What is 50 Cent’s Net Worth, Biography | Career | Family and more

What is 50 Cent’s Net Worth? 50 Cent is an American rapper, record producer, actor, and businessman. As of this writing, 50 Cent has a net worth of $40 million. Throughout his career, 50 Cent has earned at least $260 million from his various endeavors, which have included selling records, touring, and several brand partnership deals.

Early Life

Curtis James Jackson III, better known as 50 Cent, was born on July 6, 1975, in Queens, New York. His mother, Sabrina, was a drug dealer and raised him in the South Jamaica neighborhood. Jackson was eight years old when she died. 50 Cent was raised by his grandmother after that. He began dealing with narcotics after school when he was 12 years old.

He was arrested in 10th grade after metal detectors at his high school detected him attempting to bring in guns and drug money. He was arrested again in 1994 for selling cocaine to an undercover cop, and he was arrested again when a police search of his home turned up heroin, crack cocaine, and a pistol. He attended boot camp for six months and received his GED.

 

Ascend to Fame

Eminem discovered Jackson in 2002. Eminem was so taken with “Guess Who’s Back?” that he invited Jackson to meet Dr. Dre in Los Angeles. 50 Cent signed a record deal for $1 million and released “No Mercy, No Fear.” The soundtrack to Eminem’s film “8 Mile” included a song by 50 Cent.

50 Cent shot to fame in 2003 with his debut album “Get Rich or Die Trying.” It debuted at the top of the Billboard charts and sold nearly a million copies in the first four days. In just one week, the lead single, “In Da Club,” became the most-played song in radio history. Interscope soon gave 50 his own label, G-Unit Records.

“The Massacre,” Jackson’s next album, was released in March 2005. It was another smash hit, selling 1.14 million copies in its first four days and remaining at the top of the Billboard charts for six weeks. In 2007, his third album, “Curtis,” debuted at No. 2 on the Billboard 200.

The fourth album, “Before I Self Destruct,” was released in November 2009. Disagreements with his record label forced him to postpone the release of his fifth album, “Street King Immortal,” until November 2012. His studio albums have sold over 21 million units to date.

 

Offer on Vitamin Water

50 Cent made his most brilliant financial investment when he agreed to take a minority stake in Vitamin Water in exchange for being their celebrity spokesman and lending his name to the “Formula 50” drink. The Coca-Cola Company purchased Vitamin Water from Glaceau for $4.1 billion, making 50 Cent roughly ten times his previous rap earnings.50’s initial equity stake in Vitamin Water was reported to be 10%, which equated to $410 million in his pocket. This figure was widely rejected by investment bankers familiar with the transaction, who suggested that 50’s stake was closer to 2.5 percent, implying that he made $100-$150 million from the sale (before taxes). Not bad!

 

Connecticut Estate

50 Cent purchased a 17-acre property in Connecticut in 2003, which includes a 50,000-square-foot home with 37 bathrooms, 21 bedrooms, a gym, a casino, and a nightclub. He bought the house from a bank that had recently evicted the previous owner, Mike Tyson, out of foreclosure. 50 Cent paid $4.1 million for the property and then added a private movie theater, infinity pool, and helicopter pad.

We learned from 50’s lawyers during the bankruptcy proceedings that the house typically costs around $72,000 per month to maintain and finance. His utilities alone cost him $18,000 per year. 50 attempted unsuccessfully to sell the home in 2007 for $18.5 million.

He has been attempting to sell the house ever since, with no success. In September 2018, he reduced the price to $4.995 million, but there were no takers. He finally sold the house in April 2019 for $2.9 million, an 84 percent discount from his original offer price and a $1.2 million loss compared to the purchase price alone.