50 Cent’s Net Worth. 50 Cent is an American rapper, actor, TV producer, and businessman who started pursuing his music career in 2000 when he produced Power of the Dollar for Columbia Records.
However, he was shot days before the planned release, and the album was never released. 50 Cent’s net worth is $52 million. In 2002, after 50 Cent released the mixtape Guess Who’s Back? Eminem approached him and signed him to Shady Records under the aegis of Dr. Dre’s Aftermath Entertainment and Interscope Records.
50 Cent’s Net Worth
His debut album, Get Rich or Die Trying, catapulted him to international fame, going platinum multiple times and spawning hits like In Da Club. His subsequent albums, including The Massacre, also saw considerable success. Known for his distinctive style, blending aggressive lyrics with catchy hooks. 50 Cent has sold millions of albums worldwide, However, his influence extends beyond music.
He has made significant strides in business, notably through his investment in Vitamin Water, which led to a massive payout when the company was sold to Coca–Cola. In addition, 50 Cent has made a successful transition into acting. His semi-autobiographical TV series Power has been a hit, spawning several spin-offs. During his career to date, 50 Cent has earned at least $200–$300 million from his various endeavors, notably selling records, touring, and several brand partnership deals.
Unfortunately, he has also spent lavishly, especially on real estate, cars, and lawsuits, which caused him to file for Chapter 11 bankruptcy in July 2015. At his peak before bankruptcy, 50 Cent’s fortune topped $100 million.
Early Life
Curtis James Jackson III, known as 50 Cent, was born on July 6th, 1975, in South Jamaica, Queens, New York City, and was raised by his mother. There is not much information about his father. He was raised by his mother, Sabrina, a drug dealer until she died when Jackson was 8. After his mother’s death, 50 Cent was raised by his grandmother.
He started boxing at 11 years old, and at 14, he joined a local youth boxing gym. He began drug dealing when he was 12. In 1994, he was caught trying to sneak guns and drugs into school. He was arrested again for selling cocaine to an undercover police officer, and he was arrested again when a police search of his home revealed heroin, crack, cocaine, and a pistol. For 50 Cent, it was a means of financial security. He served six months in boot camp, where he earned a GED.
50 Cent’s Early Rap Career
50 Cent eventually turned to music as his means of escape. He eventually inked a deal with Columbia Records that included a signing bonus worth $65,000. Taking inspiration from robber Kelvin Martin’s nickname. 50 Cent coined his rap name as a sign of change and putting in work to survive.
In 2000, 50 Cent was supposed to drop his debut studio album, Power of the Dollar. However, after he was the victim of the shooting, the album was never released, and Columbia Records ended its partnership with 50 Cent.
In 2002, he released the mixtape Guess Who’s Back? Eminem was so impressed by the album that he invited him 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.
Headlined by the hit song In Da Club, the album would go on to sell 12 million copies worldwide and become certified 9x Platinum. During its first week, the Album sold a record-breaking 872,000 units.
After breaking out with Get Rich or Die Trying, 50 Cent became one of the most famous rappers in the industry. He eventually released other notable albums, including The Massacre, Curtis, Before I Self-Destruct, and many more. 50 Cent has sold over 30 million album copies around the world.
Disagreement with his record label delayed his fifth album, Street King Immortal, until November 2012. In his relatively short time in the spotlight, 50 Cent founded the label G-Unit Records, launched the G-Unit clothing company, and even acted in several movies with legends like AI Pacino and Robert Deniro. He formed a boxing promotion company, The Money Team, in 2012.
Aside from album sales, 50 Cent also earns income from his concerts. Back in the day, 50 Cent confessed that he used to make $80,000 per concert. However, after hitting it big, that paycheck has increased to as much as $1 million. One of his most notable performances was the Super Bowl LVI halftime show alongside fellow established musical artists Snoop Dogg, Dr. Dre, Eminem, Kendrick Lamar, Mary J. Blige, and Blige.
Although 50 Cent and the other performers weren’t paid a single dime, The iconic performance earned 50 Cent his first Primetime Emmy Award, the first time an Emmy was awarded to a Super Bowl Halftime concert.
50 Cent Acting Career
50 Cent is the mastermind behind some of the best action and crime shows, including Power, and he remains a talent with natural acting skills. It’s been quite a journey in acting for the rap star. For someone with no formal education in the performing arts. 50 Cent is a born-ready talent with acting skills that come naturally. His debut full-featured film, Get Rich or Die Trying, was released in 2005.
Get Rich or Die Trying has its first screening. Inspired by his explosive debut album of the same name. Get Rich or Die Trying is a semi-biopic movie that tells the story of a young man who’s fighting for his life after being shot nine times. He seeks shelter in the rap game to escape his unhappy life, and while it amassed negative reviews from the critics, the rapper’s debut acting wasn’t quite bad.
In addition to acting, 50 also penned some of his movies. As noted on his IMDb profile, the rapper wrote the screenplay of the 2011 drama film All Things Fall Apart, where he had to drop from 214 pounds to 160 in just nine weeks of a crazy diet. The film itself centres around an aspiring football player with impressive athletic abilities as he fights for his life against cancer.
However, after a series of TV cameos and a few box office flops, the peak of 50 Cent’s acting career began in 2014, when he teamed up with Courtney A. Kemp for Starz’s crime drama series Power. He played Kannan Stark throughout the series. Six seasons until 2020 and its subsequent spin-offs, including one that centers on his character, Raising Kanan, in 2021.
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 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, he reported assets valued in the range of $10 million to $50 million. He claimed to have debts of equal amounts.
The filing was made days after a jury ordered 50 Cent to pay Rick Ross’s ex-girlfriend, Lavonia Leviston, a $5 million judgment for intentionally releasing a sex tape in which she was featured. The judge in that case also ordered Mr. Jackson to produce proof of income and worth so the jury could determine further punitive damages.
The $5 million judgment came about a year after a different judge ordered 50 Cent to pay $17.5 million for damages as part of a trademark infringement case related to a former partner in a headphone company. When combined, he 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 three reasons:
. To prevent the judgment creditor (Lavonia Leviston) from being able to disrupt his business operations and place liens on his assets.
. Force the creditor to the negotiating table to bring the $5 million judgment down.
. To prevent the jury in the sex tape case from being able to award Ms. Leviston further punitive damages.
The filing permits Mr. Jackson to continue his involvement with various business interests and his work as an entertainer while he pursues an orderly reorganization of his financial affairs. In October 2018, he signed a deal with STARZ, the cable home of his drama show Power. The deal includes a three-series commitment that could be worth $150 million over time if all milestones are achieved.
Personal Life
Over the course of 50 Cent’s life, he has been romantically involved with several well-known people, including the actress Vivica A. Fox and the singer Ciara. He has two biological children from two different women. The names of his sons are Marquise Jackson and Aire Jackson.
Marquise Jackson was born in October 1996. Tompkins later sued Jackson for $50 million, but the suit was dismissed. However, he has never been married in his life, and both of his kids are from previous relationships he had with Shaniqua Tompkins and Daphne Joy.
In 2003, 50 Cent bought a 17-acre property in Connecticut that features a 50,000-square-foot residence with 37 bathrooms, 21 bedrooms, a gym, a casino, and a nightclub. He bought the house out of foreclosure from a bank that had recently evicted the previous owner, Mike Tyson. 50 Cent paid $4.1 million for the property. He then spent an additional $6 million on various upgrades, including adding a private movie theatre, an infinity pool, and a helicopter Pad.
In April 2019, he finally sold the home for $2.9 million, an 84% discount to his original offer price and a $1.2 million loss compared just to his purchase price.
Frequently Asked Questions
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50 Cent Awards and Achievements
50 Cent has been nominated for a long list of awards, many of which he eventually won. Some of the awards he won include:
2003 Billboard Music Awards Album of the Year
Mobo Awards for Best Hip-Hop Art 2003
MTV Video Music Awards: Best Rap Video 2003
World Music Awards: Best Selling Hip-Hop Artist 2007
Grammy Awards: Best Rap Performance by a Duo or Group 2010
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50-cent Car Collection
2020 Bugatti Chiron
2005 Maserati MC 12
The Parker Brothers’ White Lightning
2009 Rolls Royce Phantom Drophead
2019 Custom Lamborghini Aventador Roadster
2012 Gold Bentley Mulsanne
2005 Lamborghini Murcielago Roadster
2019 Lamborghini Urus
Pontiac G8
Rolls-Royce Cullinan
Ferrari Enzo
