What is 50 Cent’s Net Worth?
|Net Worth:||$30 Million|
|Age:||47 Years Old|
|Country:||United States of America|
|Born:||July 6, 1975|
|Salary:||$5 Million (Annual)|
50 Cent is an American rapper, actor, and entrepreneur who has a net worth of $30 million. 50 Cent is one of the richest rappers in the world and his debut album ‘Get Rich Or Die Trying’ was a game-changer in the industry and the $1 million agreement he did to produce it with Dr. Dre and Eminem.
He’s been dubbed a “master of the delicate art of lyrical brevity” for his contributions to the hip-hop business. 50 Cent has marketed roughly 30 million records worldwide and received a Grammy Award, 6 World Music Awards, 13 Billboard Music Awards, 4 BET Awards, and 3 American Music Awards.
Curtis James Jackson was born in Queens, the city of New York City on July 6, 1975. He was raised single handily in the South Jamaica neighborhood by his mother Sabrina. His mother was a drug dealer and died in a fire when he was eight years old. After that, Jackson started to live with his grandparents.
He started to deal with drugs in the streets after returning from school at the age of 12 years. His grandmother thought he was participating in after-school programs. In his 10th standard, he was arrested by a police officer. The next time, there was another mistake of taking a gun, drugs, and money into his school, and he did.
The school’s metal detectors caught him out. At the age of 14, a neighbor launched a boxing gym for neighborhood kids. “I was competitive in the ring, and hip-hop is competitive as well,” he remarked.
During elementary school, he sold crack. He was arrested twice more, once for selling cocaine to an undercover police officer, and the second for illegal substances and a firearm in his home.
He started practicing rapping in his basement. He took lessons from Jam Master Jay, on how to compose songs, structure bars, choruses, etc. In 1999, Jackson was signed to Columbia Records, and he released his debut album, ‘Power of the Dollar’.
One of the significant development in his career came, when he released the single “How to Rob”. It gained the attention of major artists at the time. In the 2000 year of his album “Thug Love” release, 50 Cent was targeted by an assailant outside his house.
He was shot nine times and taken to the hospital. With these severe injuries, that is almost impossible for anyone to survive, but that was a miracle.
After 6 months he healed and started to think that he might have a real purpose in life as to why he was still alive. The same year he met with Eminem and she was so inspired by him. After that, he released multiple albums. He earned a great deal of money as an entrepreneur.
In 2003, he release the “Get Rich or Die Trying” album, and he became worldwide famous. It launched at No. 1 on the Billboard charts and sold nearly a million units in its first 4 days of release.
In 2005, the next album was “The Massacre”. In 2007, his third “Curtis” album was on the peak and reached No. 2 on the Billboard 200. In 2009, the fourth album, “Before I Self Destruct,” was released.
In 2012, he was forced, due to differences of opinion, to release his fifth album, “Street King Immortal,”. His studio albums have marketed over 21 million copies to date. In 2017, Interscope Records dropped 50 Cent’s final album, “Best Of”, which was a biggest hits collection. The Universal fire in 2008 ruined the work of various artists, including 50 Cent.
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50 Cent 21-bedroom home has an eight-car garage, a racquetball court, and a home movie theater. Jackson had a girlfriend Shaniqua Tompkins who gave birth to a kid, Marquise Jackson.
His girlfriend, Tompkins later filed a $50 million lawsuit against Jackson, saying that he promised to take care of her for life, but it was dropped later. In several instances, they both have feuded over social sites.
Daphne Joy, a model, who was Jackson’s girlfriend had his second son, Sire Jackson. Sire began modeling for Kidz Safe, a children’s headphone company, when he was two years old, generating $700,000 from his contract.
After that, there was another scandal came to the news and gain publicity. He was harassed by someone and the video of this incident got viral.
In 2005, After fellow rapper Kanye West chastised President George W. Bush for his sluggish reaction to Hurricane Katrina, 50 rallied behind him.
In 2008, Jackson backed Barack Obama, and in 2016, he backed Hillary Clinton. Jackson does not use drugs or drink alcohol, despite the content of several of his tracks.
Due to his distaste for Joe Biden’s tax ideas, he endorsed Donald Trump in 2020. He rescinded his endorsement a week after, writing on Twitter, “Fu*k Donald Trump, I never liked him,” and endorsing Biden instead.
How 50 Cent Spend His Money?
Jackson’s property is valued at $8.25 million. He also owns other properties, including investment properties in Atlanta and Long Island and a New Jersey apartment that the rapper leases. These are the biggest investments according to statistics.
If we make a total, he spends around $70,000 a month to maintain his three main homes alone. His first business venture was a partnership with Glacéau to create an enhanced water drink called Formula 50.
In 2004, October, Jackson was known as a beverage investor. At that time, he has given a minority share in the company in exchange for becoming a spokesperson after learning that he was a fan of the beverage.
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In 1994, Jackson was charged with selling four packets of cocaine to an undercover detective. He claims that he does not use cocaine. Despite the fact that Jackson was condemned to three to nine years in jail, he spent six months in a boot camp earning his high school diploma.
In 2002, Jackson was arrested along with four members of his entourage. In a parked automobile, cops discovered a.25 caliber handgun and a.45 caliber pistol. Two counts of illicit weapon possession have been filed against the rapper.
After being hit by a water bottle, Jackson was accused of 3 charges of assault and battery. In 2005, Jackson received a two-year probationary term for an altercation at the MTV Video Music Awards in Los Angeles 2004.
Although, he is one of the most influential hip-hop artists everywhere, and also a successful entrepreneur. But there was a file of bankruptcy against him.
In 2015, Cent filed for Chapter 11 bankruptcy protection. He was residing in Mike Tyson’s old mansion at 50 Poplar Hill Dr, Farmington, CT 06032 at the period of the petition.
The filing came just days after a jury ordered 50 to pay Lavonia Leviston, Rick Ross’ ex-girlfriend, $5 million in damages for knowingly leaking a sex tape in which she was involved. This was a huge amount that he needed to pay.
|Net Worth||$30 Million|
|Date Of Birth||July 6, 1975|
|Income||$5 Million (Annual)|
Jackson sued an advertising company for allegedly endangering his safety by utilizing his image in a commercial. “Shoot the rapper and you will win $5000 or 5 ringtones guaranteed,” the ad said, with a cartoon image of the rapper.
Despite the fact that the advertisement did not include his name, the image purportedly resembled him and implied that he approved of the goods.
Jackson asked for specified civil sanctions and a permanent injunction preventing the use of his image without his authorization.
Jackson filed a lawsuit against Taco Bell in 2008 over a marketing campaign. He had been asked to modify his name to 79 Cent, 89 Cent, or 99 Cent by Taco Bell.
They agreed to make a $10,000 charitable donation of his choosing. The dispute was resolved without the need for a court appearance. Brandon Parrott authorized Dr. Dre and 50 Cent the privileges to “Bamba” for the track “P.I.M.P.” in 2016, according to a judge.
Civil and Criminal Issues
In 2008, a fire broke out in one of Michael Jackson’s New York properties. In a Los Angeles County court in 2013, Jackson pleaded not guilty to one charge of domestic abuse and 4 charges of vandalism.
He may face up to five years in prison and a $46,000 penalty if guilty of all charges.
Daphne Joy, a model, and actress, charged Jackson with kicking her and ransacking her bedroom during an altercation at her Los Angeles condo, inflicting $7,100 in the destruction of property when fleeing before cops came.
Because of the Instagram posts, he posted over many months, a judge summoned Michael Jackson to court. Jackson was not completely transparent about his finances, according to the judge, who pointed to pictures of the artist holding heaps of cash.
later, Jackson announced in 2016 that he would stop using Insta and instead have his user profile managed by anyone else. In the year 2021, actor Samuel L. Jackson will pass away.
Jackson had been involved in a viral video of him offering to pay for a Burger King restaurant in 2020, which stirred outrage. Later, he had caught and charged with Bitcoin fraud, as well as assaulting and kidnapping his victims.
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Awards and Recognition
In the entertainment sector, 50 Cent is well-known as a rapper. Despite his graph’s peaks and troughs, he has received numerous honors and recognitions. Moreover, the BET Awards for Best New Artist and Best Female Artist had given out in 2003.
Favorite Rap/Hip-Hop Male Artist at the American Music Awards. In 2004, he had also awarded the BRIT Award for International Breakthrough Artist.
In 2003 and 2005, he won the World Music Awards for Best Selling Pop Male Artist in the World. He received Billboard Music Awards in 2005 for Top Hot 100 Artist, BET Hip-Hop Awards in 2007 for Hustler of the Year, and Grammy Awards in 2010 for Best Rap Performance by a Duo or Group (Crack a Bottle).
50 Cent Net Worth
As of 2022, 50 Cent’s net worth is estimated to be around $30 million. Most of his income comes from brand endorsements and agreements. He made $100 million as a minor shareholder in the $4.1 billion Coca-Cola transaction with Glaceau and struck a $78 million agreement with a premium underwear brand called FRIGO Revolution Wear, among his many other earnings.