Curtis James Jackson III known by his stage name 50 Cent is an American rapper, producer, and actor with an estimated net worth of $40 million as of 2022.
He has made more than $260 million in his career spanning more than two decades not only by selling records, and touring worldwide but also through endorsement deals with many companies.
With the help of famous rappers Eminem and Dr. Dre, 50 Cent shot to fame and became one of the world’s best-selling rappers. He is considered to be the de facto leader of East Coast hip hop group G-Unit.
Let us explore more details about 50 Cent including his early life, career, endorsement deals, and more in our article below!
Curtis James Jackson III was born in the year 1975 in Queens, New York City. His mother passed away when he was just eight years old. His grandmother raised him.
He started boxing at the age of 11. He began dealing with drugs when he was 12 and got guns and drugs inside school premises which led to his arrest.
He was arrested again on 29th June 1994 for drug selling to an undercover police officer. After a few days, he was again arrested under charges of dealing with drugs and possession of a pistol and served six months in boot camp.
Jackson gained prominence when his controversial song, “How To Rob” was released in 1999. A year later, he was shot by a gunman outside his grandmother’s home and was later hospitalized for 13 days. The gunman fired nine shots consecutively injuring him severely.
He was signed by Columbia records when he was in hospital but later dropped when he wanted to publish the song “Ghetto Qu’ran.”
Journey Towards Success
Eminem played a pivotal role in his rap career when he invited Jackson to Los Angeles to meet Dr. Dre.
He released “No Mercy, No Fear” and his soundtrack was featured in Eminem’s movie “8 Mile”. 50 Cent gained prominence with his debut album “Get Rich or Die Trying” in 2003.
It debuted at the number one spot on the Billboard charts and sold more than a million copies in less than one week. The lead single, “In Da Club,” created a record by becoming the most-listened-to song in the history of radio in less than a week.
His next album “The Massacre”, released in 2005 was another commercial success that sold 1.14 million copies in less than five days. He then went on to release a number of albums and sold more than 21 million units as of 2022.
There were unconfirmed reports that the rapper sold his stake in Effen Vodka for $60 million. 50 Cent disclosed this on his social media handle to confirm that the deal happened. However the financial details of the deal were not confirmed.
As there is official confirmation these figures are not yet factored in the compilation of his net worth. 50 Cent entered a pact with Starz in a four-year deal estimated to be worth $150 million for his drama show “Power”.
Chapter 11 Bankruptcy
In spite of earning so much, he had to file for Chapter 11 bankruptcy in 2015 because of his lavish expenditure on real estate, cars, and lawsuits. During the peak of his career, his fortune hit $100 million according to Celebrity Net Worth.
Real Estate Investments
50 Cent reportedly owns several properties. He purchased a 17-acre property in 2003 in Connecticut that was spread across 50,000 square-foot for $4.1 million. The property has 37 bathrooms, 21 bedrooms, a gym, a casino, and a nightclub. He tried to sell his house for $18.5 million in 2007 but could not succeed.
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