|Net Worth||$30 Million|
|Date of Birth||July 6, 1975|
50 Cent Net Worth, How did the American rapper and entrepreneur accumulate his wealth? Read on to find out more about 50 Cent Net Worth and his career.
50 Cent Early Life
He is an American rapper and entrepreneur. 50 Cent began boxing at about age 11 and when he was 14 a neighbor opened a boxing gym for local youth.
He was competitive in the ring and hip-hop is competitive too. He think rappers condition themselves like boxers, so they all kind of feel like they’re the champ.
Jackson began dealing narcotics when his grandparents thought he was in after-school programs at the age of 12 and brought guns and drug money to school.
He was caught by metal detectors at Andrew Jackson High School In the tenth grade and he was embarrassed that he got arrested. After he got arrested he stopped hiding it. He was telling his grandmother openly, ‘I sell drugs’.
50 Cent Career
Curtis James Jackson III was born in Queens, New York on the 6th of July 1975. 50 Cent burst onto the rap scene in 2003 with his debut album Get Rich or Die Trying and to date, his studio albums have sold over 21 million units.
However, in his relatively short time in the spotlight, 50 Cent founded label G-Unit records, launched G-Unit clothing company, and has even acted in several movies with legends like Al Pacino and Robert Deniro.
On July 13, 2015, the Wall Street Journal reported that 50 Cent had filed for Chapter 11 personal bankruptcy protection. The bankruptcy was filed in US bankruptcy court in Hartford, Connecticut because 50 is a resident of Connecticut.
50 Cent lives in Mike Tyson’s old mansion located at 50 Poplar Hill Dr, Farmington, CT 06032. In the filing, 50 Cent’s reported assets valued in the range of $10 million to $50 million and claimed to have debts of equal amounts.
The filing comes days after a jury ordered 50 to pay Rick Ross’ ex girlfriend Lavonia Leviston, a $5 million judgment for intentionally releasing a sex tape in which she was featured. The judgment was made up of $2.5 million for using her image without permission and another $2.5 million for emotional distress.
However, the judge in that case also ordered ‘Mr Jackson’ to produce proof of income and worth so the jury can determine further punitive damages.
After hearing about the bankruptcy filing, I spoke to a bankruptcy attorney to understand exactly what is going on. However, the attorney explained to me that based on what had just happened with the sex tape judgment that he would assume that the bankruptcy filing is a strategic move.
It appeared that 50 Cent filed for personal bankruptcy for three important reasons which is to prevent the judgment creditor ‘Lavonia Leviston’ from disrupting his business operations and place liens on his assets and to force the creditor to the negotiating table to bring the $5 million judgment down and then to prevent the jury case from being able to award ‘Ms Leviston’ further punitive damages.
50 Cent Net Worth
As of today, 50 Cent Net Worth is $30 Million. 50 Cent Net Worth is amassed from his career as an entrepreneur and a rapper.
However, he is most brilliant financial investment came when he negotiated a minority stake in Vitamin Water in return for being their celebrity spokesman and lending his name for the ‘Formula 50’ drink, while the Coca Cola Company acquired Vitamin Water from Glaceau for $4.1 billion and made 50 Cent 10 times more money than he had ever made rapping.
The equity stake in Vitamin Water was initially reported to be 10% which would have meant $410 million in his pockets, but the number was widely dismissed by investment bankers familiar with the deal who intimated that 50 stake was closer to 2.5% which means he made $100-$150 million off the sale ‘before taxes’.
In July 2017, it was reported ‘but not confirmed’ that 50 Cent had sold his minority stake in Effen Vodka for $60 million.
He took to instagram to confirm that the deal happened, but did not actually confirm the $60 million number which can be traced back to DJ Envy on The Breakfast Club radio show.
50 Cent Net Worth – Earnings By Year:
2007: $32 Million
2008: $150 Million
2009: $20 Million
2010: $8 Million
2011: $6 Million
2012: $7.5 Million
2013: $7 Million
2014: $8 Million
2015: $4 Million
2016: $6 Million
2017: $5 Million
2018: $4 Million
I love you like a fat kid love cakeYou shouldn’t throw stones if you live in a glass house and if you got a glass jaw, you should watch yo mouth: cause I’ll break yo face.In Hollywood they say there’s no business like show business in the hood they say there’s no business like ho business.
Curtis James Jackson III also known as 50 Cent is an American rapper and entrepreneur who burst onto the rap scene in 2003 with his debut album Get Rich or Die Trying and to date, his studio albums have sold over 21 million units.
As of 2020, 50 Cent’s net worth is $30 Million.
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