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How 50 Cent Achieved a Net Worth of $40 Million

50 Cent

50 cent is an American rapper, actor, producer, and entrepreneur. At the time of this writing, his net worth is approximately $40 million. During his career, 50 cent has accumulated more than $260 million from selling records, brand partnership deals, and other profitable endeavors.

However, his lavish lifestyle saw his fortunes down, so he filed for chapter 11 bankruptcy in 2015. Keep reading to learn more about 50 cent's basic details, early life, career life, networth, personal life, and achievements.

50 Cent Basic Information

  • Net worth: $40 million
  • Date of birth: July 6, 1975 (47 years)
  • Place of birth: South Jamaica
  • Gender: Male
  • Real Names: Curtis James Jackson III
  • Height: 6 ft (1.83 meters)
  • Profession: Rapper, Businessperson, Investor, Actor, Film Producer, Songwriter
  • Screenwriter, Entrepreneur
  • Country of origin: United States Of America
  • Last updated: December 2022

Early Life

Curtis James Jackson, aka 50 cent, was born in the Borough of Queens, New York, to his mother, Sabrina. His mother, a drug dealer, succumbed to fire when Jackson was only 8 years old.

So, Curtis was raised in big part by his grandparents. He started dealing with narcotics when he was barely 12. Curtis would usually sell the drugs after school when his guardians thought he was attending the after-school programs.

He could also take guns and crack to his school (Andrew Jackson High School) until metal detectors arrested him in 10th grade. However, that didn't stop him from dealing drugs, and he was arrested again in June 1994 for selling cocaine to an undercover cop.

Three weeks later, police officers raided his home and arrested him after discovering a starting pistol and ten ounces of cocaine. He ended up in a boot camp where he served for six months. Jackson earned his GED while serving his term in the boot camp.

Early Career and Rise To Fame

Curtis started to rap in a friend's basement, where he could record his hip-hop songs using turntables. Later, he was introduced to Jam Master Jay records, where he learned the basics like writing choruses, counting bars, structuring songs, and recording under the guidance of Jam Master Jay (Jason William Mizzel - a popular hip hop artist and a DJ by then).

Curtis later quit the jam master jay records and joined Columbia records. His rap songs began to shake the music industry when he released the controversial single, ‘How to rob.’’ In may 2000, he was about to release another single, 'thug love' with destiny child. Unfortunately, he was attacked by a gunman and hospitalized for two weeks.

So, the 'thug love' single never came to be. He took approximately 5 months to recover from the injuries sustained. While in the hospital, Curtis had entered into a publishing deal with Columbia records. However, things turned against him, and he was dropped from the label due to his song 'Ghetto Quran,' which mentioned drug dealers who thrived in South Jamaica, Queens neighborhood since 1985.

He was also banished from the recording industry following the same song complaints. Unable to record from any U.S. studio, Curtis went to Canada to record mixtapes to build his reputation. One of his success plans was to take every adept hip-hop artist's hottest beats and flip them with juicy hooks. The idea worked, giving a significant boost to his popularity.

His popularity grew, even more when he released the song, 'Guess Who's Back’ in 2002.

His Rise To Fame

The 50 cent's 'guess Who's Back,’ was a game changer. It impressed Eminem (Marshall Bruce Mathers), an American rapper and record producer, who then decided to introduce Curtis to Dr. Dre (Andre Romelle Young), the founder and CEO of aftermath entertainment and beat electronics. They signed a $1 million record deal.

Following the $1m deal, Curtis released 'No Mercy, No Fear' and 'Wanksta,' tracks, and the latter was featured in Eminem's 8-mile movie soundtrack. In 2003, Curtis released another hit song, "Get Rich or Die Trying," that debuted at number 1 on the Billboard charts. He sold more than 1 million copies within the first four days of release.

Besides the Get Rich hit, 50 cent released the lead single, "In da Club," which moved fans with its guitar riffs, sparse hand claps, funky organs, and other composition elements. It was rated on billboard records as the most listened-to song in radio history. In 2005, Curtis released another album, "The Massacre," which sold approximately 1.14 million copies in the first four days of release. It also ranked 1st in the billboard charts for six weeks.

After the massacre, Curtis released other albums, including "Curtis" in 2007, "Before I Self Destruct," in 2009, and 2012’s "Street King Immortal," all of which ranked top five on the Billboard charts. At the time of this writing, his studio albums have hit more than 21 million sales.

Other Ventures

50 cent has gained a significant percentage of wealth from his record label, G-Unit Records, G-Unit clothing company, and the money team, a boxing promotion company he established in 2012.

Besides, 50 cent has also earned additional wealth from acting movies. This is not forgetting the nearly $100 million 50 cent gained as a minority stake when Coca-Cola bought the Vitamin Water company, Glacéau, for $4.1 billion.

50 Cent Career Earnings

As outlined above, 50 cent has earned a significant percentage of wealth from record sales, business ventures, the 10% Glaceau stake, and other investments. Below is a breakdown of his net earnings over the years:

  • 2007: $32 million
  • 2008: $150 million
  • 2009: $20 million
  • 2010: $8 million
  • 2011: $6 million
  • 2012: $7 million
  • 2013: $7 million
  • 2014: $8 million
  • 2015: $4 million
  • 2016: $6 million
  • 2017: $5 million
  • 2018: $4 million
  • 2019: $4 million

As you can see, 50 cent has earned approximately $261 million over his lifetime. However, his lavish lifestyle has reduced his networth to approximately $40 million.

How 50 Cent Spends His Money

50 cent is extravagant because he has lavishly spent most of his earnings. For instance, in 2003, he publicly stated that he had acquired mike Tyson's old mansion, featuring 21 bedrooms, a nightclub, casino, and gym, for $ 4.1 million. Besides the initial cost, the mansion is said to have cost him an additional monthly cost of $72,000 in maintenance and $18,000 in utility bills.

50 cent is also passionate about expensive cars. His yard is said to be filled with cars from luxurious brands like Ferrari, Rolls Royce, and Lamborghini species like his custom Versace-wrapped Lamborghini Aventador.

Personal Life

Very little is known about 50 Cents relationship life. However, he has a son, Marquise Jackson, with his former girlfriend, Shaniqua Tompkins. The two have had feuds over social media countless times. There was even a time when Tompson sued 50 cents for $50 million, but the case was dropped.

50 cent loves politics. He strongly supported President George W. Bush in 2005, Barack Obama in 2008, and Hillary Clinton in 2016. In 2016, 50 cent was accused of harassing a janitor with autism and ear impairment. The Janitor's parents were to sue him had he not apologized. He donated $100,000 to Autism Speaks and apologized.

Awards & Achievements

50 Cent has won great awards for his artistic works. Examples of these awards include:

  • Billboard Music Awards Album of the Year 2003
  • Mobo Awards Best Hip-Hop Act in 2003
  • MTV Video Music Awards Best Rap Video in 2003
  • World Music Awards Best Selling Hip Hop Artist in 2007
  • Grammy Awards Best Rap Performance By a Duo or Group in 2010

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Garrett Parker

Written by Garrett Parker

Garrett by trade is a personal finance freelance writer and journalist. With over 10 years experience he's covered businesses, CEOs, and investments. However he does like to take on other topics involving some of his personal interests like automobiles, future technologies, and anything else that could change the world.

Read more posts by Garrett Parker

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