50 Cent has a net worth of $55 million, according to Tecronet and Forbes Updates as of February 12, 2023. The American rapper, entrepreneur, and producer have earned $300 million from various income streams, such as selling records, touring, and endorsement deals.
In 2023, his wealth plummeted, considering he spent lavishly on real estate, cars, and lawsuits which caused him to file for Chapter 11 bankruptcy in July 2015.
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LAWSUITS
In 2009, 50 Cent’s girlfriend filed a 50 million lawsuit, later dismissed by Manhattan State Supreme Court Justice Carol Edmead. She dismissed Shaniqia Tompkins’ claims to half the rapper’s assets saying that the rapper’s financial worth is “no less than $50 million”.
The case was settled with Mrs Tompkins receiving $6,700 a month for years to take care of their 12-year-old son Marquise.
At the Cincinnati International Airport in May 2016, 50 Cent harassed, and insulted a janitor at the airport, claiming he was under the influence. Unknown to 50 Cent, the janitor was an autistic and hearing-impaired teenager.
The video went viral, and the teenager’s parents almost sued 50 Cent. They settled for a donation of $100,000 to Autism Speaks and an apology.
See Also: FUTURE NET WORTH (UPDATED 2023)
REAL ESTATE
50 Cent purchased a 17-acre property in Connecticut. The mansion is a 50,000-square-foot residence with 37 bathrooms, 21 bedrooms, a gym, a casino, and a nightclub.
He purchased the mansion at the brink of foreclosure from a bank that had kicked out the earlier owner Mike Tyson.
50 Cent paid $4.1 million for the property and an additional $6 million on furnishings and upgrades adding a private movie theatre, infinity pool, and a helicopter pad.
Sources say that he did this in order to be closer to his son who stayed at Long Island with his mother.
50 CENT NET WORTH: EARLY LIFE
Curtis James Jackson 111, generally known as 50 Cent, was born in Queens, New York city to a single mother named Sabrina.
Sabrina was a drug dealer. She raised 50 Cent till she died in a fire when he was right. His father and mother were separated so he had to live with his grandmother after that.
50 Cent began selling drugs at the age of 11 in the 1980s when Crack was rampant. In the 10th grade, he was caught by a metal detector at Andrews Jackson High School after bringing drugs to school. After his arrest, he openly told his grandmother he sold drugs.
50 Cent was apprehended on June 29, 1994, for selling vials of cocaine to an undercover police officer. He was arrested again three weeks later. The police searched his home for heroin, cocaine, and a starting pistol.
He served six months in a boot camp and earned a GED instead of three to nine years in prison on the account that he didn’t consume drugs.
CAREER
50 Cent started his career by rapping in his friend’s basement to become one of the greatest rappers of all time.
In 1996, he was introduced to Jay of Run-DMC, the owner of Jam Master Records. Jay took 50 Cent under his wing and showed him how to count bars, write choruses, structure songs and make records. Jay also produced his first unreleased album.
50 Cent made his first appearance on React with Onyx for their 1998 album Shut’ em down. He credited Jam Master Jay for improving his ability to write hooks.
In 1999, 50 Cent left Jam Master Jay but was later signed to Columbia Records by the Track Master.
They sent him upstate to New York Studio, where he produced thirty-six songs in two weeks, eighteen were included in his 2000 album called Power Of The Dollar. He founded Hollow Point Entertainment with former G-Unit member Bang em smurf.
50 Cent’s popularity grew after the successful, controversial underground single How To Rob which he wrote in a half-hour car ride to a studio. The track comically describes how he wanted to rob famous artists.
PERSONAL LIFE
On October 13, 1996, 50 Cent’s girlfriend, Shaniqua Tompkins gave birth to their son Marquise Jackson. Although the relationship between Shaniqua and 50 Cent was called an unfortunate tale of love gone sour.
The two have been quarreling, in and out of court for years and have even taken their feud to social media.
Jackson had his second son with model Daphne Joy on September 1, 2012. His name is Sire Jackson.
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BUSINESS VENTURES
50 Cent is financially invested in a variety of businesses. He is currently involved in artist and talent management, Record, television, footwear, real estate, mining, boxing, promotions, vodka, fragrance, consumer, electronics, and fashion.
He established his own record label G-Unit in 2003 followed ng mainstream. 50 Cent also started a publishing imprint and he has a number of books to his credit. He partnered with Glacéau to create an enhanced water drink called Formula 50.
He founded two film production companies, but only one is in operation, namely Cheetah Vision. 50 cent established a consumer electronics company called SMS Audio.
In December 2014, he signed a $78 million deal with Frigo Revolution Wear, a luxury underwear brand.
SETBACK
50 Cent has had challenges over the years. On July 13 2015, he filed for Chapter 11 bankruptcy protection in the US Bankruptcy Court for the District of Connecticut with a debt of $32,509, 549.91
His assets were listed between $10 million and $50 million in his bankruptcy petition which he denied saying he is with $4.4 million, citing between $10 and $50 million in debt.
On May 24, 2000, 50 Cent was attacked by a gunman outside his grandmother’s former home in South Jamaica. After getting into a friend’s car, he was asked to return to the house to get some jewellery. His son was in the house while his grandmother was in the front yard.
50 Cent returned to the back seat of the car and another car pulled nearby, an assailant walked up and fired nine shots at close range with a 9mm handgun. He was shot in the hand, arm, hip, both legs, chest, and left cheek.
His face wound resulted in a swollen tongue, the loss of a wisdom tooth, and a slightly slurred voice. His friend was wounded in the hand. They were driven to the hospital, where 50 Cent spent three days. The alleged attacker Darryl Baum Mike Tyson’s close friend and bodyguard, was killed three weeks later.
He used a walker for six weekends ad fully recovered after five months. He stayed with his girlfriend and son in the Poconos when he left the hospital, and his workout regime helped him develop a muscular physique.
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HIGHLIGHTS
- BET Awards- Best New Artist (2003)
- American Music Award- Favourite Rap/ HipHop Male
- Artist (2003)
- Brit Awards- International Breakthrough Artist (2004)
- World Music Award- World Best-Selling Pop Male Artist (2003, 2005)
- Billboard Music Awards- Top 100 Artist (2005)
- BET HipHop Awards- Hustler Of The Year (2007)
- Grammy Awards- Best Rap Performance by a Duo or Group( Crack A Bottle 2010)
50 Cent is one of the most successful rappers. He has ranked on the list of those famous people who were born on July 6 1975.
He is one of the richest rappers who was born in NY. Hehas a position among the list of most popular rappers.
50 CENT NET WORTH: ALBUMS
- Power of the Dollar (2000)
- Rare (2003)
- Get Rich or Die Tryin’ (2003)
- The Massacre (2005)
- Curtis (2007)
- Bulletproof (2007)
- 5 (Murder By Numbers (2012)
- Animal Ambition (2014)
- The Kanan Tape (2015)
50 CENT NET WORTH: QUOTES
Every negative is a positive. The bad things that happen to me, I somehow make them good. That means you can’t do anything to hurt me.” – 50 Cent
Wise men listen and laugh, while fools talk.” – 50 Cent
Different day, the same s***. Ain’t nothing good in the hood. I’d run away from this b**** and never come back if I could.” – 50 Cent
“If you die in an elevator, press the up button.” – 50 Cent
“Death gotta be easy, ’cause life is hard. It’ll leave you physically, mentally, and emotionally scarred.” – 50 Cent
You 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 your face.” – 50 Cent
Behind me is infinite power. Before I is endless possibility, around me is boundless opportunity. My strength is mental, physical, and spiritual.” – 50 Cent
See also: 10 Highest Paid Rappers and their Net Worth | 2023
50 CENT NET WORTH: PHILANTROPHY
50 Cent is on the Board of Directors of G-Unity Foundation which provided grants to nonprofit organizations that work to improve the quality of life for low-income and under-served communities.
In July 2011, Jackson launch a philanthropic initiative to provide food for one billion starving people in Africa by 2016 joining Pure Growth Partners to introduce Street Kings. A portion of the proceed from each Street Kings purchase would be used to provide a daily meal to an underprivileged child.
He joined Right Guard to introduce a body spray (Pure 50 RGX) and endorsed Magic Stick Condoms planning to donate the profit to increase HIV awareness
CONCLUSION
50 Cent is a force to reckon with in the entertainment industry. Despite the tough times he has had to go through from childhood to this day he still manages to come back strong every single time.
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