What is 50 Cent’s Net Worth?
|Net Worth||$40 million|
|Source of Wealth||Professional Rapper|
|Date of Birth||June 6, 1975|
|Place of Birth||Queens, NY|
The Usual Intro
Named Curtis James Jackson III originally, this famous rapper, actor, TV producer, and businessman uses the name 50 Cent as his professional name. An only child, 50 Cent was raised in South Jamaica, Queens, NY.
Curtis selected his professional name in honor of a street robber by the same name because he was inspired by the man’s propensity toward survival by any means. Although he has a long list of girlfriends and two sons, 50 Cent has never been married.
After multiple arrests for drugs and illegally-owned handguns, 50 Cent devoted himself to rap music in 1999.
Before the Spotlight
50 Cent was only eight years old when his mother, Sabrina Jackson, who had given birth to her son at age 15, died. After her death, he went to live with his grandmother, who simultaneously raised nine other children.
By the time he was 12 years old, he was already dealing crack cocaine on the gang-dominated streets. By age 15, he was an armed drug kingpin who was earning $150 thousand dollars a month selling illegal substances.
The rapper dropped out of high school and spent a good deal of time as a teenager under arrest and in jail. While incarcerated, he listened to his favorite rappers. When his little boy was born, he was inspired to give up drugs and follow in the footsteps of the rappers who had sustained him.
The Journey to Success
One of 50 Cent’s boyhood idols was the rapper Jam Master Jay of Run-DMC. In 1996, one of his friends introduced them. Jay had grown up in the same hood as 50 Cent and recognized his talent.
The Run-DMC member began to work with the young rapper to teach him the ins and outs of the genre. The following year, Jam Master Jay signed a contract with 50 Cent, which was a production agreement.
50 Cent began to flourish. He was independently releasing music without a contract from any major record company. When his popularity grew, big labels began to recruit him.
In 1999, he signed a contract with Columbia Records that resulted in a $65,000 advance. He was obligated to give Jam Master Jay $50,000 of it and to pay his entertainment lawyer the remaining portion, which left him with no money.
Things did not progress with Columbia as well as 50 Cent had hoped, so he ended up cutting his own record to get their attention.
In 2002, 50 Cent’s time as a drug dealer began to catch up with him. While sitting in a car one day, another car pulled up beside him and shot him nine times.
Although seriously injured, he survived, but Columbia thought he was too big a risk and dropped him from the label. Shortly thereafter, however, 50 wrote Wanksta, which was the key to real fame and fortune.
50 Cent presented Eminem’s manager with that song and a few others and was immediately asked to sign with the same label that represented Eminem, Shady/Aftermath, and was given a million dollars. That was the beginning of a robust career for the rapper, who increased in popularity exponentially.
The Best Moments
- 1999 – Released Power of the Dollar and In Too Deep albums
- 2002 – Released 8 Mile Soundtrack and Guess Who’s Black
- 2003 – Released Get Rich or Die Tryin’
- 2004-5- Released The Massacre
- 2006 – Collaborated with Eminem on The Re-Up
- 2007 – Released Curtis
- 2008 – Released non-album singles
- 2009 – Released Before/Self-Destruct
- 2010 – Released non-album single
- 2011 – Released The Big Ten
- 2012-13 – Released non-album singles
- 2014 – Released Animal Ambition
- 2015-22 – Non-album singles
The Private Side
50 Cent has a son, Marquis Jackson, with his former girlfriend, Shaniqua Tompkins, who sued him for $50 million after their breakup. The case was dismissed. 50 Cent gave up drugs and alcohol after the child was born. While he has had relationships with numerous women, he has never married.
He was arrested for various drug and firearms violations on three occasions very early in his career.
50 Cent Related YouTube Video
50 Cents — In Da Club (Official Music Video)
Famous Quotes of 50 Cent
- “I come from the bottom and I have risen up and I have changed but I have never forgotten.”
- “If you die in an elevator, make sure you press the up button.”
- “Your opinion of yourself becomes your reality.”
- “Your opinion of yourself becomes your reality.”
The Social World
Here are some social media stats and the following count of 50 Cent:
Lessons for Entrepreneurs
50 Cent wants the finer things in life and knows that to attain them, he has to hustle. His business prowess has evolved from self-examination and re-prioritizing the things that are important.
He would rather work hard to earn money than talk about it openly. He finds that he is more successful in his music career when he doesn’t allow himself to be influenced by other rappers.
The Unusual Stuff
- The stage name 50 Cent was taken from a nickname given to Kelvin Martin, a robber from Brooklyn.
- 50 Cent lives in a huge Connecticut mansion that has 25 bathrooms, 19 bedrooms, and 17 acres of surrounding land. He also owns a home in Houston, Texas, and travels between the two.
- 50 Cent manufactured Vitamin Water and sold the company for $100 million in 2009.
Answering Frequent Questions
What are 50 Cent’s physical measurements?
The rapper is 6.1″ and weighs a stocky 207 pounds
Has 50 Cent ever acted?
Yes, over the last decade, 50 Cent has played a number of film roles,
Has 50 Cent ever filed for bankruptcy?
Yes, he filed for bankruptcy in 2019 to avoid having to pay large sums of money over a copyright infringement suit that had to do with an earphone design.
The Closing Remarks
Despite growing up in poverty, losing his mother at an early age, and living in a household with nine other children, 50 Cent overcame the trials and tribulations of a drug dealer who was shot nine times to become one of the world’s leading hip-hop recording artists.
He has delved into many businesses through the years, including the film industry, but is best known for his music. Upon becoming a parent, 50 Cent cleaned up his life, stopped taking drugs, and stopped drinking alcohol in a complete about-face that resulted in his financial success.
He has demonstrated the qualities of a good father, an excellent businessman, and an outstanding, award-winning singer who is hard-working and competitive.
Featured image credit: Featureflash Photo Agency / Shutterstock.com