50 Cent Net Worth (Money & Salary)

What is 50 Cent’s net worth?

The net worth of 50 Cent, an American rapper, producer, actor, and entrepreneur, is estimated at $40 million. He gained fame in the early 2000s with his debut album “Get Rich or Die Tryin’”, which achieved international success, going multi-platinum and producing hits like “In Da Club.” His follow-up albums, including “The Massacre,” also performed well commercially. Recognized for his unique style, which combines aggressive lyrics with memorable hooks, 50 Cent has sold millions of albums across the globe. His influence, however, goes beyond the realm of music. Significant business opportunities, such as his investment in Vitamin Water, resulted in a considerable payout after the company was acquired by Coca-Cola. Additionally, 50 Cent successfully ventured into film and television, both as an actor and a producer, with his semi-autobiographical series “Power” becoming a major success, leading to several spin-offs.

Throughout his career, 50 Cent has amassed earnings of at least $200-300 million from various income streams, including record sales, concert tours, and brand partnerships. Unfortunately, extravagant lifestyle choices—including spending on real estate, automobiles, and legal disputes—led him to file for Chapter 11 bankruptcy in July 2015. More details on that bankruptcy filing will follow later in this article. Before his bankruptcy, 50 Cent’s wealth had peaked at over $100 million.

Early Life

Born Curtis James Jackson III on July 6, 1975, in Queens, New York City, 50 Cent was brought up in the South Jamaica neighborhood by his mother, Sabrina, who was involved in drug dealing. Sadly, she passed away when he was only eight years old, and thereafter, he was raised by his grandmother. At the age of 12, he began selling drugs after school. In 10th grade, he faced arrest when metal detectors caught him trying to bring weapons and drug money into his school. In 1994, he was arrested for selling cocaine to an undercover cop, and another arrest followed when police found heroin, crack cocaine, and a firearm during a home search. Jackson ultimately served 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 about to launch “Thug Love,” a collaboration with Destiny’s Child, he was shot and hospitalized. The attack happened outside his grandmother’s house in Queens, where assailant Darryl Baum (alleged to be Mike Tyson’s bodyguard) fired nine shots at him, hitting 50 Cent in various parts of his body including his hand, arm, hip, both legs, chest, and left cheek. Three weeks post-attack, the shooter was killed. Following a 13-day hospital stay, while recovering, Jackson secured a publishing deal with Columbia Records but was dropped when he tried to release the song “Ghetto Qu’ran.” Subsequently, he faced a ban from the U.S. recording industry, prompting him to travel to Canada, where he recorded mixtapes to strengthen his following. In 2002, he released the mixtape “Guess Who’s Back?”.

Rise to Fame

In 2002, Jackson attracted the attention of Eminem, who was highly impressed with “Guess Who’s Back?” and invited him to Los Angeles.contact with his creditors while he reorganized his finances.

The court’s protection offered 50 Cent time to reassess his financial situation and potentially negotiate with creditors regarding the judgments against him. His pending legal issues played a significant role in this decision, reflecting the ongoing challenges he faced.

Despite the setbacks, 50 Cent remained active in various business ventures, aiming to stabilize and rebuild his financial standing in the industry.

the jury in the case regarding the sex tape, which prevented any additional punitive damages from being awarded to Ms. Leviston.

He later elaborated:

“When you achieve success and recognition, you turn into a target. I don’t want to be a bullseye. I prefer not to be the person that others approach with outrageous claims and go through that ordeal. I’m implementing measures that any prudent business individual should consider in this context.“

Following up, his lawyer stated:

“The filing allows Mr. Jackson to maintain his engagement with various business ventures and continue his career as an entertainer while he navigates an organized restructuring of his financial situation.”

Vitamin Water Deal

The most astute financial move by 50 Cent occurred when he secured a minority share in Vitamin Water in exchange for serving as their celebrity spokesperson and endorsing the “Formula 50” drink.

In 2007, Coca-Cola acquired Glacéau, the company behind Vitamin Water, for $4.1 billion. It is commonly believed that 50 Cent realized approximately ten times the amount he had earned from his music career prior to this deal through the Vitamin Water sale.

Initially, 50’s equity in Vitamin Water was reported to be 10%, potentially yielding a pre-tax profit of $410 million. However, this figure was largely dismissed by investment bankers familiar with the transaction, who suggested that 50’s actual stake was approximately 2.5%. A stake of 2.5% would imply that 50 Cent earned 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, there were reports (not confirmed) stating that 50 had sold his minority ownership in Effen Vodka for $60 million. 50 Cent took to Instagram to acknowledge the occurrence of the deal but did not confirm the exact $60 million figure, which originated from DJ Envy on The Breakfast Club radio show. Envy provided the figure without giving a source or verification. While it’s possible that the number came from 50 Cent himself, making it potentially credible, it might also be an overstatement. As we await more definitive sources of confirmation, this figure is not yet included in the estimation of 50’s net worth provided above.

Starz Deal

In October 2018, 50 Cent inked a four-year overall agreement with Starz, the cable network airing his drama series “Power.” The deal entails a commitment to produce three series, potentially amounting to $150 million if all terms are met.

Personal Life

50 Cent is the father of a son named Marquise Jackson, from his previous relationship with Shaniqua Tompkins.born in October 1996, Tompkins later filed a $50 million lawsuit against Jackson, which was ultimately dismissed. Numerous times, the two have engaged in feuds over social media.

In 2005, 50 supported President George W. Bush following fellow rapper Kanye West’s criticisms of the president regarding the slow response to the Hurricane Katrina disaster. Subsequently, Jackson backed Barack Obama in 2008 and Hillary Clinton in 2016. Contrary to the themes present in many of his songs, Jackson abstains from drugs and alcohol.

In May 2016, while at Cincinnati International Airport, Jackson confronted a janitor and hurled insults at him after suspecting him of being intoxicated. The truth revealed that the janitor was an autistic and hearing-impaired teenager. The incident went viral, leading to the teenager’s parents contemplating legal action against 50 Cent. They reached a settlement in which 50 Cent donated $100,000 to Autism Speaks and issued an apology.

Connecticut Mansion

In 2003, 50 Cent purchased a 17-acre estate in Connecticut that includes a 50,000-square-foot mansion featuring 37 bathrooms, 21 bedrooms, a gym, a casino, and a nightclub. This property was previously owned by Mike Tyson. At the time of the sale, Mike was navigating a divorce and had declared 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 subsequently invested an additional $6 million on various upgrades, which included a private movie theater, an infinity pool, and a helicopter pad.

During his bankruptcy proceedings in 2015, it was revealed by 50’s attorneys that maintaining the house typically incurs costs around $72,000 monthly, with utilities alone costing $18,000.

In 2007, 50 first attempted to sell the mansion for $18.5 million, but he was unable to do so. Since then, he has continued to seek buyers without success. In September 2018, he reduced the asking price to $4.995 million, yet again, met with no interest. Eventually, in April 2019, he sold the home for $2.9 million, reflecting an 84% decrease from his initial asking price and resulting in a $1.2 million loss compared to his purchase price.