50 Cent Net Worth (Money & Salary)

What is 50 Cent’s net worth?

50 Cent, an American rapper, producer, actor, and entrepreneur, boasts a net worth of $40 million. He gained fame in the early 2000s with his debut album “Get Rich or Die Tryin’,” which achieved multiple platinum certifications and produced hits such as “In Da Club.” His follow-up albums, like “The Massacre,” also enjoyed notable success. Renowned for his unique style that combines aggressive lyrics with infectious hooks, 50 Cent has sold millions of albums globally. Beyond his musical influence, he has made considerable advancements in business, particularly with his investment in Vitamin Water, which yielded hefty profits when Coca-Cola acquired the company. Additionally, 50 Cent has navigated a successful career in film and television, acting and producing notable works. His semi-autobiographical series “Power” has seen immense success, leading to several spin-offs.

Throughout his career, 50 Cent has generated between $200 million and $300 million from various pursuits, including record sales, tours, and brand collaborations. Unfortunately, his extravagant spending habits concerning real estate, vehicles, and legal issues prompted him to declare Chapter 11 bankruptcy in July 2015. More details regarding this filing will follow later in the article. At the height of his wealth before the bankruptcy declaration, 50 Cent’s net worth surpassed $100 million.

Early Life

On July 6, 1975, Curtis James Jackson III, known as 50 Cent, was born in Queens, New York City. Raised by his mother Sabrina, who was involved in drug dealing, he experienced tragedy when she passed away when he was just eight years old. Subsequently, his grandmother took on the role of guardian. At the age of 12, he started dealing narcotics after school and encountered legal troubles in 10th grade when metal detectors at school led to his arrest for attempting to bring guns and drug money. In 1994, he faced arrest for selling cocaine to an undercover officer, and further legal issues arose when heroin, crack cocaine, and a firearm were discovered during a police search of his residence. He ultimately served six months in a boot camp and obtained his GED.

Early Career and Shooting

50 Cent gained traction with his underground rap hit, “How To Rob.” In May 2000, he was poised to release “Thug Love,” featuring Destiny’s Child, but suffered a life-threatening shooting incident outside his grandmother’s home in Queens. The alleged assailant, Darryl Baum, who served as Mike Tyson’s bodyguard, fired nine shots, hitting 50 Cent in multiple locations, including his hand, arm, hip, legs, chest, and cheek. The assailant was killed three weeks later. Following a 13-day hospitalization, during which he secured a publishing agreement with Columbia Records, he was dropped from the label after attempting to release “Ghetto Qu’ran.” Facing a systemic blacklist in the U.S. music industry, he turned to Canada for song recording and mixtapes, leading to the 2002 release of “Guess Who’s Back?”

Rise to Fame

In 2002, Eminem discovered Jackson. Impressed by “Guess Who’s Back?” Eminem invited him to Los Angeles.meeting Dr. Dre. Signing a record deal worth $1 million, 50 Cent released “No Mercy, No Fear.” A song by 50 Cent was included in the soundtrack of Eminem’s film “8 Mile.” By 2003, 50 Cent’s debut album “Get Rich or Die Trying” propelled him to enormous fame. It launched at No. 1 on the Billboard charts, selling nearly a million copies within its first four days. Within a week, the lead single, “In Da Club,” broke records as the most-listened-to song in radio history. Shortly thereafter, Interscope awarded 50 Cent his own record label, G-Unit Records. His subsequent album, “The Massacre,” was released in March 2005 and also achieved remarkable success, selling 1.14 million copies in its first four days and reigning at the top of the Billboard charts for six consecutive weeks. In 2007, he offered his third album, “Curtis,” which debuted at No. 2 on the Billboard 200. The fourth album, “Before I Self Destruct,” was launched in November 2009. Due to conflicts with his record label, the release of his fifth album, “Street King Immortal,” was postponed until November 2012. So far, his studio albums have accumulated sales exceeding 21 million units.

Other pursuits

During his relatively brief tenure in the limelight, 50 Cent established G-Unit Records, introduced the G-Unit clothing line, and even appeared in multiple films alongside icons such as Al Pacino and Robert De Niro. In 2012, he created a boxing promotion company named The Money Team.

Bankruptcy Filing

On July 13, 2015, the Wall Street Journal disclosed that 50 Cent had sought Chapter 11 personal bankruptcy protection. The filing occurred in the US bankruptcy court in Hartford, Connecticut because he was a Connecticut resident at that time.

At the filing date, 50 Cent resided in Mike Tyson’s former mansion located at 50 Poplar Hill Dr, Farmington, CT 06032. His reported assets were estimated to be between $10 million and $50 million, with claimed debts matching these amounts.

The filing took place shortly after a jury mandated 50 Cent to compensate Rick Ross’ ex-girlfriend, Lavonia Leviston, with a $5 million judgment for the deliberate release of a sex tape that featured her. This judgment comprised $2.5 million for unauthorized use of her image and another $2.5 million for emotional distress. The judge additionally instructed Mr. Jackson to offer evidence of his income and worth for the jury to assess potential further punitive damages.

The $5 million judgment occurred approximately a year after a different judge instructed 50 Cent to pay $17.5 million in damages connected to a trademark infringement case involving a former associate in a headphone business. When totaled, he was facing $22.5 million in possible legal judgments prior to considering punitive damages in the sex tape matter.

The bankruptcy filing served at least three strategic purposes:

• #1) To hinder the judgment creditor (Lavonia Leviston) from interrupting his business operations and placing liens on his properties.
• #2) To compel the creditor to negotiate and potentially reduce the $5 million judgment.
• #3) To preventbarred from receiving additional punitive damages by the jury in the sex tape case involving Ms. Leviston.

He later provided clarification:

“Successful individuals often attract attention. I would rather not be a target. I don’t wish for anyone to single me out for outrageous claims and endure all that turmoil. I’m taking the necessary precautions that a sensible business person would consider in this scenario.“

His attorney added:

“This filing allows Mr. Jackson to maintain his involvement in various business pursuits and continue his career as an entertainer while he seeks a structured reorganization of his financial situation.”

Vitamin Water Deal

A significant financial achievement for 50 Cent arose when he secured a minority interest in Vitamin Water, agreeing to endorse the product and promote the “Formula 50” drink.

In 2007, Coca-Cola acquired Glacéau, the producer of Vitamin Water, for $4.1 billion. Reports suggest that 50 Cent earned around ten times more from the Vitamin Water transaction than his entire music career had previously netted him.

Initially, it was reported that 50 held a 10% share in Vitamin Water, translating to a pre-tax payoff of $410 million. However, investment bankers familiar with the situation later suggested that his actual stake was probably about 2.5%. If that were accurate, it would imply he made 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

It was reported in July 2017 that, although unconfirmed, 50 Cent had sold his minority stake in Effen Vodka for $60 million. He took to Instagram to acknowledge the deal’s occurrence, yet he did not verify the $60 million figure, which DJ Envy mentioned on The Breakfast Club radio show without offering a source or confirmation. While it’s plausible that the number originated from 50, which could indicate its legitimacy, it might also be an embellishment. We are still awaiting more definitive confirmation, which is why this amount is not presently included in 50’s net worth detailed above.

Starz Deal

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

Personal Life

50 Cent is the father of a son, Marquise Jackson, with his former partner Shaniqua Tompkins.Born in October 1996, Tompkins later filed a lawsuit against Jackson seeking $50 million, which ultimately was dismissed. Numerous feuds between the two have arisen on social media platforms.

In 2005, 50 Cent backed President George W. Bush after fellow rapper Kanye West criticized him for the delayed response to Hurricane Katrina. Later, in 2008 and 2016, Jackson expressed his support for Barack Obama and Hillary Clinton, respectively. Despite the themes present in many of his songs, Jackson abstains from drugs and alcohol.

In May 2016, while passing through Cincinnati International Airport, Jackson confronted a janitor, hurling insults when he suspected the janitor of being under the influence. It was later revealed that the janitor was an autistic and hearing-impaired teenager. The incident gained widespread attention on social media, prompting the teenager’s parents to consider legal action against 50 Cent. They ultimately settled with a donation of $100,000 from 50 Cent to Autism Speaks along with an apology.

Connecticut Mansion

In 2003, 50 Cent purchased a 17-acre estate in Connecticut featuring a massive 50,000-square-foot home that includes 21 bedrooms, 37 bathrooms, a gym, a casino, and a nightclub. This property was previously owned by Mike Tyson. At the time of the sale, Tyson was undergoing a divorce and had declared bankruptcy. He was required to transfer the mansion to his ex-wife, Monica Turner, who subsequently sold it to 50 Cent for $4.1 million. Turner then invested an additional $6 million into various upgrades, including a private movie theater, infinity pool, and a helicopter pad.

During his bankruptcy proceedings in 2015, it was revealed by 50’s lawyers that the maintenance and financing of the house typically costs around $72,000 per month, with utility costs alone amounting to $18,000.

His first attempt to sell the mansion came in 2007 for $18.5 million, which was unsuccessful. Since then, he has continued to try to sell the property without any success. In September 2018, he reduced the asking price to $4.995 million, but again found no buyers. Ultimately, in April 2019, he sold the home for $2.9 million—a staggering 84% less than his initial asking price, resulting in a $1.2 million loss compared to the price he originally paid.