Have you ever wondered what the net worth of 50 Cent is? Well, the American rapper is a living icon and worth a fortune.
He rose to prominence in the early 2000s with his album Get Rich or Die Tryin.
As of May 2023, 50 Cent has a net worth of $40 million.
This post will dive into how he amassed his incredibly high net worth.
Table of Contents
Early Life
Curtis James Jackson III was born July 6, 1975, in New York City. He was raised in the South Jamaica neighborhood of Queens.
His mother, Sabrina, was a drug dealer and tragically died in a fire when Jackson was young. His father wasn’t in the picture, and his grandmother raised him.
He would often box in a local boxing gym growing up, and he enjoyed it. Despite having a strong academic performance, he became involved in the drug game.
Jackson began selling narcotics at the age of 12 and sold crack during school.
Arrest and Beginning of Music Career
While attending Andrew Jackson Highschool in the tenth grade, he was arrested for bringing drugs and guns into the building.
Three years later, he was arrested for selling vials of cocaine to an undercover police officer. Authorities would search his home and find heroin, ten ounces of crack, and a gun.
Jackson was sentenced to three to nine years, but luckily only served six months of boot camp and earned his GED.
It was during this time that he decided to pursue a career in music. After being released from prison, he met Jam Master Jay of Run DMC, who helped him start his rap career.
Career
Music
Curtis Jackson made his rapping debut on the song React with Onyx, a hardcore Hip-Hop group out of Queens. He impressed record labels and earned a deal with Columbia Records.
How to Rob
He released the single How To Rob, where he rapped about robbing various famous rappers.
Jackson wrote the controversial song, hoping to gain attention and separate himself from rappers on the label.
His plan worked, and rappers such as Jay-Z, Big Pun, DMX, and others responded to the song.
Jackson was building momentum, but on May 24, 2000, he was shot nine times at close range. He was hit on the hand, arm, hip, legs, chest, and left cheek and was lucky to be alive.
After surviving, Jackson had a new perspective and felt he had a purpose in life.
But Columbia Records and Jackson didn’t see eye to eye, and they dropped him from the label.
Guess Who’s Back
However, he released Guess Who’s Back, and the project caught the attention of Eminem. Eminem invited Jackson to LA, where he would meet Dr.Dre and sign a record deal.
Get Rich or Die Tryin
In 2003, Jackson released his debut album Get Rich or Die Trying, and it debuted at number one on the Billboard 200 and sold over 70,000 copies in the first week.
The album’s success put Jackson in a whole new stratosphere of popularity and fame.
He quickly became one of the biggest rappers in the game and would release four more albums, The Massacre, Curtis, Before I Self Destruct, and Animal Ambition.
Jackson went from making drug money to becoming a rap phenomenon and was easily one of the most famous artists in the music industry throughout the early 2000s.
Street King Immortal
After a five-year hiatus, Jackson released his sixth album, Street King Immortal. The album sold 160,000 copies in the first week and received mixed reviews.
The project was pushed back multiple times and was finally released in 2014. Jackson has said he plans to release a follow up album called Street King Energy Tracklist.
Acting
Jackson has also had a successful career in acting, appearing in various movies and tv shows. He’s had roles in the following:
-All Things Fall Apart (2011)
-Freelancers (2012)
-Southpaw (2015)
-Power (2014-present)
He’s also appeared in episodes of the TV show Entourage and was a producer for the show.
Business Ventures
Following the success of Get Rich or Die Tryin, he established his record label, G Unit Records. He signed Lloyd Banks, Tony Yayo, Young Buck, and The Game under the label.
Jackson successfully branded the label and signed a deal with Reebok to distribute a G-Unit sneaker and clothing line.
Jackson was a familiar face and fan favorite, making him a target for various companies. In 2004 he became a spokesperson for Glaceau Smartwater and received company shares.
He joined Right Guard to introduce a body spray and endorsed Magic Stick Condoms. He also signed a multi-year deal with Steiner Sports to sell his memorabilia.
G-Unit Films and Television
People could not get enough of him, and he used it to his full advantage.
Jackson created G-unit Films and Television Inc, and the company has joint ventures with Will Packer Productions and Universal Television.
He has sold many projects to different networks, the biggest being STARZ TV drama Power. This show has become beloved, and one of the most popular television shows on the network.
On top of his success as an artist, he has become a business mogul.
Effen Vodka
In 2014, Jackson partnered with Effen Vodka to create a line of flavored vodkas. The flavors include green apple, black cherry, raspberry, and cucumber.
The company has done very well, and in 2017, reports surfaced that Jackson sold his stake in the company for $60 million. This later turned out to be false and Jackson’s partnership with the brand continues.
Vitamin Water
In 2007, Jackson partnered with Glacéau Vitamin Water and was given a minority stake in the company.
Three years later, the Coca-Cola Company bought Glacéau for $4.1 billion, making Jackson a millionaire many times over.
It was reported that he made $100 million from the sale, but Jackson has stated that the number is closer to $200 million.
SMS Audio
In 2011, Jackson founded SMS Audio, a headphone and consumer electronics company. He has said he was inspired by Dr. Dre’s Beats by Dre line and wanted to create his own line of headphones that were more affordable.
The company has done well, and in 2015 Jackson announced a partnership with Intel to create a new line of headphones.
The 50 Cent brand has become very valuable, and he has used it to create various businesses that have made him a lot of money.
50 Cent Net Worth 2023
As of May 2023, 50 Cent has a net worth of $40 million.
The combination of both his music career and business ventures has set him up with generational wealth.
His show Power has had the internet in a frenzy and continues to have large viewership. The second season premiere had over a million people tune in for the episode.
Jackson has persevered through trials and tribulations and has worked tirelessly to be in the position he is in today.
Awards and Nominations
50 Cent has said that he only makes music to make money, but his work has been critically acclaimed.
He has won multiple Grammy Awards, American Music Awards, BET Awards, MTV Video Music Awards, and World Music Awards.
He was even honored with a star on the Hollywood Walk of Fame in 2015.
Personal Life
Jackson has three children, two sons, and one daughter. He is currently single but was previously married to Shaniqua Tompkins from 2001 to 2003.
How Does 50 Cent Spend His Money?
Jackson is known for his lavish lifestyle and has no problem spending his money. He owns a mansion in Connecticut that is complete with a helicopter pad, indoor pool, and movie theater.
He’s been known to travel by private jet and frequently posts pictures of himself on social media enjoying the finer things in life.
When he’s not working, he enjoys spending time with his children and going on vacation. He’s also an avid collector of cars and has a large collection of luxury vehicles.
Bankruptcy Filing
On July 13, 2015, Jackson filed for chapter 11 bankruptcy protection. This was following a long and publicized legal battle with Rick Ross’s baby mama Lastonia Leviston.
He was ordered to pay her $5 million in damages after he leaked a sex tape of her without her permission.
Jackson had an estimated net worth of $155 million at the time of his filing.
After he filed for bankruptcy, Jackson tweeted “I’m taking the necessary legal actions to protect me and my loved ones. I have assets worth over $100 million. I have paid over $70 million in attorney fees and another $10 million to settle cases. The rest of these debts are disputed and the matter is in US Federal Court.”
He was able to negotiate a deal with creditors and keep $23 million of his assets.
As of September 2020, Jackson is no longer bankrupt.
Philanthropy
He is a philanthropist and has given money to various charities such as The American Red Cross, Feeding America, and Habitat for Humanity.
He has also donated to the G-Unit Foundation which benefits underprivileged youth.
Domestic Violence Case
In 2013, Jackson was accused of domestic violence by his ex-girlfriend Daphne Narvaez. He pleaded not guilty to the charges at the Los Angeles County Court and was ultimately cleared of all charges in 2015.
Key Takeaways
Now that you know what the net worth of Curtis James Jackson III is and how he built it, let’s take a look at some of the most important lessons we can learn from his journey.
Have Multiple Streams of Income
Jackson is in involved in many different business sectors. This allows him to keep money flowing and not rely too heavily on one field.
It’s crucial to have money coming in from different assets, just in case one fails.
One can never have too many sources of income. The more you have, the more likely you are to be successful.
Your Life Has a Purpose
Jackson was shot nine times and survived. It was only then he realized that he was here for a reason and approached life differently.
It shouldn’t take a life-threatening event for you to appreciate life. Everyone in life has a purpose; having this mindset can open up your perspective and lead you to reach your full potential.
What do you think about 50 Cent’s net worth? Leave your thoughts in the comments below