50 Cent is an American rapper, actor, and businessman with 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 $1 million deal that he signed to produce.
He has been called “a master of the subtle art of lyrical brevity” for his contributions to the hip-hop music business. 50 Cent has sold approximately 30 million records worldwide and has received a Grammy Award, 6 World Music Awards, etc.
50 Cent Net Worth (2024)
| Net worth: | 30 million dollars |
| Job: | rapper |
| Year old: | 49 years old |
| Nation: | USA |
| Born: | July 6, 1975 |
| Wage: | $5 million (Annual) |
| Last updated | 2024 |
50 Cent’s Net Worth Growth
| Net worth 2024 | 30 million dollars |
| Net worth 2023 | $28 million |
| Net worth 2022 | 25 million dollars |
| Net worth 2021 | $23 million |
| Net worth 2020 | 20 million dollars |
Early life
Curtis James Jackson was born in Queens, New York City on July 6, 1975. He was raised alone 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. Jackson then began living with his grandparents. He began dealing drugs on the streets after returning from school at the age of 12.
His grandmother thought he was attending after-school programs. In 10th grade, he was arrested by a police officer. The next time he made the mistake of bringing a gun, drugs, and money to school, he did.
The school’s metal detectors found him. At 14, a neighbor opened a boxing gym for kids in the neighborhood. “I was competitive in the ring, and hip-hop was competitive,” he said.
During elementary school, he sold crack. He was arrested two more timesonce for selling cocaine to an undercover police officer, and a second time for possession of controlled substances and a gun in his home.
Career
He started rapping in his basement. He learned songwriting, beat structure, choruses, etc. from Jam Master Jay. In 1999, Jackson signed with Columbia Records and released his debut album ‘Power of the Dollar’.
One of the major developments in his career was when he released the single “How to Rob”. It caught the attention of major artists at the time. In 2000, when he released his album “Thug Love”, 50 Cent was targeted outside his home.
He was shot nine times and taken to the hospital. With injuries that severe, it was almost impossible for anyone to survive, but it was a miracle. After 6 months, he was healed and began to think that he might have a real purpose in life.
In the same year, he met Eminem and she was very inspired by him. After that, he released many albums. He made a lot of money as a businessman. In 2003, he released the album “Get Rich or Die Trying”.
He became famous all over the world. The album debuted at number 1 on the Billboard charts and sold nearly a million copies in the first 4 days of its release. In 2005, his next album was “The Massacre”. In 2007, his third album “Curtis” reached the top.
The album peaked at number two on the Billboard 200. In 2009, his fourth album, “Before I Self Destruct,” was released. In 2012, he was forced to release his fifth album, “Street King Immortal,” due to disagreements.
His studio albums have sold over 21 million copies to date. In 2017, Interscope Records released 50 Cent’s final album, “Best Of,” a greatest hits collection. The Universal fire of 2008 destroyed the work, including 50 Cent.
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Personal life
50 Cent’s 21-bedroom home has an eight-car garage, a squash court and a home theater. Jackson had a girlfriend, Shaniqua Tompkins, with whom he had one child, Marquise Jackson.
His girlfriend, Tompkins, later filed a $50 million lawsuit against Jackson, claiming that he had promised to care for her for the rest of his life, but had later broken it. The two have sparred on several occasions on social media.
Daphne Joy, a model and Jackson’s girlfriend, has a second son, Sire Jackson. Sire began modeling for Kidz Safe, a children’s headphone company, when he was two years old, earning $700,000 from his contract.
Then another scandal was reported and made public. He was harassed by someone and the video of the incident went viral. In 2005, after rapper Kanye West criticized President George W. Bush for his slow response.
In 2008, Jackson endorsed Barack Obama, and in 2016, he endorsed Hillary Clinton. Jackson does not use drugs or drink alcohol, although some of his songs do. Because he disliked Joe Biden’s tax ideas, he endorsed Donald Trump in 2020. He rescinded his endorsement a week later, tweeting, “Fuck Donald Trump, I never liked him,” and instead endorsed Biden.
How does 50 Cent spend his money?
Jackson’s estate is valued at $8.25 million. He also owns other real estate, including investment properties in Atlanta and Long Island and a New Jersey condo that the rapper rents out. These are his biggest investments.
All told, he spends about $70,000 a month to maintain his three main homes. His first business venture was a partnership with Glacéau to create an energy-boosting drink called Formula 50.
In October 2004, Jackson was revealed to be an investor in the beverage, at which point he gave a small stake in the company in exchange for becoming its spokesperson after learning he was a fan of the beverage.
Related: Kanye West Net Worth
Legal issues
In 1994, Jackson was charged with selling four bags of cocaine to an undercover detective. He claimed he did not use cocaine. Although Jackson was sentenced to three to nine years in prison, he only served six months.
In 2002, Jackson was arrested along with four members of his entourage. In a parked car, police discovered a .25-caliber handgun and a .45-caliber handgun. Two counts of illegal possession of a weapon were filed against the rapper.
After being hit with a water bottle, Jackson was charged with three counts of assault and battery. In 2005, Jackson was given a two-year suspended sentence for a brawl at the 2004 MTV Video Music Awards in Los Angeles.
File for bankruptcy
Although 50 Cent is one of the most influential hip-hop artists in the world and a successful businessman. But there is a bankruptcy filing against 50 Cent. In 2015, Cent filed for Chapter 11 bankruptcy protection. He was residing at Mike Tyson’s former mansion at 50 Poplar Hill Dr, Farmington, CT 06032 at the time the petition was filed.
The filing comes just days after a jury ordered 50 to pay Rick Ross’ ex-girlfriend Lavonia Leviston $5 million in damages for intentionally leaking a sex tape she was involved in. That’s a huge sum for him to pay.
About
| Name | 50 cents |
| Net worth | 30 million dollars |
| Year old | 49 years old |
| Height | (1.76 meters) |
| Weight | 80KG (Approx.) |
| Job | rapper |
| Date of birth | July 6, 1975 |
| Place of birth | USA |
| Nationality | American |
| Income | $5 million (Annual) |
| Couple | Do not have |
“THE SUPREME POWER IN LIFE IS TO BE COMPLETELY INDEPENDENT, TO BE COMPLETELY YOURSELF.”
– 50 cents
50 Cent Social Media Profile
Lawsuits
Jackson sued an advertising company for allegedly endangering his safety by using his image in an ad. “Shoot the rapper and you’ll win $5,000 or 5 ringtones guaranteed,” the ad said, featuring a cartoon image of the rapper.
Although the ad did not feature his name, the image was said to resemble him and imply that he approved the merchandise. He sought specific civil penalties and a permanent injunction preventing further use of the image.
Jackson filed a lawsuit against Taco Bell in 2008 over a marketing campaign. He was asked by Taco Bell to change his name to 79 Cent, 89 Cent, or 99 Cent. They agreed to donate $10,000 to a charity of his choice.
The dispute was settled without going to court. Brandon Parrott gave Dr. Dre and 50 Cent the rights to use “Bamba” for the song “PIMP” in 2016, according to a judge.
Civil and criminal matters
In 2008, a fire broke out at one of Michael Jackson’s New York properties. In Los Angeles County court in 2013, Jackson pleaded not guilty to one charge of domestic violence and four charges of arson.
He could face up to five years in prison and a $46,000 fine if convicted on all charges. Daphne Joy, a model and actress, accused Jackson of kicking her and ransacking her bedroom during a fight at her Los Angeles apartment, resulting in a $7,100 fine.
A judge has subpoenaed Michael Jackson to appear in court over months of Instagram posts. Jackson was not being completely transparent about his finances, according to the judge, who pointed to photos of the artist holding large amounts of money.
Jackson then announced in 2016 that he would stop using Instagram and instead let someone else manage his user profile. In 2021, actor Samuel L. Jackson passed away.
Jackson was involved in a viral video of him offering to pay for a Burger King restaurant in 2020, sparking outrage. He was later arrested and charged with Bitcoin fraud, as well as assault and kidnapping of his victim.
Related: Snoop Dogg Net Worth
Awards and Recognition
In the entertainment industry, 50 Cent is famous as a rapper. Despite the peaks and valleys of the charts, he has received many honors and recognitions. Moreover, he was awarded the BET Awards for Best New Artist and Best Female Artist in 2003.
Favorite Rap/Hip-Hop Male Artist at the American Music Awards. In 2004, he also won the BRIT Award for International Breakthrough Artist. In 2003 and 2005, he won the World Music Awards for World’s Best-Selling Pop Male Artist.
He received the 2005 Billboard Music Award for Top Artist on the Hot 100, the 2007 BET Hip-Hop Award for Job Hunting Artist of the Year, and the 2010 Grammy Award for Best Rap Performance by a Duo or Group (Crack a Bottle).
50 Cent Net Worth
As of 2024, 50 Cent’s net worth is estimated to be around $30 million. The majority of his income comes from brand endorsements and deals. He has earned $100 million as a minority shareholder.
In Coca-Cola’s $4.1 billion deal with Glaceau and a $78 million deal with a high-end lingerie brand called FRIGO Revolution Wear, among other earnings.
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