This article contains information about 50 Cent’s net worth, among other things. 50 Cent is a $52 million-dollar-rich American rapper. Forbes estimates his net worth to be $52 million this year, a considerable fall from the $180 million estimated in previous years. Curtis Jackson, better known by his stage name 50 Cent, came to Los Angeles to pursue various interests after growing up in the Bronx.
He began selling narcotics after school when he was 12 years old. He was arrested and imprisoned in 10th grade for using a metal detector to smuggle guns and drug money into his high school. In 1994, he was detained for the second time after cops stormed his flat and discovered heroin, crack and a firearm. After a lengthy time at a military boot camp, he received his high school equivalency diploma.
Early Life Of 50 Cent
Curtis James Jackson III was born on July 6, 1975, in Queens, New York. His mother, Sabrina, a heroin dealer, raised him in the South Jamaica ghetto. Jackson was only eight years old when she died. His grandmother then reared 50 Cent. He started peddling drugs after school when he was 12 years old.
He was jailed in 10th grade after being detected by metal detectors at his high school attempting to bring in guns and drug money. In 1994, he was arrested again for selling cocaine to an undercover police officer, and a police search of his residence turned up heroin, crack cocaine, and a firearm. He completed his GED after six months in boot camp.
What Is The Net Worth Of 50 Cent?
50 Cent is an American rapper, producer, actor and businessman. He was born and raised in New York City. When this article was written, 50 Cent’s net worth was forty million dollars. In his career, 50 Cent has made at least 260 million dollars from various pursuits, including selling records, going on tour and signing multiple partnerships with different brands.
Unfortunately, he has also spent lavishly (particularly on real estate, automobiles and lawsuits), which led to him filing for Chapter 11 bankruptcy in July of 2015. This was caused by him spending a lot of money on real estate, vehicles and lawsuits. There will be much more discussion on that filing later in this post. Before he declared bankruptcy, 50 Cent’s worth was estimated to be over $100 million at its highest point.
50 Cent’s Personal Life
50 Cent and his ex-girlfriend Shaniqua Tompkins are the parents of their son. The month of October 1996 saw the arrival of Marquise Jackson. Tompkins filed a lawsuit against Jackson for $50 million, but the case was eventually thrown out. The two have engaged in a heated argument over and over again on social media.
In 2005, when fellow rapper Kanye West criticized President George W. Bush for his tardy response to the Hurricane Katrina crisis, 50 came to the president’s defence and voiced his support for Bush. Jackson later supported Barack Obama (2008) and Hillary Clinton (2016). Although many of his songs contain references to drinking and drug use, Michael Jackson does not indulge in such activities.
In May of 2016, after strolling through Cincinnati International Airport, Jackson harassed a janitor at the airport. He insulted him by accusing the janitor of being influenced by alcohol or drugs. This incident took place after Jackson had walked through the airport. Eventually, the janitor was a teenager with Autism and a hearing impairment. After the video gained widespread attention, the teen’s parents considered filing a lawsuit against 50 Cent. They agreed that 50 Cent would apologize and donate $100,000 to the Autism Speaks organization.
50 Cent Career
In addition to several other topics, Jam Master Jay instructed 50 Cent in his basement regarding the composition of songs, the organization of bars and the arrangement of choruses. Onyx’s first album, “Shut ’em Down,” featured him in several capacities. Jackson announced at the end of the year that he had signed a recording contract with Columbia Records and released his first album, “Power of the Dollar.”
According to Jay-Z and several other well-known musicians, the song “How to Rob” is currently his most successful release. Additionally, it was one of his most famous songs at the time. Jackson was murdered in front of his home the same year his record was made available to the public. He was shot nine times.
What Does 50 Cent Do With All Of His Money?
50 Cent is one of the most prominent individuals in the music industry. His name is synonymous with success. On the other hand, the rap artist has recently been in the news owing to the difficulties he is having with his finances. According to his tax records, his G-Unit-branded entertainment contracts in music, cinema and television bring in approximately $184,000 each month. 50 Cent spends most of his time living in the former boxer Mike Tyson’s residence.
In addition, the estate’s garage features both a racquetball court and a home theatre for your entertainment. The property has an estimated value of $8.25 million. Consequently, he owns real estate in many cities, including Atlanta, Long Island and New Jersey, which he then rents to rap musicians.
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