How much is 50 Cent worth?
|Net Worth:||$30 Million|
|Date of Birth:||July 6, 1975|
|Country:||United States of America|
About 50 Cent
50 Cent is an American rapper, producer, entrepreneur, and actor. He is a prominent figure in the music industry and the world, having sold over 30 million albums worldwide. However, he wasn’t born into wealth and fame. 50 Cent, whose real name is Curtis James Jackson III, was raised by his grandmother in Queens, New York. He had a rocky early life that was filled with drug dealing and boot camp. This is how Curtis James Jackson III, who you know as 50 Cent, became the rich and powerful figure he is today.
As of 2020, 50 Cent has an estimated net worth of $30 million dollars.
What makes 50 so successful?
50 Cent’s fame and wealth and success can be attributed to many things. His rapping style and talent, which caught the eye of infamous and massively influential artist Eminem, made him successful in the music industry. As his music career continued, he was able to earn his fortune through several chart-topping singles. And, though he hasn’t released any music recently, and lost over $100 million due to legal problems including a “Sex tape” as well as some poor business investments. Overall thanks to his great entrepreneurial skills he has managed to keep his head above water, and stage a compelling come back.
How did 50 Cent get so rich?
Thanks to his music career, including rapping and producing, as well as his entrepreneurship, 50 Cent has a net worth of $30 million dollars. This wealth isn’t exclusively from his rapping career, as he has pursued many business ventures that have added greatly to his riches.
50 Cent’s business career has been nothing short of hugely successful. His financial investments stretch across many different industries, a few of which are talent management, film and TV production, clothing, and book publishing, though there are plenty more.
50 Cent established his own record label in 2003, after he achieved mainstream success, called G-Unit Records. He also developed his own clothing brand, called G-Unit Clothing Company. His clothing brand alone has generated $100 million dollars in retail sales since its founding.
Aside from these, 50 Cent has many, many other business ventures. Though he had a hugely successful music career, his career in business and entrepreneurship has been successful enough to rival it. Both his musical and business pursuits have granted him a large fortune, and he can credit his impressive riches to his musical skill and entrepreneurial abilities.
Unfortunately for 50 he had to file for bankruptcy protection in 2015 after a slew of law suits and unpaid debts caught up with him. We estimate 50 Cent is worth $30 million dollars in 2020. In the beginning of 2015 his net worth was as high as $155 million according to Forbes magazine.
Why is 50 so famous?
50 Cent began engaging in criminal activity at a young age, selling narcotics when he was just twelve years old. He even brought guns and drug money to school, which led to his eventual arrest. 50 Cent was providing for himself by any means, and keeping it a secret from his grandmother. He kept this secret until he was busted by metal detectors in the tenth grade and arrested. After this he was open with his grandmother about what he was doing.
He was arrested twice more for drug dealing and possession, the next two arrests within a mere three weeks of each other. Though he was sentenced to three to nine years in prison, 50 Cent only served six months in a boot camp and earned his GED.
50 Cent’s troubles didn’t end here, and he still had a long way to go before he reached international stardom. He began rapping in a friend’s basement, using turntables to record over instrumentals. He began working with a musician named Jam Master Jay to learn everything he needed to know about properly producing records. Jam Master Jay even produced 50 Cent’s first album, though it was never released.
His popularity began to grow after he released an underground single titled “How to Rob.” It was very controversial, though it was comedic, as the single describes how he would rob famous artists. 50 Cent explained that this track was his way of setting himself apart from the many other artists on his label.
50 Cent was finally discovered in 2002 by the legendary self-proclaimed rap god Eminem. Eminem heard 50 Cent’s CD, Guess Who’s Back? and was impressed. 50 Cent traveled to Los Angeles to meet Eminem and producer Dr. Dre and signed a one million dollar record deal.
50 Cent made his rise to fame after he released his debut album, called Get Rich or Die Tryin’, in February of 2003. Rolling Stone gave it a complimentary review, and it debuted at number one on the Billboard 200, selling nearly a million copies in the first four days. The album’s lead single, “In da Club,” set a Billboard record, becoming the most listened to song within a week in radio history. 50 Cent was given his own record label, named G-Unit Records, that same year, and released his second album in 2005.
Despite his difficult early life of drug dealing and run-ins with undercover cops, 50 Cent went on to start his explosive music career. The rapper was even shot and hospitalized, but survived and continued to become one of the most well known rappers in the world. His style of rap and voice, which Rolling Stone describes as a “deceptively amateur-sounding tenor croon that he deploys on almost every chorus” is to thank for his enormous success in the rap industry. Thanks to his talents in rapping and producing, 50 Cent has risen to be one of the most famous rappers of all time.
By rapping and producing music and making financial investments, 50 Cent has risen to global fame and a large fortune. He is one of the most well known rappers in the world, and a hugely influential celebrity. Thanks to his rapping skill and affinity for music production, as well as his smart financial investments and business involvement in many different areas, he has become globally renowned and hugely rich. Though he hasn’t released any recent music, and suffered some financial losses and lawsuits, he will most likely continue on with his career in entrepreneurship, and continue building back his fame and wealth.