50 Cent, the American rapper, actor, and entrepreneur, has a net worth of $60 million as of 2024. Rising to fame in the early 2000s with his debut album Get Rich or Die Tryin’, which went platinum multiple times and featured hits like “In Da Club,” 50 Cent quickly became a household name in the music industry.
His unique blend of aggressive rap lyrics and catchy hooks earned him millions of album sales worldwide.
Over the years, he diversified his career to include acting, producing, and various entrepreneurial ventures, which have significantly contributed to his fortune.
Career Highlights
- Music Success: 50 Cent’s Get Rich or Die Tryin’ album was a monumental success, debuting at No. 1 on the Billboard 200 and selling nearly a million copies in its first four days. His hit single “In Da Club” became a cultural phenomenon, breaking records for radio play. His second album The Massacre followed suit, solidifying his dominance in hip-hop.
- Business Ventures: Beyond his music career, 50 Cent is a savvy businessman. He made a major financial gain through his early investment in Vitamin Water. In 2007, when Coca-Cola purchased the brand for $4.1 billion, 50 Cent’s stake in the company earned him an estimated $100-$150 million. Additionally, he expanded into the spirits industry, with a reported $60 million sale of his stake in Effen Vodka.
- Acting and Producing: 50 Cent transitioned into acting and producing, achieving success with his semi-autobiographical drama series Power on STARZ. In 2018, he signed a lucrative $150 million deal with STARZ, which includes multiple spin-offs of Power. His entrepreneurial spirit also led him to create G-Unit Records and the G-Unit clothing brand, both of which added to his wealth.
- Bankruptcy: Despite earning over $200 million throughout his career, 50 Cent filed for Chapter 11 bankruptcy protection in 2015 after facing several high-profile lawsuits and financial troubles. This included a $5 million judgment in a sex tape case and a $17.5 million verdict in a trademark infringement case. Although his financial challenges were significant, he used the bankruptcy as a strategic move to reorganize his finances and protect his business interests.
Notable Investments and Deals
- Vitamin Water Deal: 50 Cent’s minority stake in Vitamin Water became one of his most lucrative investments. Though the exact amount of his stake has been debated, estimates suggest he earned around $100-$150 million from Coca-Cola’s acquisition of the brand in 2007.
- STARZ Deal: His 2018 deal with STARZ, which could potentially be worth $150 million if all milestones are met, marks a major step in his transition to the world of TV production. This deal included commitments for several Power spin-offs, further solidifying his place in the entertainment industry.
Personal Life
50 Cent’s personal life has been marked by public feuds, a complicated relationship with his son Marquise Jackson, and controversies surrounding his social media activity.
Despite his public persona, 50 Cent has consistently maintained that he does not partake in drugs or alcohol.
His support for political figures has also been notable, as he backed George W. Bush in 2005, later supported Barack Obama in 2008, and endorsed Hillary Clinton in 2016.
