50 Cent is an American rapper, actor, and businessman who has 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 made to produce.
He has been called “a master of the subtle art of lyrical brevity” for his contributions to the hip-hop business. 50 Cent has sold about 30 million records worldwide and received a Grammy Award, 6 World Music Awards, etc.
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50 Cent Net Worth (2024)
| Net value: | 30 million USD |
| Job: | Rapper |
| Year old: | 49 years old |
| Nation: | America |
| Born: | July 6, 1975 |
| Wage: | 5 million USD (Annual) |
| Latest updates | 2024 |
50 Cent’s Net Worth Growth
| Net worth in 2024 | 30 million USD |
| Net worth in 2023 | 28 million USD |
| Net worth in 2022 | 25 million USD |
| Net worth in 2021 | 23 million USD |
| Net worth 2020 | 20 million USD |
Early life
Curtis James Jackson was born in Queens, New York City on July 6, 1975. He was raised single-handedly by his mother Sabrina in the South Jamaica neighborhood.
His mother was a drug dealer and died in a fire when he was eight years old. After that, Jackson began living with his grandparents. He started dealing drugs on the streets after returning from school at age 12.
His grandmother thought he was attending after-school programs. While in 10th grade, he was arrested by the police. The next time, he made another mistake of bringing guns, drugs and money into school, which he did.
The school’s metal detector detected him. At the age of 14, a neighbor opened a boxing gym for neighborhood children. “I was competitive in the ring and hip-hop is competitive,” he commented.
When he was in elementary school, he sold crack. He was arrested two more timesonce for selling cocaine to an undercover police officer, and a second time for selling illegal drugs and guns in his home.
Career
He started practicing rapping in his basement. He learned from Jam Master Jay about song writing, beat structure, choruses, etc. In 1999, Jackson signed with Columbia Records and he released his debut album, ‘Power of the Dollar ‘.
One of the important developments in his career came when he released the single “How to Rob”. It attracted the attention of major artists at the time. In 2000 since the release of his album “Thug Love”, 50 Cent was targeted outside his home.
He was shot nine times and taken to the hospital. With these severe injuries, it is almost impossible for anyone to survive, but it is a miracle. After 6 months, he was healed and began to think he might have a real purpose in life.
That same year he met Eminem and she was very inspired by him. After that, he released many albums. He makes 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. It debuted at No. 1 on the Billboard charts and sold nearly a million copies in its first four days of release. In 2005, the next album was The Massacre. In 2007, his third album “Curtis” reached its peak.
It peaked at number 2 on the Billboard 200. In 2009, the fourth album, “Before I Self Destruct,” was released. In 2012, due to differences in opinion, he was forced to release his fifth album “Street King Immortal”.
His studio albums have sold more than 21 million copies to date. In 2017, Interscope Records released 50 Cent’s final album, “Best Of,” which was a greatest hits collection. The 2008 Universal fire destroyed the structure, including 50 Cent.
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Personal life
50 Cent’s 21-bedroom home has an eight-car garage, a racquetball court and a home theater. Jackson had a girlfriend, Shaniqua Tompkins, and had a child, Marquise Jackson.
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His girlfriend Tompkins later filed a $50 million lawsuit against Jackson, saying he promised to take care of her for life, which was later rescinded. In some cases, the two have been feuding on social networking sites.
Daphne Joy, a model, Jackson’s girlfriend has a second son, Sire Jackson. Sire began modeling for Kidz Safe, a company that makes headphones for children, at the age of two, earning $700,000 from her contract.
Then another scandal was reported and caused a stir. He was harassed by someone and the video of this incident went viral. In 2005, fellow rapper Kanye West chastised President George W. Bush for his slow response.
In 2008, Jackson supported Barack Obama and in 2016, he supported Hillary Clinton. Jackson did not use drugs or drink alcohol, despite the content of some of his songs. Due to his dislike of Joe Biden’s tax ideas, he endorsed Donald Trump in 2020. A week later, he rescinded his endorsement and wrote on Twitter, “Fu*k Donald Trump, I have never now like him,” and supported Biden instead.
How does 50 Cent spend money?
Jackson’s assets are worth $8.25 million. He also owns other assets, including investment properties in Atlanta and Long Island and an apartment in New Jersey that the rapper rents out. These are the biggest investments.
If we add it all up, he spends about $70,000 a month to maintain his three main homes. His first business venture was collaborating with Glacéau to create an enhanced drink called Formula 50.
In October 2004, Jackson became known as a beverage investor. At the time, he gave a minority stake in the company in exchange for becoming a spokesperson after learning that he was a fan of the drink.
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Legal issue
In 1994, Jackson was accused of selling four packages of cocaine to an undercover detective. He stated that he did not use cocaine. Despite Jackson being sentenced to three to nine years in prison, he still served six months in prison.
In 2002, Jackson was arrested along with four members of his entourage. In a parked car, police discovered a .25 caliber shotgun and a .45 caliber pistol. Two counts of illegal possession of a weapon were filed against the rapper.
After being hit by a thrown water bottle, Jackson was charged with three counts of assault and battery. In 2005, Jackson received a 2-year suspended prison sentence for causing a fight at the 2004 MTV Video Music Awards in Los Angeles.
File for bankruptcy
Despite this, 50 Cent is one of the most influential hip-hop artists worldwide and is also a successful businessman. But there has been 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 of the filing.
The filing comes just days after a jury ordered 50 people to pay Rick Ross’s ex-girlfriend Lavonia Leviston $5 million in damages for intentionally leaking a sex tape she had relate to. This is a huge amount of money that you need to pay.
About
| Name | 50 cents |
| Net value | 30 million USD |
| Year old | 49 years old |
| Height | (1.76 m) |
| Weight | 80kg (approx.) |
| Job | Rapper |
| Date of birth | July 6, 1975 |
| Place of birth | USA |
| Nationality | American |
| Income | 5 million USD (Annual) |
| Couple | do not apply |
“THE GREAT POWER IN LIFE IS COMPLETE CONFIDENCE, COMPLETELY YOURSELF.”
– 50 cents
50 Cent Social Media Profile
Lawsuit, litigation
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Jackson sued an advertising agency for allegedly endangering his safety by using his image in an advertisement. “Shoot the rapper and you’re guaranteed to win $5000 or 5 ringtones,” the ad said, accompanied by a cartoon image of the rapper.
Despite the fact that the ad does not contain his name, the image is said to resemble him and implies that he approves of the goods. He requested specific civil sanctions and a permanent injunction blocking use of the images.
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 make a charitable donation of $10,000 of his choosing.
The dispute was resolved without going to court. According to a judge, Brandon Parrott authorized Dr. Dre and 50 Cent the rights to “Bamba” for the track “PIMP” in 2016.
Civil and criminal matters
In 2008, a fire broke out at one of Michael Jackson’s facilities in New York. In Los Angeles County court in 2013, Jackson pleaded not guilty to one count of domestic abuse and four counts of vandalism.
He could face up to five years in prison and a $46,000 fine if convicted of all charges. Daphne Joy, a model and actress, accused Jackson of kicking her and ransacking her bedroom during an altercation at her Los Angeles apartment, causing $7,100 in damage.
Because of the Instagram posts he made over the months, a judge summoned Michael Jackson to court. Jackson was not completely transparent about his finances, according to the judge, who pointed to photos of the artist holding a pile of money.
Jackson then announced in 2016 that he would stop using Insta and that his user profile would instead be managed by anyone else. In 2021, actor Samuel L. Jackson will pass away.
Jackson was involved in a viral video of him offering to pay for a Burger King restaurant in 2020, which sparked outrage. He was subsequently arrested and charged with Bitcoin fraud, as well as assault and kidnapping of his victims.
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Awards and certificates
In the entertainment world, 50 Cent is famous as a rapper. Despite the peaks and troughs in his graph, he has received a lot of honors and recognition. Furthermore, the BET Awards for Best New Artist and Best Female Artist were given in 2003.
Most Popular Rap/Hip-Hop Male Artist at the American Music Awards. In 2004, he was also awarded the BRIT Award for International Breakthrough Artist. In 2003 and 2005, he won the World Music Award for World’s Best-Selling Male Pop Artist.
He received the 2005 Billboard Music Award for Top Hot 100 Artist, the 2007 BET Hip-Hop Award for Hustler of the Year, and the 2010 Grammy Award for Best Rap Performance by a Duo or Group ( Crack a Bottle).
Net worth 50 cents
As of 2024, 50 Cent’s net worth is estimated to be around $30 million. The majority of his income comes from endorsements and brand deals. He earned $100 million as a minority shareholder.
In the $4.1 billion Coca-Cola transaction with Glaceau and reaching a $78 million deal with a high-end underwear brand called FRIGO Revolution Wear, among many of his other earnings.
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Category: Net Worth