At just 32 years old, Curtis Jackson aka 50 Cent Net Worth of $155 million according to Forbes magazine. The rapper turned business mogul was born in New York City and raised in the rough neighborhood of South Jamaica, Queens. He dropped out of high school to pursue his passion for rap music, which landed him on the music scene with his group G-Unit in 2003.
Things you might not know about 50 cent
In the early 2000s, 50 Cent became well-known for a string of mixtapes, with songs like Wanksta that touched on themes such as sex and drugs. In 2003, he released his debut album titled Get Rich or Die Tryin’. The next year, after signing with a new label (Shady/Aftermath) and releasing two more albums, he sold 10 million copies of his album The Massacre.
The inspirational story of how he met Eminem
Jayceon Taylor, better known by his stage name 50 Cent, was born in Queens, New York in 1975. When he was 10 years old, his father died from cancer and he was raised in a less than privileged environment. Still, at just 12 years old, he managed to produce a single called Thug Love. From that point on it seemed like 50 cent had found his calling as an entrepreneur.
His split from Interscope Records
Since 50 Cent left Interscope Records, his business ventures and efforts at self-recovery have been tepid. Recently he teamed up with the coffee company Black Rifle, but the taste of coffee has done little to mask his desperation for another hit.
He was accused of copying Ja Rule’s sound
There was speculation that 50 Cent borrowed parts of Ja Rule’s sound, mainly the hard-hitting drums, gangster lyrics and East Coast slang. However, 50 defended himself by saying he took inspiration from the rappers that came before him. I made those records because those were the only kind of records I had access to in my neighborhood, said 50 Cent.
Things you didn’t know about ‘Get Rich or Die Tryin”
1. 50 Cent lost his virginity at age nine, in the sixth grade, when he had sex with a girl who lived in the same apartment complex as him.
2. The rapper claims that he is was raped by a woman when he was twelve years old.
3. He began selling drugs for an older drug dealer before getting into music, and held other menial jobs such as working at Red Lobster and hosting Complex News’ Hip-Hop Shop web series
Money he made from his clothing line G-Unit and Vitamin Water
50 Cent has made millions from various ventures in the music industry, not just as a rapper. He reportedly earns around $4 million a year from his clothing line G-Unit, for which he maintains 100% ownership of the company. In 2004, he signed an exclusive contract with https://upcuz.com/ and their water product Vitamin Water – again maintaining full ownership.
He owes the IRS millions in back taxes
According to the New York Times, rapper 50 Cent owes the IRS millions in back taxes. Back in 2007, he was struggling financially and eventually filed for bankruptcy protection; now he is no longer able to pay his debt. In fact, in June of this year alone, he owed a total of $6 million. The reason for this financial turmoil is because after bankruptcy protection in 2007, many of his assets were liquidated and sold off to compensate his creditors.