50 Cent net worth: American rapper, actor, investor and entrepreneur, 50 Cent has a net worth of $155 million (before going broke).
Born on July 6, 1975, in South Jamaica, Curtis Jackson III was raised by his drug addict mother during his childhood while he shifted with his grandparents after his mother died. Curtis Jackson started practicing boxing while also working with narcotics and he also competed in the Junior Olympics as an amateur boxer. Studying at Andrew Jackson High School, Curtis was found with guns and drugs when he was just sixteen after which he was sent to correctional boot camp. He then adopted his nick name ’50 Cent’ which was derived from a Brooklyn robber, Kelvin Martin.
50 Cent started his musical career as a rapper singing for friends and playing turntables as instrumentals. His amazing rapping skills saw him get introduced to Jam Master Jay who had his own records by a friend after which 50 Cent learnt writing choruses, structure his songs, count bars and create a record. 50 Cent then made his first official appearance with the Onyx in 1998 on a song ‘React‘ from the album ‘Shut ‘Em Down‘.
50 Cent was soon noticed by Trackmasters who signed him up after which he recorded 36 songs in two weeks out of which 18 were included in his album ‘Power of the Dollar‘ in 2000. 50 Cent rose to prominence through his controversial underground single ‘How to Rob‘ which became a hit and got replies from several popular rappers like Jay-Z, Big Pun, DMX, Sticky Fingaz and Nas.
50 Cent was noticed by Eminem through Guess Who’s Back? CD, which saw him get introduced to Dr. Dre and he went on to sign a $1 million record deal after which he released the mixtape No Mercy, No Fear. 50 Cent’s net worth saw its boost again after another contract with Chris Lighty’s Violator Management and Sha Money XL’s Money Management Group. His first commercial debut album Get Rich or Die Tryin’ became a hit making over 872,000 sales and ranking #1 in the Billboard 200 of which the lead single ‘In da Club’ broke Billboard record for being the most listened-to song on radio just in a week after the release.
50 Cent grabbed his own label named G-Unit Records through Interscope in 2003 and signed Tony Yayo, Lloyd Banks and Young Buck with whom he released Beg for Mercy. 50 Cent’s net worth in 2004 was recorded to be around $90 million with his record sales and endorsements through Reebok International, and beverage sponsorship.
Apart from his musical career, 50 Cent has also grabbed paramount fame in several fields. After working with Glaceau to create Formula 50, a vitamin water drink, his net worth rose further after Coca-Cola bought the product for $4.1 billion which made him a stakeholder of over $100 million from the deal. His cameo appearances in several TV shows and movies like The Simpsons, Home of the Brave, Righteous Kill, etc have also established himself as an actor.
50 Cent was in a relationship with Shaniqua Tompkins with whom he had his first son Marquise Jackson and the couple have went on to have a lot of legal issues together. He dated Vivica A. Fox in 2003 but the relationship could last only for a few months. With not much of interest in politics, 50 Cent has shown his support for George W. Bush for the Hurricane Katrina case while also switching to support Barack Obama later.
50 Cent has also been involved in penny stock investments and several other social media endorsements. He also is an ardent fan of cars and owns Ferrari F50, Lamborghini Murcielago, and Ferrari 599GTB while also having several mansions of great worth. Passing through several obstacles in his dramatic life, 50 Cent’s become one of the most discussed figure in the music industry and his business-savvy nature makes him one of the richest rappers today.
50 Cent’s net worth was estimated to be around $270 million a few years before. But he went bankrupt and could not even pay a $5 million in payment to his rival Rick Ross’ baby mama, Lastonia Leviston, who sued him for posting a sex tape online to millions of viewers in an attempt to embarrass Ross. However, Forbes puts his net worth at $155 million in 2015.
Quick Facts about 50 Cent
Full Name: Curtis James Jackson III
Profession: Rapper, Actor, Entrepreneur, Investor
Height: 6′ 0″ (1.83 m)
Weight: 220 lbs (99 kg)
Ethnicity: African American
Date of Birth: July 6, 1975
Place of Birth: South Jamaica, Queens, New York City, NY
Education: Drop Out, Andrew Jackson High School
Marital status: Single
Children: 1 ( Marquise Jackson)
50 Cent Zodiac: Cancer