Net Worth | $50 million |
---|---|
Source Of Wealth | Rapper |
Born | 6th July 1975 |
Birth Name | Curtis James Jackson III |
Height | 6ft (183cm) |
How the phenomenon of 50 Cent rose to prominence is a rags to riches story that continues to this day when you consider his net worth and lasting influence. His fame came from his music, but the real lessons come from the impact he's had as a successful business man.
Let's take a look at 50 Cents net worth, career, background, and other information that music and business fans will appreciate.
What Is 50 Cents Net Worth?
50 Cent currently has a net worth of roughly $50 million. He's had his hands in a little bit of everything since he went on a tear on the mixtape scene, got signed to Interscope Records with the co-sign of Eminem and Dr. Dre, and became one of the most known, biggest selling artists in modern history.
When taking a look at his net worth, you have to look at a few key areas:
Royalties From Album Sales
When breaking down 50 Cent salary, it's clear that his first major financial success (from legal money) came in the form of album sales. It was hard not to see his smile everywhere after new of the signing to Eminem's Shady/Aftermath imprint broke and the song "Wanksta" lit up the airwaves in November of 2002.
Once 50 Cent released the single "In Da Club" in January of 2003, it quickly was played everywhere, and would go on to become the highest charting song of the decade, with a music video that now has more than 1.5 billion views on YouTube.
Without question, 50 Cent's resume with album sales is one of the greatest in history.
His debut album, Get Rich or Die Tryin' came out in February of 2003 to much fanfare, and the buzz would keep growing as he dropped hit single after hit single. In addition to "In Da Club", the album featured the noteworthy singles "21 Questions", "Many Men (Wish Death)", "P.I.M.P.", and "If I Can't".
The album quickly went multiplatinum, and to date has enjoyed the following success:
- 9x Platinum in the United States (9 million records sold)
- 2x Platinum in Europe (2 million records sold)
- "In Da Club" single 2x Platinum in Europe (2 million records sold)
- "In Da Club" single Gold in the United States (500,000 records sold)
- "21 Questions" single Gold in the United States (500,000 records sold)
- "Many Men (Wish Death) single Gold in the United States (500,000 records sold)
- "P.I.M.P." single Gold in the United States (500,000 records sold)
The sophomore slump was non-existent with 50 Cent's followup album, "The Massacre".
He obliterated his previous successes by infamously selling 1.1 million records within the first week of the release of "The Massacre" in March of 2005. Today, "The Massacre" is 6x Platinum in the United States and Platinum in Europe, including 9 million records sold worldwide.
His next two major studio releases with Shady/Aftermath with Platinum and Gold respectively.
Since these releases also came out under his G-Unit Records imprint, it's easy to see how 50 Cent has earned a pretty penny from royalties. He also released other artists under his banner, including his group G-Unit, and solo albums from members Young Buck, Tony Yayo, and Lloyd Banks, in addition to other artists.
The Vitamin Water Deal
It was the Vitamin Water deal that really took 50 Cent's net worth to the next level. He owned shares of the fledgling flavored water company early, so when Coca Cola acquired its parent company for $4 billion, 50 Cent came away with $100 million for his troubles.
Once the news broke about this deal, 50 Cent transitioned from being known as strictly a music artist and entertainer to a savvy business man. He would later brag about the deal on his records, including the single "I Get Money".
It's been regarded as one of the savviest business moves from a music artist and has inspired others to take their wealth and net worth more seriously, rather than simply being satisfied with selling records and touring.
Endorsements and Products
Curtis Jackson has also made waves with endorsements and putting out products of his own. During his run as one of the hottest music artists of the 2000's, 50 Cent capitalized by releasing merchandise, including his G-Unit clothing line.
You'd be hard pressed to walk around any population throughout the 2000's without seeing someone wearing G-Unit apparel, including the infamous G-Unit tank tops and spinning chains.
WWE Hall of Fame wrestler John Cena broke through with a rapper gimmick in the early 2000's. Once he became WWE champion, Cena replaced the official championship belt with one featuring a spinning WWE logo, clearly inspired by the G-Unit spinning chain pendants.
It was so successful that the company used it as the official belt for more than the next decade.
50 Cent also came out with energy drinks, headphones, and a host of other products.
Books and TV
Records and music videos aside, one of 50 Cent's biggest artists contributions came in 2009 with the release of his book "The 50th Law".
The book was written by author Robert Greene, in collaboration with 50 Cent. Greene is a best selling author thanks to his many books on human nature and philosophy, including:
- The 48 Laws of Power
- The Art of Seduction
- The 33 Strategies of War
- Mastery
- The Laws of Human Nature
The 50th Law is in the same vein of these books. It takes a look at Jackson's life and rough upbringing in Jamaica, Queens, New York, the lessons he learned selling narcotics and dealing with enemies in the streets, and taking these rough lessons into the record industry and business.
It's a book that is widely acclaimed because of the universal knowledge it applies. These lessons are easily relatable to anyone with ambition, regardless of whether they come from those environments or consider themselves 50 Cent fans, or even hip hop fans.
Once his music career cooled down, 50 Cent again took the world by storm by Executive Producing the hit TV show "Power" in 2014. The show put the Starz network on the map as far as mainstream TV success goes.
Networks like HBO and Showtime had already had critically acclaimed shows that cut through the mainstream, AMC made noise with "Breaking Bad", and Netflix was beginning to take over.
Like other areas of his career, the release of "Power" was an example of a small fish taking over a big pond in the most unlikely ways. The show lasted for six seasons and became must-see TV that people talked about all over the internet and around the water cooler.
It has since spawned several spinoffs and its own universe. As a result, 50 Cent signed an overall deal with Starz to produce the spinoffs, in addition to other shows under his G-Unit TV imprint.
An Investment Portfolio
It's clear that 50 Cent has an investor's mind in every sense. He invests in things that he has an interest in and that fits his demographic.
Jackson got into the liquor business with Effen Vodka, has made several sound real estate investments, became a boxing and mixed martial arts (MMA) promoter, and got into the fragrance business.
He has amassed a strong portfolio of investments that has allowed him to grow the net worth that he has today. At the time of his debut album success, 50 Cent bought Mike Tyson's old mansion. He later sold it because the upkeep wasn't worth the return on investment (ROI).
Ironically, the man who allegedly shot 50 Cent nine times was a friend of Tyson's. He was killed three weeks after allegedly shooting Jackson in an unrelated event.
Humble Beginnings in Jamaica, Queens
Before any success in music or business, 50 Cent was a kid from Jamaica, Queens. His mother, Sabrina, was a drug dealer that had him at the age of 15.
When he was 8 years old, Jackson's mother was viciously murdered. Her drink was spiked, and an enemy turned the gas on in her apartment and set it on fire while she was passed out.
As a result, 50 Cent was raised by his grandparents. Once he became a pre-teen, he spent a lot of his time in boxing gyms and selling crack cocaine. He got caught bringing firearms and drugs to school in high school, and was eventually arrested at 19 for selling narcotics.
For 50 Cent family was everything, despite his rough upbringing. It was his grandmother who was his saving grace, and he had to come clean about the street life he was living after the high school incident.
Run DMC legend Jam Master Jay originally helped 50 Cent get signed and taught him how to make music. On the cusp of shooting his first music video, 50 Cent was shot nine times while parked in front of his grandmother's house.
He spent 2 weeks in the hospital before recovering in the Poconos. The rehab work that he put in led to his muscular physique, and getting shot in the cheek changed his speech patterns, which led to the infamous drawl that listeners hear on his signature sound.
Entrepreneurship of a Different Kind
You have to understand 50 Cent early life to know how he built his relentless drive and ambition.
50 Cent has always known how to create a job where there wasn't one before – even if it's not exactly legal. Before getting shot nine times, he ran a number of crack houses in Queens, as he detailed in Robert Greene's book.
He had people working under him, and learned a lot about getting the most from his products, dealing with draughts, and beating out his competitors. Many of these lessons taught him the bones of business that would become a staple in hist life and career.
It was his mixtape buzz that caught the attention of Eminem, who brought it to Dr. Dre. By the time the mixtape buzz had reached a peak, labels were trying to sign him as the next hottest thing.
The Shady Aftermath deal including a $1 million signing bonus, along with the creation of his own record label, G-Unit Records.
50 Cent Relationship History
Most of 50 Cent's relationships have involved women who weren't celebrities, though he is tied to a couple of celebrities. Around the time of his debut album he was linked to actress Vivica Fox.
While nothing came of the relationship long-term, it has been mentioned on songs from other rappers. He also was involved in a long-term relationship with comedian and TV host Chelsea Handler. He has children by his ex-girlfriend, Shaniqua Tompkins, and actress Daphne Joy.
A Star-Studded Life and Career
This article shows you the ins and outs of the illustrious life and career of Curtis Jackson. Now that you know more about 50 Cents net worth and other important information, perhaps you'll want to consider checking out his catalog, or some interviews that can help you glean some insights.
Our net worths are for entertainment purposes only. We do our best to provide accurate figures, but we cannot guarantee their accuracy. The figures are based on public information and estimates, and may not reflect the true value of assets or liabilities.