50 Cent Net Worth (Money & Salary)

What is 50 Cent’s net worth?

An American rapper, actor, producer, and entrepreneur, 50 Cent has achieved a net worth of $40 million. He rose to fame in the early 2000s with his debut album “Get Rich or Die Tryin’,” which earned multiple platinum certifications and included hits like “In Da Club.” Considerable success also followed with his later albums, including “The Massacre.” Recognized for his unique style, which merges aggressive lyrics with catchy hooks, 50 Cent has sold millions of albums globally. His influence is not limited to music; significant business achievements include investing in Vitamin Water, resulting in a sizable payout when the brand was acquired by Coca-Cola. Furthermore, 50 Cent has successfully transitioned into film and television, both as a producer and actor, with his semi-autobiographical series “Power” achieving notable success and spawning various spin-offs.

Throughout his career, 50 Cent’s earnings have totaled at least $200-300 million from an array of ventures like record sales, tours, and brand partnerships. However, extravagant spending on real estate, cars, and legal issues led him to file for Chapter 11 bankruptcy in July 2015, a topic we will delve into later in this article. At his peak, prior to bankruptcy, 50 Cent’s wealth exceeded $100 million.

Early Life

Born Curtis James Jackson III on July 6, 1975, in Queens, New York City, 50 Cent was raised in the South Jamaica neighborhood by his mother Sabrina, a drug dealer who passed away when he was just eight years old. Following her death, Jackson was raised by his grandmother. At 12, he began selling narcotics after school. His troubles began when he was arrested in the 10th grade, caught by metal detectors at school with guns and drug money. In 1994, he was arrested again for selling cocaine to an undercover officer, and later, a police search of his home revealed heroin, crack cocaine, and a firearm. Jackson spent six months in a boot camp and obtained his GED.

Early Career and Shooting

Jackson gained traction with the release of the controversial underground rap single “How To Rob.” In May 2000, just as he was set to release “Thug Love,” a collaboration with Destiny’s Child, tragedy struck when he was shot outside his grandmother’s home in Queens. The assailant, believed to be Darryl Baum (Mike Tyson’s bodyguard), fired nine shots, injuring 50 Cent in the hand, arm, hip, both legs, chest, and left cheek. Three weeks later, the attacker was killed. After spending 13 days in the hospital, Jackson secured a publishing deal with Columbia Records, but was dropped after attempting to publish “Ghetto Qu’ran.” The U.S. recording industry also blacklisted him, prompting Jackson to travel to Canada to record mixtapes to enhance his popularity. In 2002, he released the mixtape “Guess Who’s Back?”.

Rise to Fame

In 2002, Eminem discovered Jackson. Impressed by the mixtape “Guess Who’s Back?”, Eminem invited Jackson to Los Angelesencumbrances on his business activities and hinder the ability of the creditor (Lavonia Leviston) to impose liens on his properties.

In addition, filing for bankruptcy could also aid in initiating negotiations with the creditor to potentially reduce the $5 million judgment. Furthermore, it would serve to safeguard his financial operations from significant disruptions that could arise due to the judgment creditor’s actions.

The bankruptcy protection granted him some time to reorganize and address outstanding debts methodically without the immediate pressure of enforcement actions from creditors.

Legacy

Despite the challenges faced during his career, 50 Cent’s influence on the music industry remains immense. His rise from the streets of South Jamaica, Queens, to a global superstar is a testament to his resilience and talent. Throughout his career, he has not only expanded his empire in music but has also ventured into various industries, including fashion and film, leaving a lasting footprint in entertainment.

Through strategic business moves and collaborations, 50 Cent has redefined what it means to be a multifaceted artist, setting a benchmark for future generations in hip-hop and beyond.

the jury in the sex tape case from awarding Ms. Leviston additional punitive damages.

He would later elaborated:

“Becoming successful often makes you a target. I don’t want to be a bullseye. I wish to avoid being the person whom others approach with outrageous claims and navigating through all of that. I’m implementing precautions that any prudent business individual would consider in this scenario.“

Following this, his lawyer stated:

“This filing allows Mr. Jackson to maintain his involvement in various business endeavors as well as continue his entertainment career while he manages a structured reorganization of his financial matters.”

Vitamin Water Deal

50 Cent’s most astute financial move occurred when he negotiated to acquire a minority share in Vitamin Water, serving as their celebrity spokesperson and endorsing the “Formula 50” beverage.

In 2007, Coca-Cola acquired Glacéau, the company that produced Vitamin Water, for $4.1 billion. It is widely believed that 50 Cent profited approximately ten times more from the Vitamin Water sale than he had earned from his music career up until that moment.

Initially reported to possess a 10% equity stake, 50’s share could have resulted in a pre-tax windfall of $410 million. However, investment bankers familiar with the transaction later suggested that 50’s actual stake was likely closer to 2.5%. If true, a 2.5% share would mean 50 Cent received between $100 million and $150 million from the sale (before taxes).

Earnings By Year

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

Total: $261 million

Effen Vodka Deal

In July 2017, unconfirmed reports surfaced suggesting that 50 Cent sold his minority stake in Effen Vodka for $60 million. 50 Cent confirmed the occurrence of the deal on Instagram but did not verify the $60 million figure, which originated from DJ Envy on The Breakfast Club radio show. While Envy reported the number, he did not provide any source or confirmation. It’s possible that the figure came from 50, which would be intriguing to establish its authenticity, although it could also be an embellishment. We are currently awaiting more official sources to verify this amount, so it has not yet been included in 50’s reported net worth above.

Starz Deal

In October 2018, 50 Cent entered into a four-year overall agreement with Starz, the network that airs his drama series “Power.” This contract, which includes a commitment for three series, could ultimately amount to $150 million if all conditions are fulfilled.

Personal Life

50 Cent has a son named Marquise Jackson with his former girlfriend Shaniqua Tompkins.

Born in October 1996, Tompkins later filed a lawsuit against Jackson for $50 million, which was subsequently dismissed. The two have engaged in numerous social media feuds.

In 2005, 50 supported President George W. Bush after Kanye West criticized the president’s slow response to the Hurricane Katrina disaster. Jackson later endorsed Barack Obama in 2008 and Hillary Clinton in 2016. Despite the themes present in many of his songs, Jackson abstains from using drugs or alcohol.

In May 2016, Jackson confronted a janitor at Cincinnati International Airport, insulting him after accusing him of being under the influence. The janitor turned out to be a teenager with autism and hearing impairment. The incident went viral, prompting the teenager’s parents to consider suing 50 Cent. They reached a settlement, which included a $100,000 donation from 50 Cent to Autism Speaks and an apology.

Connecticut Mansion

In 2003, 50 Cent acquired a 17-acre property in Connecticut, featuring a 50,000-square-foot home that includes 37 bathrooms, 21 bedrooms, a gym, a casino, and a nightclub. This estate was previously owned by Mike Tyson. At the time 50 Cent purchased the property, Mike was not only navigating a divorce but was also in bankruptcy. Tyson was mandated to transfer the mansion to his ex-wife, Monica Turner. Turner sold the estate to 50 Cent for $4.1 million and then invested an additional $6 million in various renovations, including a private movie theater, an infinity pool, and a helicopter pad.

During his bankruptcy proceedings in 2015, it was revealed by 50’s lawyers that the monthly maintenance and financing costs for the house averaged around $72,000, with utility expenses alone reaching $18,000.

50 first tried to sell the property in 2007 for $18.5 million but was unsuccessful. He continued to list the house without success over the years. In September 2018, he reduced the asking price to $4.995 million, yet still received no offers. Eventually, in April 2019, he sold the home for $2.9 million, reflecting an 84% reduction from his original asking price and a $1.2 million loss compared to his purchase price.