In the year 2020, the 50 Cent vs. Rick Ross dispute came to a close.