Curtis James Jackson III known by his stage name 50 cents is an American rapper, producer, and actor with an estimated net worth of $40 million from 2022.
He made more than $260 million in his career spanning over two decades, not only selling records and touring around the world, but also through sponsorship deals with numerous companies.
With the help of famous rappers Eminem and Dr. Dre, 50 Cent rose to fame and became one of the best-selling rappers in the world. He is considered 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 1975 in Queens, New York. His mother died when he was only eight years old. His grandmother raised him.
He started boxing at the age of 11. He started using drugs at the age of 12 and obtained guns and drugs from school premises, which led to his arrest.
He was arrested again on June 29, 1994 for selling drugs to an undercover police officer. After a few days he was arrested again on charges of drug trafficking and possession of a gun and spent six months in a boot camp.
Jackson rose to prominence when his controversial song, “How To Rob” was released in 1999. A year later, he was shot dead by a gunman outside his grandmother’s house and was subsequently hospitalized for 13 days. The shooter fired nine shots consecutively, seriously injuring him.
He was signed to Columbia Records while in the hospital, but then dropped out when he wanted to release the song “Ghetto Qu’ran”.
journey to 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 its soundtrack was featured in Eminem’s ‘8 Mile’ movie. 50 Cent rose to prominence with his debut album “Get Rich or Die Trying” in 2003.
It debuted at number one on the Billboard charts and sold over a million copies in less than a week. The lead single, “In Da Club”, created a record by becoming the most streamed song in radio history in less than a week.
His next album “The Massacre”, released in 2005, was another commercial success which sold 1.14 million copies in less than five days. He went on to release a number of albums and sold over 21 million units as of 2022.
According to unconfirmed reports, the rapper sold his stake in Effen Vodka for $60 million. 50 Cent revealed it on his social media account to confirm the deal happened. However, financial details of the deal have not been confirmed.
As there is an official confirmation, these figures are not yet taken into account in the compilation of his net worth. 50 Cent has struck a deal with Starz in an estimated $150 million four-year deal for his drama show “Power.”
Chapter 11 Bankruptcy
Despite so much income, he had to file for Chapter 11 bankruptcy in 2015 due to his lavish spending on real estate, cars and lawsuits. At the height of his career, his fortune reached $100 million according to Celebrity Net Worth.
Real estate investments
50 Cent reportedly owns multiple properties. He bought a 17-acre property in 2003 in Connecticut that spanned 50,000 square feet for $4.1 million. The property has 37 bathrooms, 21 bedrooms, a gym, a casino and a nightclub. He attempted to sell his home for $18.5 million in 2007, but was unsuccessful.
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