The subject we are tackling today is 50 Cent Net Worth. His original name is Curtis James Jackson III and he is an American rapper. In addition to being a rapper, he’s also an actor, businessman, and producer. He was born on July 6, 1975 and is now 46 years old. Jackson was born in South Jamaica, Queens, and started selling drugs at the age of 12 during the crack epidemic of the 1980s.
He began pursuing a musical career in 2000, producing the album Power of the Dollar for Columbia Records, but was shot just days before the album was released. Due to this incident, the release of the album was not possible and was never made available. He then released the album called Guess Who’s Back? In 2002, Eminem discovered him and signed him to Shady Records, which was run by Dr. Dres Aftermath Entertainment and Interscope Records is sanctioned. Read on to find out more about 50 Cent Net Worth.
Also check out how old Snoop Dogg is? Everything about the rapper’s life
50 cents net value
The net worth of 50 cents is $ 40 million. To date, 50 Cent has raised at least $ 260 million through its various activities, including record sales, touring, and partnerships with multiple brands. In addition, he has also spent a lot of money (especially on real estate, cars, and lawsuits), which led to his filing for Chapter 11 bankruptcy in July 2015. The 50 cents profit before bankruptcy was $ 100 million. 50 Cent Net Worth Has suffered massively from filing for bankruptcy.
The bankruptcy was filed in the US bankruptcy court in Hartford, Connecticut because 50 is a Connecticut resident. At the time of filing, 50 lived in Mike Tyson’s old mansion at 50 Poplar Hill Dr, Farmington, CT 06032. 50 Cent stated in its filing assets valued at $ 10 million to $ 50 million. According to him, he owed the same amount.
It came after a jury ordered 50 Cent to pay Lavonia Leviston, Rick Ross’ ex-girlfriend, $ 5 million for deliberately posting a sex tape with her. The verdict was split into two parts: $ 2.5 million for unauthorized use of her image and $ 2.5 million for emotional harm. The judge also asked Mr. Jackson to provide evidence of his income and worth so that the jury could determine financial damages.
Another judge sentenced 50 to pay $ 17.5 million in damages in trademark infringement litigation involving a former headphone company partner. In the sex video case, he faced potential court judgments of $ 22.5 million before exemplary penalties were charged.
Also see who Blanca Clemente is? All about Alvaro More’s wife
50 cents life and career
He grew up in South Jamaica and his mother, whose name was Sabrina Jackson, was the one who raised him. She was a drug dealer Jackson raised when she was 8 years old before she died in a fire. 50 Cent once announced in an interview that his mother was a lesbian. Jackson was raised by his grandmother after his mother died and his father left. Boxing was his first sport at the age of 11 and at 14 a neighbor opened a gym for teenagers. He spent his elementary school selling crack. Jackson started drug trafficking at the age of 12 when his grandparents believed he was part of an after-school program and brought guns and drug money to school. Andrew Jackson High School metal detectors caught him in tenth grade.
Jackson was arrested on June 29, 1994. The arrest was for selling cocaine to an undercover agent. When the police searched his house three weeks later, they found heroin, ten ounces of crack cocaine and a starter gun. Jackson served six months in an apprenticeship camp and earned his GED despite being sentenced to three to nine years in prison. He has stated that he does not use cocaine. â50 Centâ became Jackson’s nickname as a symbol of change. “50 Cent” was the name of a Brooklyn robber from the 1980s named Kelvin Martin.
He has sold more than 30 million albums worldwide and won multiple awards including a Grammy Award, thirteen Billboard Music Awards, six World Music Awards, three American Music Awards, and four BET Awards. Billboard ranked 50 Cent as the sixth best artist of the 2000s and the third best rapper (behind Eminem and Nelly). That’s all over 50 cents net worth.
Also check out Corporate Monster Ending Explained: What Happened in the End?