What is 50 Cent’s net worth in 2021? 50 Cent personal life, controversy.
Although 50 Cent has seen many lows, which included his bankruptcy in 2015, 50 Cent net worth has only gotten higher since then. A report suggested by Forbes stated that 50 Cent made around $300 million in two years. He is good with pointing out the profit situations. So, here in this article, we will give you glimpse of 50 Cent net worth 2021, lifestyle, career, personal life and more.
He even claimed once that he has got shot 9 times. That’s a lot dude.
50 Cent Early Life
Curtis Jackson or 50 Cent was born in Queens, New York, 1975 6th July. He lived with his single mother though his childhood, who was a drug dealer, with her passing away, he moved to live with his grandparents.
He started peddling drugs at the tender age of 12. He would spend hours with slinging narcotics on the streets while his grandparents thought he was in after school programs. Because of that 50 Cent has gotten arrested multiple times, first of which was because of his bringing drugs and gun into the school premises. The school he used to study had metal detectors which caught him out.
Then he got arrested for selling drugs to undercover police office, cocaine and with possession of illegal substances and firearm in his home. During that time 50 Cent started rapping in his basement and caught the eye of Jam Master Jay, which helped him learned how to write songs, structure bars and create choruses etc.
Onyx gave the first ever feature to 50 Cent in his album ‘Shut ‘em Down’.
50 Cents was signed to Columbia Records in 1999 and same year he released his first album ‘Power of the Dollar’. A single named ‘How to Rob’, caught the eye of many A-listers Jay-Z, DMX and other artists too.
With multiple arrest, life threating injuries, almost being killed, and after recovering he finally had the sense of purpose in life, as to why he’s alive.
Then in the early 2000’s Eminem discovered 50 Cent and since then they have done a lot of songs together and a great deal of money as an entrepreneur.
He produced Power, the most dominant franchises on TV. It debuted in 2014 which starred Omari Hardwick as James “Ghost” St. Patrick, one of the biggest drug dealers in New York. Which has gone soars which made him a lot of profit.
What is 50 Cent net worth?
50 Cent net worth 2021 is reported around $30 million.
How Does 50 Cent Spend His Money?
50 Cent is known was his rapping skills and one of the best in the industry to do it. However, with so much success there comes some woes in sense of finance. Like who can control that much money, right?
He reported $184,969 as his monthly income, most of which comes in from G-Unit branded deals in films, music and television. 50 Cents have many homes of which his main home was previously owned by boxer Mike Tyson.
The home has 21 bedrooms with eight-car garage, movie theatre, which its valuation at around $.25 million. He also has other spaces, with investment in Atlanta and Long Island and New Jersey property investments.
He spends $70,000 alone on his maintenance of his three homes and one of the first business ventures was partnership with Glacéau to create an enhanced water drink called Formula 50.
In 2004, 50 Cent became the spokesperson of the beverage company and was paid with minority share in the company and became the beverage investor.
Major Awards that 50 Cent’s has won over the years –
Awards 50 Cent Won:
Black Entertainment Television Awards – Best New Artist (2003)
American Music Awards – Favourite Rap/Hip-Hop Male Artist (2003)
British Phonographic Industry Awards – International Breakthrough Artist (2004)
World Music Awards – World’s Best Selling Pop Male Artist (2003, 2005)
Billboard Music Awards – Top Hot 100 Artist (2005)
BET Hip-Hop Awards – Hustler of the Year (2007)
Grammy Awards – Best Rap Performance by a Duo or Group (Crack a Bottle, 2010)
In 2015 July, 50 Cent filed for Chapter 11 personal bankruptcy protection in the Hartford Connecticut because he is a resident of Connecticut.
At that, 50 Cent was living in the Mike Tyson house which was located at 50 Poplar Hill, Farmington. In the bankruptcy file, his assets valued at the range of $10 million to $50 million at that time, with debts of equal amount.
It was reported that he filed the bankruptcy days after he was ordered to pay Rick Ross’s ex-girlfriend, Lavonia Leviston in around $5 million settlement after a sex-tape was leaked in which she was featured. It was combined for $2.5 million for using her image without permission and another $2.5 million for emotional distress. The court also ordered to check his actual income sources to ensure further punitive damages.
50 Cent Made Over $100 million With His Vitamin Water Deal
In addition to his illustrious career, 50 Cent has made some great business deals too. With great business investments, his best deal was when he made with Vitamin Water to serve their spokesman which eventually gave the drink his name “Formula 50” in exchange of minority stake in the company. The move made him big time money, as in 2007, the company was later bought by Coca-Cola for a total of $4.1 billion. It was stated that 50 Cent made around $100 million from the deal, more than he would have thought from rapping.
What Is 50 Cent Net Worth In 2021?
Although 50 Cent was in deep trouble with the legal manoeuvrings but out of $23 million, $13.6 million came from a legal malpractice lawsuit.
Today in 2021, the 45-year-old rapper 50 Cent Net Worth is $30 million. While before the lawsuit against him, he peaked his net worth to $100 million, it’s still impressive that after bankruptcy he had such net worth.
Thanks to all those business deals and investment which has saved him from going bankruptcy again. In 2017, he sold the minority stakes he had on the Effen Vodka spirit company, which made him a cool $60 million.
Net worth is calculated after deducting all the debts from assets like homes, cars, so, while 50 Cent may not have much as net worth, he still well above his bankruptcy days.
Effen Vodka Deal
In 2017 July, although not a confirmed report, it was reported that 50 Cent had sold the stake of the spirit company Effen Vodka. Although 50 Cent confirmed the selling of the stake, he did announce it on Instagram but it isn’t confirmed he made $60 million of it. DJ Envy reported the number but with no proof. It should be really interesting to know the amount which 50 Cent had received.
In 2018 October, 50 Cent signed a 4-year contract with Starz, to sponsor his drama show “Power”. The deal included $150 million and a three-series commitment.
50 Cent has a son with his former girlfriend Shaniqua Tompkins. His son Marquise Jackson was born in 1996 October. His girlfriend sued him for $50 million but the suit never got ahead and got dismissed. The two have been fighting over social media for long.
50 Cent supported many Presidents along the roots with first being President George W. Bush. Then he went to support Barack Obama in 2008 and them Hillary Clinton in 2016. Despite what his lyrics suggest, Jackson does not partake in drugs or alcohol now.
50 Cent Controversy
In 2016, 50 Cent was going through the Cincinnati International Airport, where he confronted a janitor and harassed at the airport and when he accused the janitor of being under influence, it turned out to be totally opposite, the teenager was autistic and had hearing impaired problems. The video went viral and parents of the teenager sued 50 Cent. With a donation of $100,00 to Autism Speaks and an apology the case was settled.
So, this is 50 Cent Net Worth, what do you think? You think 50 Cent deserves more?