The topic we will be taking up today is 50 Cent Net Worth. His original name is Curtis James Jackson III, and he is an American rapper. Besides being a rapper, he is also an actor, businessman, and producer. He was born on 6th July in the year 1975 making him forty-six years old as of today. Jackson was born in South Jamaica, Queens, and began selling drugs at age 12 during the 1980s crack epidemic.
In 2000, he began pursuing a musical career and produced the album Power of the Dollar for Columbia Records, but he was shot just days before the album’s release. Due to this incident, the release of the album was not possible, and it was never made available. After that, he went on to release the album titled Guess Who’s Back? In 2002, Eminem discovered him and signed him to Shady Records, which is sanctioned by Dr Dre’s Aftermath Entertainment and Interscope Records. Keep Reading to find out more about 50 Cent Net Worth.
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50 Cent Net Worth
50 Cent Net Worth is 40 million Us Dollars. To date, 50 Cent has garnered at least $260 million from his various pursuits, including selling records, touring, and partnering with several brands. Furthermore, he has also spent lavishly (particularly on real estate, cars, and lawsuits), which led him to file for Chapter 11 bankruptcy in July 2015. The 50 Cent earnings stood at $100 million before the bankruptcy. 50 Cent Net Worth Has suffered massively due to the bankruptcy filing.
The bankruptcy was filed in the US bankruptcy court in Hartford, Connecticut, because 50 is a Connecticut resident. As of the time of the filing, 50 lived in Mike Tyson’s old mansion located at 50 Poplar Hill Dr, Farmington, CT 06032. 50 Cent reported assets valued between $10 million and $50 million in his filing. According to him, he owed the same amount.
This comes after a jury ordered 50 Cent to pay Lavonia Leviston, Rick Ross’s ex-girlfriend, $5 million for intentionally releasing a sex tape featuring her. There were two parts to the judgment: 2.5 million US Dollars for unauthorized use of her image and 2.5 million US Dollars for emotional distress. Furthermore, the judge ordered Mr Jackson to produce proof of his income and worth so the jury could determine monetary damages.
In a trademark infringement case involving a former partner in a headphone company, a different judge ordered 50 to pay $17.5 million in damages. In the sex tape case, he faced $22.5 million in potential legal judgments before exemplary penalties were calculated.
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50 Cent Life and Career
He was brought up in South Jamaica, and his mother whose name Sabrina Jackson was the one that raised him. She was a drug dealer who raised Jackson as an 8-year-old before dying in a fire. 50 Cent once disclosed that his mother was a lesbian in an interview. Jackson was raised by his grandmother after his mother died and his father left. Boxing was his first sport at age 11, and at 14, a neighbor opened a gym for youth. His primary school years were spent selling crack. Jackson began dealing drugs at the age of 12 when his grandparents believed he was part of an after-school program and brought guns and drug money to school. Andrew Jackson High School metal detectors caught him in tenth grade.
Jackson was arrested on the 29th of June in the year 1994. The arrest happened because he sold cocaine to an undercover cop. When police searched his home three weeks later, they found heroin, ten ounces of crack cocaine, and a starting pistol. Jackson served six months in a boot camp and earned his GED despite being sentenced to three to nine years in prison. He has stated that he does not use cocaine. “50 Cent” became Jackson’s nickname as a symbol of change. ’50 Cent’ was the name of a 1980s Brooklyn robber named Kelvin Martin.
He has sold more than 30 million albums worldwide and won several awards, including a Grammy Award, thirteen Billboard Music Awards, six World Music Awards, three American Music Awards, and four BET Awards. Billboard ranked 50 Cent as the sixth-best artist of the 2000s and the third-best rapper (behind Eminem and Nelly). That is all about 50 Cent Net Worth.
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