50 Cent Net Worth : $40 Million (approx.)
|Net Worth:||$40 Million (approx.)|
|Date of Birth:||Jul 6, 1975|
|Height:||6 ft (1.83 m)|
|Profession:||Businessperson, Actor, Investor, Film Producer, Rapper, Screenwriter, Entrepreneur, Songwriter|
50 Cent net worth is $40 million. 50 Cent is a famous rapper, producer, actor, and entrepreneur.
50 Cent has made at least $270 million from his various endeavors, notably selling records, touring, and several brand partnership deals.
At his peak before the bankruptcy, 50 Cent’s fortune topped $100 million.
What is 50 cent net worth?:
50 Cent net worth is $40 million in 2022. 50 Cent has also spent lavishly (on real estate, cars, and lawsuits), which caused him to file for Chapter 11 bankruptcy in July 2015. More on the filing later in this article.
How much is 50 Cent worth?:
- 50 Cent Received $1m advance for first album
- 50 Cent Has sold more than 30 million albums worldwide
- 50 Cent Earned $100-$150 million off Vitamin Water sale
- 50 Cent Filed for bankruptcy in June 2015
- In October 2018 signed a deal with STARZ that could be worth $150 million over time
How much 50 Cent earned each year?:
- 2007: $32 million
- 2008: $150 million
- 2009: $20 million
- 2010: $8 million
- 2011: $6 million
- 2012: $7 million
- 2013: $7 million
- 2014: $8 million
- 2015: $4 million
- 2016: $6 million
- 2017: $5 million
- 2018: $4 million
- 2019: $4 million
- 2020:$3 million
- 2021:$5 million
Total: $270 million
50 Cent & Effen Vodka Deal:
In July 2017, it was reported that 50 had sold his minority stake in Effen Vodka for $60 million. 50 Cent took to Instagram to confirm that the deal happened, but did not actually confirm the amount.
50 Cent & Starz Deal:
In October 2018, 50 Cent signed a 4-year overall deal with Starz, the cable home to his drama show “Power.” The deal, which includes a three-series commitment, could ultimately be worth $150 million if all milestones are achieved.
50 Cent House:
In 2003, 50 Cent bought a 17-acre property in Connecticut that has a 50,000 square-foot residence with 37 bathrooms, 21 bedrooms, a gym, a casino, and a nightclub.
50 Cent bought the house out of foreclosure from a bank that had evicted the previous owner, Mike Tyson.
50 Cent paid $4.1 million for the property then spent an additional $6 million on various upgrades including adding a private movie theater, infinity pool, AND a helicopter pad.
During his bankruptcy proceedings, it was reported that house typically costs around $72,000 per month to maintain and finance. His utilities alone cost $18,000.
50 Cent first attempted to offload the home in 2007 for $18.5 million without success.
50 Cent has been trying to sell the house ever since, still without success. He lowered the price all the way down to $4.995 million in September 2018, again without any takers. As of this writing he still owns the property.
In May 2021, Curtis Jackson moved to Houston. This was thought to be for lower taxes, no income tax, and for the rapper scene, as well as other ventures such as writing new screenplays.
50 Cent Biography:
|Born||Curtis James Jackson III|
July 6, 1975 (age 47)
New York City, U.S.
|Occupation||Rapper, actor, television producer, record executive, businessman|
50 Cent was born as Curtis James Jackson III on July 6, 1975 in Queens, New York City. Curtis was raised in the South Jamaica neighborhood by his mother, Sabrina, who was a drug dealer.
She died when Jackson was just 8 years old. Curtis was then raised by his grandmother.
At age 12, Curtis began dealing narcotics after school. In 10th grade, Curtis was arrested when he was caught by metal detectors at his high school attempting to bring in guns and drug money.
Curtis was again arrested in 1994 for selling cocaine to an undercover police officer, and was arrested again when a police search of his home uncovered heroin, crack cocaine, and a pistol.
Curtis served six months in a boot camp and earned his GED.
50 Cent Career and Shooting:
50 Cent gained quiet popularity when he released a controversial underground rap single, “How To Rob.” In May 2000, 50 Cent was geared up to release “Thug Love,” a single with Destiny’s Child, when he was shot and hospitalized. He had been attacked by a gunman outside of his grandmother’s home in Queens.
An assailant (alleged attacker Darryl Baum, who was Mike Tyson’s bodyguard) fired nine shots and 50 Cent was shot in the hand, arm, hip, both legs, chest, and left cheek. The attacker was killed three weeks later.
50 Cent was in the hospital for 13 days, and while he was there, he signed a publishing deal with Columbia Records. However, 50 Centwas dropped by Columbia when he tried to publish the song “Ghetto Qu’ran.”
50 Cent was also blacklisted by the United States recording industry as a whole, so he went to Canada to record songs for mixtapes to build up his popularity. In 2002, 50 Cent released the mixtape “Guess Who’s Back?”.
50 Cent Rise to Fame:
50 Cent was discovered by Eminem in 2002. Eminem was so impressed by “Guess Who’s Back?” that he invited 50 Cent to Los Angeles to meet Dr. Dre. 50 Cent signed a $1 million record deal and released “No Mercy, No Fear.”
Eminem’s movie “8 Mile” featured a 50 Cent song on the soundtrack. 50 Cent gained massive popularity in 2003 with his debut album “Get Rich or Die Trying.”
It debuted at No. 1 on the Billboard charts and sold almost a million copies in its first four days. In just one week, the lead single, “In Da Club,” set a record for the most-listened-to song in radio history.
Shortly after, Interscope gave 50 Cent his own label, G-Unit Records. 50 Cent released his next album in March 2005, “The Massacre.” It was another wild success, selling 1.14 million copies in its first four days and holding the number one spot on the Billboard charts for six solid weeks. His third album came out in 2007, “Curtis,” which debuted at No. 2 on the Billboard 200.
“Before I Self Destruct,” album number four, was released in November 2009. Disagreements with his record label delayed his fifth album, “Street King Immortal,” until November 2012. To date, 50 Cent studio albums have sold over 21 million units.
Jackson released a song, “Outlaw”, from his fifth album on the Internet on June 16, 2011.
Jackson’s fifth album, Street King Immortal first promo single, “New Day” with Dr. Dre and Alicia Keys, was released on July 27 2012.
The song was produced by Dr. Dre, mixed by Eminem and written by 50 Cent, Alicia Keys, Royce da 5’9″ and Dr. Dre.
Jackson released “Get Low” on May 20, 2015, as the intended first single from his sixth studio album, Street King Immortal. The song, produced by Remo the Hitmaker, features vocals from fellow American rappers 2 Chainz and T.I., as well as American singer Jeremih.
In March, 2017, Interscope Records released 50 Cent’s final album for the label, a greatest hits album titled Best Of.
In 2020, Jackson became the executive-producer for late rapper Pop Smoke’s debut album, Shoot for the Stars, Aim for the Moon, having been one of Pop Smoke’s biggest inspirations. The album was released on July 3, 2020. Jackson curated the album, desiring to finish it after Pop had died.
In 2020, Jackson was producing two television series for Starz, an anthology about hip hop and a biographical drama about sports agent Nicole Lynn.
In 2021, 50 cent became one of the headliners of the music festival Golden Sand in
In August 2021, 50 cent was confirmed to be starring in the upcoming The Expendables film. In Feb, 2022, 50 Cent was a surprise performer in the Super Bowl LVI Halftime Show.
50 Cent business venture:
In his relatively short spotlight time , 50 Cent founded label G-Unit records, launched G-Unit clothing company, and has even acted in many movies with legends like Al Pacino and Robert Deniro. 50 Cent formed a boxing promotion company, The Money Team, in 2012.
50 Cent Bankruptcy Filing:
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 the US bankruptcy court in Hartford Connecticut because 50 cent is a resident of Connecticut.
At the time of the filing, 50 Cent was living 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. 50 Cent claimed to have debts of equal amounts.
The filing was made days after a jury ordered 50 cent 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 included $2.5 million for using her image without permission and another $2.5 million for emotional distress. The judge in that case also ordered 50 cent to produce proof of income and worth so that jury could determine additional punitive damages.
The $5 million judgment came a year after a different judge ordered 50 Cent to pay $17.5 million in damages as part of a trademark infringement case related to a former partner in a headphone company.
Combined together, 50 Cent was looking at $22.5 million in potential legal judgments before punitive damages were calculated in the sex tape case.
The bankruptcy filing was at least partially a strategic move for the three following reasons:
- #1) To prevent the judgment creditor (Lavonia Leviston) from being able to disrupt his business operations and place liens on his assets.
- #2) To force the creditor to the negotiating table to bring the $5 million judgment down.
- #3) To prevent the jury in the sex tape case from being able to award Ms. Leviston further punitive damages.
50 Cent Vitamin Water Deal:
50 Cent best financial investment was 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.
The Coca-Cola Company acquired Vitamin Water from Glaceau for $4.1 billion and made 50 Cent roughly 10 times more money than he had ever made rapping. 50 Cent equity stake in Vitamin Water was initially reported to be 10% which wmeans that 50 Cent got $410 million.
This figure was dismissed by investment bankers familiar with the deal who informed that 50’s stake was closer to 2.5%, which means 50 Cent made $100-$150 million from the sale (before taxes).
50 cent Children:
50 Cent has a son with former girlfriend Shaniqua Tompkins. Marquise Jackson was born in October 1996. Tompkins later sued 50 Cent for $50 million, but the suit was dismissed. Father Son duo have feuded over social media many times.
Jackson dated model Daphne Joy and had his second son, Sire Jackson, with her, on September 1, 2012. At the age of 2years, Sire modeled for Kidz Safe, a headphone brand for kids, earning $700,000 through his contract.
Interesting Facts about 50 cent:
50 Cent supported President George W. Bush in 2005 after fellow rapper Kanye West criticized the president for a slow response to the Hurricane Katrina disaster.
50 Cent later supported Barack Obama in 2008 and Hillary Clinton in 2016. Despite the lyrics found in many of his songs, 50 Cent does not partake in drugs or alcohol. In May 2016, after walking through Cincinnati International Airport, 50 Cent harassed a janitor at the airport and insulted him when he accused the janitor of being under the influence. As it turned out, the janitor was an autistic and hearing impaired teenager.
Jackson endorsed Democratic candidate Hillary Clinton in the run-up for the 2016 U.S. presidential election
The video went viral and the parents of the teenager wanted to sue 50 Cent. They settled for 50 Cent’s donation of $100,000 to Autism Speaks and an apology.
Jackson remains teetotal, citing a bad experience with alcohol as his main reason.
On June 29, 1994, 50 Cent was arrested for selling four vials of cocaine to an undercover police officer. 50 Cent was arrested again three weeks later, when police searched his home and found heroin, ten ounces of crack cocaine and a starter’s pistol.