Why is 50 Cent so rich
50 cents - the rapper's fortune
How much money does 50 cents have?
This man knows what he's rapping about. He never met his father, his mother was murdered when he was eight years old. As a young drug dealer, he was able to show a considerable criminal record early on. Curtis Jackson, better known than 50 Cent, is the prototype of the gangsta rapper and rhymes firsthand. It is also a prime example of how even such an image can be successfully marketed. Currently this is Fortune of 50 cents only a "measly" 25 million euros. But how much did he once have in his account?
But he is also a skilled entrepreneur and has invested in some profitable companies. All fields of activity added together, had 50 cents over a Assets of 237 million euros. 100 million dollars alone resulted from the cooperation with Glacéau and the subsequent sale to Coca Cola. This put the artist in sixth place on the list of the richest rappers behind Dr. Dre, Diddy, Jay-Z, Master P. and Russel Simmons. Bushido tops the list among German rappers.
He is currently enjoying great success in the USA as the producer of the Starz series "Power". Starz would like to produce more series with the rapper in the future and is supposed to pay 8-digit sums for it.
50 Cent broke because of the publication of a sex video?
In America, 50 Cent has filed for personal bankruptcy. Shortly after he was fined $ 5 million for posting a Lavonia Leviston sex video. We think the rapper has shoveled his fortune wisely and wants to avoid paying the 5 million. At the beginning of the year, to interpret a fortune of 110 million euros as if one had only 15 million more possessions (cars, real estate, etc.) is a bit too far-fetched for us. But we will continue to report. An Instagram post with a lot of $ 100 bills confirms our suspicion that something may not be quite right here.
The later 50 Cent was born as Curtis James Jackson III on July 6th, 1975 in the New York borough of Queens. After his mother was murdered during a break-in, Jackson grew up with his grandparents. At the age of 12 he started a career as a drug dealer, various prison stays were the receipt. Jackson also owes his stage name 50 Cent to the criminal milieu. The musician chose the name based on Kelvin Martin. Martin was a well-known Brooklyn criminal in the 1980s and notorious by the nickname 50 Cent.
First experiences as a rapper
50 Cent started rapping in the mid-1990s, and in 1996 he was taken under the wing of Run DMC's Jam Master Jay. Jay gave the budding rapper basic musical knowledge and signed him to his Jam Master Jay Records label. In 2000 50 Cent's first album "Power of the Dollar" was due to be released on Columbia Records. In fact, this was never published, instead the recordings circulated for years as a bootleg. In the run-up to the release, the musician was injured in a shooting, whereupon Columbia terminated the record deal, reason: negative publicity.
The album "Guess Who's Back?", Released on an independent label in 2002, caught the attention of hip-hop star Eminem. An invitation to Los Angeles followed, where 50 Cent also made the acquaintance of producer Dr. Dre did. Result of the meeting with Eminem and Dr. Dre: a $ 1 million record deal, and 50 Cent was featured on Eminem's "8 Mile" soundtrack with the single "Wanksta".
The subsequent album "Get Rich or Die Tryin" was released on February 6, 2003 on both Eminem's Shady Records and Dr. Dres label Aftermath Entertainment released. With 15 million units sold worldwide, it was the final breakthrough for 50 cents. It won a gold record in Germany, and in the USA sales of over 6 million were honored with 6 platinum awards. Between 2005 and 2014 4 more studio albums were released, but "Get Rich or Die Tryin '" remains the 50 cents biggest hit to date. In addition to his solo career, he runs another musical project with G-Unit.
50 cents as an entrepreneur
Despite his initially negative image, 50 Cent became a successful entrepreneur early on. The aforementioned G-Unit plays a role as part of its own marketing. The umbrella brand combines a clothing line for streetwear, a record label and a deal with the sports shoe manufacturer Reebok. "Freedom means investing in your own ideas." This is how 50 Cent said in an interview with Forbes business magazine. His various business activities show how much he has internalized the sentence.
In 2004 Reebok presented two sneaker models, “GXT” and “G-Unit”, for which 50 Cent and his G-Unit were the inspiration. According to the New York Times, the five-year contract paid for the namesake at the end of 2004 with $ 20 million.
A collaboration with the mobile company Zingy brought ringtones, voicemail announcements and pictures from 50 cents to his fans' cell phones. The spoken ringtones - "Ay yo what's up, yo this is the kid, 50 Cent man. Stop playin ‘, you better answer!” - each sold for $ 2.99.
G-Unit Clothing Company
In 2003 50 Cent founded the G-Unit Clothing Company with the designer Marc Ecko. At the end of 2004, annual streetwear manufacturing sales were estimated at $ 44 million.
Glacéau - Vitamin Water
After 50 Cent appeared in a Reebok commercial with a vitamin water from Glacéau, he was contacted by the beverage manufacturer and recruited to market the trend drink. The result of the negotiations was a new water based on 50 cents called “Formula 50”. In 2007, the Coca Cola Company bought Glacéau for $ 4.1 billion. The sale was also worth it for 50 cents - he had a 10 percent stake in Glacéau.
As announced in July 2017, 50 is said to have sold a large part of his stake in the vodka brand "Effen". The American media speaks of an income of about 60 million US dollars. We are not yet completely convinced whether this is actually the truth and will keep you informed.
s_bukley / Bigstock.com
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