50 Cent Net Worth 2022 (Forbes) – How Did He Get Rich?

50 Cent Net Worth 

50 Cent has an estimated net worth of $18 million. Curtis Jackson, known as 50 Cent, is a hip hop artist and business mogul who soared to fame with his 2003 debut album ‘Get Rich or Die Tryin.” He earns most of his income from album sales, concerts, music streaming, and business ventures. 

Curtis Jackson, known as 50 Cent, is a hip-hop artist and businessman who became known for his street raps and rags to riches story. After a life of crime, drugs and violence, he turned to rap and achieved great success in 2003 with the album Get Rich or Die Tryin’.

One of the leading exponents of “gangsta” rap in the early 21st century, with side projects such as the hip-hop group G-Unit, investments in soda water companies and video games, 50 Cent has since become an actor and businessman. His career has been marked by feuds with other rappers, arrests, and legal and financial troubles, while lately he has been recording sporadically.

To calculate the net worth of 50 Cent, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets. All debts, such as personal loans and mortgages, are included in total liabilities.

Here’s the breakdown of his net worth:

Name: 50 Cent
Net Worth: $40 Million
Monthly Salary: $1 Million
Annual Income: $10 Million
Source of Wealth: Businessperson, Actor, Investor, Film Producer, Rapper, Screenwriter, Entrepreneur, Songwriter

Early Life

Curtis James Jackson III was born on July 6, 1975, in the New York City borough of Queens. He was raised by a single mother in the Jamaica neighborhood. Jackson’s mother was a drug dealer who died in an undetermined fire when he was eight years old; after her death, he was raised by his grandmother.

Jackson wanted to be a boxer since he was a child and fought at the junior level before turning to drugs when he was 12 years old. When Jackson was 19, an undercover cop arrested him for selling four vials of cocaine, and when his home was raided three weeks later, police discovered crack and heroin.

He was sentenced to three to nine years in prison, but instead attended boot camp and obtained his GED. He was already rapping at the time and adopted the name 50 Cent, which was the original moniker of a 1980s Brooklyn crook.

Hip Hop Beginnings

His first significant contact with the New York hip hop scene was with Jam Master Jay of the group Run-DMC. Jay was impressed with Jackson’s rapping abilities and produced an album for him, but it was never released. Jackson also had a rocky relationship with Columbia Records, where he recorded an album that was never released. Power of the Dollar, which was later bootlegged, showcases Jackson’s confrontational style — on the track “How to Rob,” he details plans to steal from celebrities such as P. Diddy, Jay-Z, Mase, and Missy Elliott.

Jackson was the victim of a severe shooting incident in 2000, which left him with multiple injuries. After his recovery, he returned to music and made several low-budget recordings with his friends Lloyd Banks and Tony Yayo as G-Unit. Their efforts were noticed by Eminem and Dr. Dre, who heard 50 Cent’s “Guess Who’s Back?” mixtape in 2002 and signed him to their respective labels, Shady Records and Aftermath Entertainment.

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‘Get Rich or Die Tryin”

Eminem and Dre produced 50 Cent’s debut album, Get Rich or Die Tryin’. It was a huge commercial success, eventually selling 9 million units. Its gritty singles, such as “Wanksta” and “In Da Club,” were supported by strong hooks, propelling them to crossover pop success.

His physical appearance – muscled and tattooed, wearing a bulletproof vest and carrying a handgun – was also a big draw, as was the fact that his lyrics were based on real-life experiences, in a game where most rappers’ boasts are meaningless. The Los Angeles Times raved, “His rhymes are average, but his lisp, exaggerated delivery, and the beats backing him push this collection over the edge.”

‘The Massacre’ and Other Releases

Get Rich or Die Trying was followed in 2005 by The Massacre, another hit album on which Jackson continued to rap about drugs, crime, and sex on songs like “Candy Shop” and “Just a Lil Bit.” Under the Interscope label, he launched his own label, signing Lloyd Banks and Young Buck and incorporating them into the G-Unit group on the 2004 album Beg for Mercy, which sold over 5 million copies worldwide.

Subsequent 50 Cent albums, such as Curtis in 2007 and Before I Self-Destruct in 2009, sold poorly. However, 50 Cent’s personal history as a reformed criminal and survivor of drugs, violence, and poverty had cemented his place as an influential figure in hip hop culture by that point.

Jackson maintained a presence in the industry with the release of Animal Ambition in 2014, despite mixed reviews and sales of just over 100,000 copies – a far cry from his glory days. His ongoing feuds with Ja Rule, Rick Ross, and The Game also distracted him from the prize.

Business Interests and Children

Jackson successfully expanded his brand into other markets, following in the footsteps of hip hop moguls such as Dre and Jay Z. He promoted and invested in Vitaminwater, a partnership that reportedly netted him $100 million when it was sold to Coca-Cola in 2007, and he also founded the successful headphones line SMS Audio.

Jackson has two sons from two different mothers, Marquise and Sire.

‘Power’ and Other Screen Roles

Jackson has also found success with his forays into film and television. Since 2014, he has served as an executive producer and supporting actor in the crime drama Power. Jackson also had a prominent role alongside Sylvester Stallone in Escape Plan (2013) (and its two sequels) and appeared in the films Spy (2015), Southpaw (2015) and Den of Thieves (2018).

Filing for Bankruptcy to Starting Over Again

When Jackson was sued by Lastonia Leviston, Ross’s girlfriend, for releasing a sex tape online without her permission, his legal and financial problems began to mount. In July 2015, a jury awarded Jackson $7 million in damages. This, along with another case involving the headphone company Sleek Audio, prompted the rapper-entrepreneur to file for Chapter 11 bankruptcy protection.

Jackson was ordered by the Bankruptcy Court in 2016 to pay his creditors $23 million over five years, but he paid it off in months thanks to a legal malpractice settlement in his favor. That same year, he sold his lavish Connecticut mansion in Farmington, which had been on the market for years, for a reasonable $8 million. He originally bought the house from Mike Tyson in 2003.

Further Reading

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How To Become Rich Like 50 Cent?

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