50 Cent Net Worth and Biography
50 Cent net worth 2024 Forbes, Career, Business, Age, Awards, Cars, Houses: Curtis James Jackson III known professionally as 50 Cent, is an American rapper, songwriter, television producer, actor, and entrepreneur. Known for his impact in the hip hop industry, he has been described as a “master of the nuanced art of lyrical brevity”.
50 Cent net worth 2024: Curtis James Jackson III known professionally as 50 Cent, is an American rapper, songwriter, television producer, actor, and entrepreneur. Known for his impact in the hip hop industry, he has been described as a “master of the nuanced art of lyrical brevity”.
50 Cent Net Worth
| 50 Cent Net Worth | $100 million |
|---|---|
| Date of birth | July 6, 1975 |
| Full name | Curtis James Jackson III |
| Occupation | rapper, actor and entrepreneur. |
| Nationality | American |
50 Cent Net worth
50 Cent net worth is valued at $100 million making him one of the richest rappers in the world. With the aid of Eminem and Dr. Dre (who produced his first major-label album Get Rich or Die Tryin’), 50 Cent became one of the world’s best-selling rappers and rose to prominence as the de facto leader of East Coast hip hop group G-Unit.
Biography
Jackson was born in the borough of Queens, New York City, and raised in its South Jamaica neighborhood by his mother Sabrina. A drug dealer, Sabrina raised Jackson until she died in a fire when Jackson was 8. After his mother’s death and his father’s departure, Jackson was raised by his grandmother.
He began boxing at about age 11, and when he was 14, a neighbor opened a boxing gym for local youth. “When I wasn’t killing time in school, I was sparring in the gym or selling crack on the strip,” Jackson remembered.
He sold crack during primary school. “I was competitive in the ring and hip-hop is competitive too … I think rappers condition themselves like boxers, so they all kind of feel like they’re the champ.”
At age 12, Jackson began dealing narcotics when his grandparents thought he was in after-school programs and brought guns and drug money to school. In the tenth grade, he was caught by metal detectors at Andrew Jackson High School:
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On June 29, 1994, Jackson was arrested for selling four vials of cocaine to an undercover police officer. He was arrested again three weeks later, when police searched his home and found heroin, ten ounces of crack cocaine, and a starting pistol. Although Jackson was sentenced to three to nine years in prison, he served six months in a boot camp and earned his GED.
Career
Jackson began rapping in a friend’s basement, where he used turntables to record over instrumentals. In 1996, a friend introduced him to Jam Master Jay of Run-DMC, who was establishing Jam Master Jay Records. Jay taught him how to count bars, write choruses, structure songs, and make records.
Jackson’s first appearance was on “React” with Onyx, for their 1998 album Shut ‘Em Down. He credited Jam Master Jay for improving his ability to write hooks, and Jay produced Jackson’s first (unreleased) album.
In 1999, after Jackson left Jam Master Jay, the platinum-selling producers Trackmasters signed him to Columbia Records. They sent him to an upstate New York studio, where he produced thirty-six songs in two weeks; eighteen were included on his 2000 album, Power of the Dollar.
Jackson founded Hollow Point Entertainment with former G-Unit member Bang ‘Em Smurf.
50 Cent net worth is valued at $100 million making him one of the richest rappers in the world
Stardom
Jackson’s popularity began to grow after the successful, controversial underground single “How to Rob”, which he wrote in a half-hour car ride to a studio.
The track comically describes how he would rob famous artists. Jackson explained the song’s rationale: “There’s a hundred artists on that label, you gotta separate yourself from that group and make yourself relevant”.
Rappers Jay-Z, Kurupt, Sticky Fingaz, Big Pun, DMX, Wyclef Jean, and the Wu-Tang Clan responded to the track, and Nas invited Jackson to join him on his Nastradamus tour.
Although “How to Rob” was intended to be released with “Thug Love” (with Destiny’s Child), two days before he was scheduled to film the “Thug Love” music video, Jackson was shot and hospitalized
Get Rich or Die Tryin’
Jackson released his debut album, Get Rich or Die Tryin’ described by AllMusic as “probably the most hyped debut album by a rap artist in about a decade”, in February 2003.
Rolling Stone noted its “dark synth grooves, buzzy keyboards and a persistently funky bounce”, with Jackson complementing the production in “an unflappable, laid-back flow”.
It debuted at number one on the Billboard 200, selling 872,000 copies in its first four days.
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The lead single, “In da Club” (noted by The Source for its “blaring horns, funky organs, guitar riffs and sparse hand claps”), set a Billboard record as the most listened-to song in radio history within a week.
50 Cent Net Worth
50 Cent net worth is valued at $100 million making him one of the richest rappers in the world. Despite his immense success in rap music, 50 Cent has poor financial management capabilities which lead to his bankruptcy some years ago
Bankruptcy
On July 13, 2015, Jackson filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of Connecticut with a debt of $32,509,549.91.
On July 17, 2015, the Court issued an order allowing a creditor to proceed with the punitive damages phase of a trial against Jackson in a New York state court, in connection with the alleged release of a private video.
His assets were listed as between $10 million and $50 million in his bankruptcy petition, though he testified under oath that he is worth $4.4 million.
Citing between $10 million and $50 million in debt, and the same amount in assets. Later in the week, Jackson’s bankruptcy lawyers elucidated the court documents that legal fees and judgments exceeding $20 million over the past year were the primary cause of the filing.
Business ventures
Jackson has had a highly successful business career. He is financially invested in a highly diversified variety of industries. Jackson is now involved in artist and talent management, record, television, and film production, footwear, apparel, fragrances, liquor, video games, mobile apps, book publishing, headphones and health drinks and dietary supplements
His broad business and investment portfolio contains investments in a variety of sectors including real estate, financial market investments, mining, boxing promotion, vodka, fragrances, consumer electronics and fashion.
He established his own record label G-Unit Records in 2003 following his mainstream success.
50 Cent net worth is estimated at $30 million due to poor financial management, he is not among the richest rappers list
Jackson has also started a book publishing imprint, G-Unit Books on January 4, 2007 at the Time Warner Building in New York. He has written a number of books including a memoir, From Pieces To Weight in 2005 where it sold 73,000 copies in hardcover and 14,000 copies in paperback; a crime novel and a book with Robert Greene titled The 50th Law, an urban take on The 48 Laws of Power.
In November 2011, Jackson released 50 Cent’s Playground, a young adult fiction novel about a bullied, violent boy and his gay mother.
50 Cent Net Worth Summary
50 Cent net worth is valued at $100 million making him one of the richest rappers in the world
| Net worth | $30 million |
| full name | Curtis James Jackson III |
| occupation | rapper, songwriter, television producer, actor, and entrepreneur. |
| Date of Birth | July 6, 1975 |
| Place of Birth | New York City, |
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