Featured Image Credit: Axelle/Bauer-Griffin/FilmMagic/Sergione Infuso/Corbis/Getty Images
50 Cent once blew $470 million and ended up bankrupt.
The rapper, whose real name is Curtis James Jackson III, is arguably one of the biggest rappers on the planet as a result of many stellar tracks.
I mean, ‘In Da Club’ and ‘Candy Shop’ is pretty much seared into our brains at this point.
When it comes to money, however, his story is quite incredible.
50 really did burst onto the scene with his debut album ‘Get Rich or Die Tryin’.
And the album was so successful that he was able to buy a mansion once owned by Mike Tyson.
He followed up that early success by going on to sell over 30 million albums over a glittering career and making a number of business moves.
Some of them paid off incredibly well, like the stake he bought in VitaminWater in 2004 which earned him somewhere in the region of $100 million after Coca-Cola decided they wanted to buy the brand for $4.1 billion.
Other moves didn’t work out quite so well, however, especially since he made a few investments around the time of the global recession in 2008 which ended up costing him several million dollars.
His financial woes came to a head in 2015 when he filed for bankruptcy – though it wasn’t long before he bounced back from that particular nadir.
50 Cent blew $470 million and filed for bankruptcy. Credit: Aaron J. Thornton/Getty Images
In this case, going bankrupt doesn’t mean he went totally broke, even if his financial status did diminish somewhat from a previously incredibly high point.
TikToker Frank Michael Smith laid out some of the woes behind the rapper’s financial struggles, explaining that many of the most visible aspects of his lavish lifestyle were rented rather than owned outright.
They said 50 Cent had a net worth of around $500 million back in 2010 back when things were going well for him, but was closer to $30 million in 2022.
Some of the biggest matters he’d had to deal with were legal issues, having forked over at least $23 million in legal fees during the past 20 years, including for a legal battle over leaking an adult film with Rick Ross’s girlfriend in it.
The rapper went bankrupt. Credit: Andrew Chin/Getty Images
Scientists reveal what T-Rex actually sounded like in eerie audio
And other more recent lawsuits were against a Miami doctor who suggested the rapper had penis enlargement surgery, and a judge refusing to dismiss the lawsuit.
There was also the loss of his five year legal battle against Rick Ross.
He may have gone bankrupt at one point, but speaking to The Guardian in 2020, the rapper explained that normal people didn’t understand bankruptcy and it let him start over fresh.
He said: “Business people will do that in a heartbeat before losing money. Because it means they have the ability to be secure and invest again.”
Shortly after declaring bankruptcy, he was given the chance to act in and executive produce TV show Power, signing a $150 million deal.
If that’s not landing on your feet, I don’t know what is.
News
Justin Bieber thinks Eminem “doesn’t understand” modern rap
Justin Bieber thinks Eminem “doesn’t understand” modern rap Justin Bieber is defending the rap artists of his age. The musician defended “the new generation of rap” using lyrics from Eminem’s 2018 song “The Ringer,” which he…
16-Year-Old Girl Breaks Sound Barrier with Eminem’s Godzilla, Winning the Challenge He Set with More Than 4 million Votes – Should We Call Her Feminem Or “Eminem’s Daughter”
Scroll down to watch the video. Thank you! Nini Chilachava, a 16-year-old girl from Zugdidi, Georgia, won a contest announced by American singer Eminem, beating his record by rapping 229 words in 22 seconds. The Detroit legend challenged his fans…
The Game Drops Jaw-Droppiпg Diss Track Targetiпg Emiпem aпd His Daυghter
The track, which is featured on Game’s new album ‘Drillmatic: Heart Vs. Mind,’ sees the rapper take aim at Eminem, 50 Cent, and more artists. The Game’s new album Drillmatic: Heart Vs. Mind features plenty of high-profile guests, but it’s…
The True Greatness of Scottie Pippen: 6 NBA Rings and a Fatherhood Legacy His Children Admire
TҺе еx-CҺιcаɡσ Bυlls stаɾ ҺаԀ sеᴠеп cҺιlԀɾеп wιtҺ Һιs еxеs Kаɾеп McCσllυm, Sσпyа Rσby, Yᴠеttе Dеlеσпе, апԀ Lаɾsа Pιρρеп: Aпtɾσп, Tаylσɾ, Tylеɾ, Sιеɾɾа, Scσtty Jɾ., Pɾеstσп, Jυstιп, апԀ SσρҺιа. Iп ап ιпtеɾᴠιеw wιtҺ PEоPLE ιп 2021, wҺιlе ρɾσmσtιпɡ Һιs mеmσιɾ…
LeBron’s Relentless Olympic Pursuit: Lakers Superstar Grinds for Team USA’s Paris 2024
OLYMPIC BRON BACK IN THE LAB No days off for four-time #NBA champion LeBron James as the Los Angeles Lakers superstar puts on the work for Team USA in the upcoming Olympic Games Paris 2024.The Americans are gunning for a fifth-straight gold…
Giannis’ $42M Mansion Fit for a King: Bucks Star’s Lavish Villa Boasts 4 Living Rooms, Olympic Pool
Receiving the highest salary from the Milwaukee Bucks, Giannis Antetokounmpo enjoys a fully equipped life with his wife in a $42 million villa with 4 living rooms and an Olympic-standard swimming pool As the highest-paid player on the Milwaukee Bucks…
End of content
No more pages to load