50 Cent is an American rapper, producer, actor, and entrepreneur. As of this writing, 50 Cent’s net worth is $40 million. During his career to date, 50 Cent has earned at least $260 million from his various endeavors, notably selling records, touring, and several brand partnership deals.
Unfortunately, he has also spent lavishly (especially on real estate, cars, and lawsuits), which caused him to file for Chapter 11 bankruptcy in July 2015. Much more on that filing later in this article. At his peak before the bankruptcy, 50 Cent’s fortune topped $100 million.
50 Cents Early Life
50 Cent was born Curtis James Jackson III on July 6, 1975, in Queens, New York City. He was raised in the South Jamaica neighborhood by his mother. She died when Jackson was just eight years old. 50 Cent was then raised by his grandmother. He served six months in a boot camp and earned his GED.
He began dealing drugs at the age of twelve, and by the time he was in the tenth grade, he had already had run-ins with the law when he tried to enter his high school with guns and drug money. His run-ins with the law persisted, leading to drug-related charges and the seizure of illicit materials.
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50 Cents Professional Life
Jackson gained quiet popularity when he released a controversial underground rap single, “How To Rob.” In May 2000, he was geared up to release “Thug Love,” a single with Destiny’s ChildIn 2002, he released the mixtape “Guess Who’s Back?”.
In his relatively short time in the spotlight, 50 Cent founded label G-Unit records, launched G-Unit clothing company, and has even acted in several movies with legends like Al Pacino and Robert Deniro..50 Cent’s most brilliant financial investment came when he negotiated a minority stake in Vitamin Water in return for being their celebrity spokesman and lending his name for the “Formula 50” drink.
50 Cents Personal Life
50 Cent has a son with former girlfriend Shaniqua Tompkins. Marquise Jackson was born in October 1996. Tompkins later sued Jackson for $50 million, but the suit was dismissed. The two have feuded over social media many times.
In May 2016, after walking through Cincinnati International Airport, Jackson harassed a janitor at the airport and insulted him when he accused the janitor of being under the influence. As it turned out, the janitor was an autistic and hearing impaired teenager. The video went viral and the parents of the teenager wanted to sue 50 Cent. They settled for 50 Cent’s donation of $100,000 to Autism Speaks and an apology.
| Full Name | Curtis James Jackson III |
| Date of Birth | July 6, 1975 |
| Parents | N/A |
| Siblings | N/A |
| Children | 2(Marquise Jackson, Sire Jackson) |
50 Cents Net Worth and Salary
| Net Worth | $40 million |
| Nationality | American |
| Profession | Rapper, producer, actor, and entrepreneur |
| Awards | American Music Awards, ASCAP Awards, BET Awards, MTV Video Music Awards, Grammy Awards |
| Marital Status | Unmarried |
| Zodiac sign | Cancer |
| Sexual Orientation | Straight |
| Years Active | 1996–present |
Assets
50 Cent has amassed impressive wealth over the years, and he has lavished it on some incredibly expensive stuff. Even though 50 Cent has historically made a number of wise investments with a large portion of his income, he is no stranger to mansions and supercars. He gained notoriety in 2003 when he paid $4.1 million to buy Mike Tyson’s former estate, which included 21 bedrooms, a gym, a casino, and a nightclub.
According to reports, the mansion only cost $50,000 per month for financing and upkeep, with utility bills totaling $18,000. 50 has always had a passion for automobiles and has amassed a sizable collection from brands like Rolls-Royce, Lamborghini, and Ferrari over the years.
Facts-
- Received $1m advances for the first album.
- Has sold more than 30 million albums worldwide.
- Earned $100-$150 million off Vitamin Water sale.
- Filed for bankruptcy in June 2015.
- In October 2018 signed a deal with STARZ that could be worth $150 million over time.
