50 Cent’s Net Worth Proves Financial Recovery Is Possible
With 50 Cent’s net worth currently at $40 million, we’re here to remind you exactly how he became a success, went bankrupt and then earned back his money.
50 Cent’s Net Worth Proves That Financial Recovery Is Possible
50 Cent has been a major player in the hip hop industry ever since he hit the scene in the early 2000s. At age 47, the rapper has sold more than 30 million albums around the world and earned several awards, including a Grammy and 13 Billboard Music Awards.
His surprise, upside-down entrance at the Pepsi Super Bowl LVI Halftime Show in February 2022 in Los Angeles, California, was one for the books, proving that he’s very much still got it. With 50 Cent’s net worth currently at about $40 million, we’re here to remind you about his road to success, his bankruptcy filing and the financial recovery that followed.
50 Cent’s Rough Upbringing
50 Cent was born Curtis James Jackson III in the South Jamaica neighborhood of Queens, New York, on July 6, 1975. He was initially raised by his single mother, Sabrina, before going to live with his grandparents following her passing. The rapper had a rough upbringing and lifestyle filled with gang violence and drug dealers.
In fact, he was arrested several times — the first time was in 10th grade when he was caught by metal detectors in high school. Then, in 1994, an undercover police officer caught him selling drugs. He was sentenced to between three and nine years in prison. Luckily, he only served six months in boot camp.
Making a Name for Himself
Ready for change, he adopted the nickname "50 Cent" after a famous Brooklyn robber who chose to provide for himself by any means necessary, according to the rapper.
Under the mentorship of Jam Master Jay in the 1990s, he started working on his 2000 album, "Power of the Dollar." He produced the album for Columbia Records, but it was never released because he was famously shot nine times just days before its debut. The attack was gang-related and occurred in front of 50 Cent's grandmother's former home. It took about five months for him to fully recover, but the incident left him feeling like he had a bigger purpose in life.
His Street Smart Business Moves
50 Cent eventually came to the attention of Eminem and Dr. Dre in the 2000s. The two helped produce his debut album, “Get Rich or Die Tryin,’” featuring the break-out single “In Da Club.” 50 Cent had other hits and eventually formed G-Unit Records under Interscope in 2003.
Considered one of the best rappers of the 2000s, 50 Cent earned several music awards during this time, including a Grammy Award, three American Music Awards, four BET Awards, six World Music Awards and 13 Billboard Music Awards. He also appeared in three movies during this time — "Get Rich or Die Tryin'" in 2005, "Home of the Brave" in 2006 and "Righteous Kill" in 2008.
Bringing Home the Awards
Considered one of the best rappers of the 2000s, 50 Cent earned several music awards during this time, including a Grammy Award, three American Music Awards, four BET Awards, six World Music Awards and 13 Billboard Music Awards.
He also appeared in three movies during this time — "Get Rich or Die Tryin'" in 2005, "Home of the Brave" in 2006 and "Righteous Kill" in 2008.
The End of Gangsta Rap
As the foremost flag-bearer for gangsta rap, 50 Cent took a direct hit when his 2007 album “Curtis” debuted at No. 2 on Billboard, behind Kanye West’s game-changing “Graduation.”
For many, it signaled the end of the gangsta rap era that made 50 Cent so big and helped him earn a whopping $250 million throughout his career.
His Most Notable Investments
50 Cent has diversified his wealth through stocks, bonds, real estate and certain business ventures.
One of his first ventures was a partnership with Glaceau to create a vitamin water called Formula 50, after he was a spokesperson and minority shareholder at the company. When Coca-Cola purchased Glaceau for $4.1 billion, he reportedly earned about $100 million after taxes.
And His Notable Projects
In 2012, 50 Cent also became a licensed boxing promoter as a sort of payback to his youth. When he wasn't selling drugs, he would be found sparring at his local youth gym. In the "All Eyes on 50 Cent: The Sequel" documentary, he was even quoted saying, "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."
Fun fact: 50 Cent has been on the "New York Times" Best Seller list twice, with his autobiography, "From Pieces to Weight" as well as a self-help book called "The 50th Law" about the rappers path to success. These are just two of the several book projects in which 50 has been involved.
50 Cent Once Lived in Mike Tyson’s $4.4 Million House
With his rough and tumble image and passion for boxing, it isn’t too shocking to learn that 50 Cent bought a mansion that once belonged to former heavyweight-champion boxer Mike Tyson. He reportedly bought the house for about $4.4 million. The 52-room, megamansion has two pools and its own nightclub.
He called it a "homeboy complex" where he could host all of his friends and keep them close. But he did ultimately sell the house in 2015, claiming it cost him $63,000 per month to manage it.
So, What Happened?
Arguably, the lowest financial point for 50 Cent was filing chapter 11 bankruptcy in 2015 with debts of $32.5 million and between $10 million and $50 million in assets. But under oath, he claimed to only be worth about $4.4 million.
He did bounce back, producing and starring in the successful Starz program “Power.” He also began the process of rebuilding his wealth, leading him to be more financially sound today than he was several years ago.
What’s Next for 50 Cent's Net Worth Growth?
50 Cent continues to take his film production work very seriously. He is slated to appear in the fourth installment of the “Expendables” franchise.
In addition to film projects, 50 Cent continues to tour and make guest appearances on stage with other rappers. He's also particularly active on social media with about 28.1 million followers on Instagram and 12.5 million followers on Twitter.
Despite his lows and hardships, 50 Cent is an American rapper who has largely bounced back and continues to move in a positive financial direction. He's about to hit the road for his for his "Final Lap" tour, which begins on July 21, 2023.