What is 50 Cent’s net worth?
|Net Worth:||$30 million|
|Income Sources:||Music career, film production, acting, businesses such as his boxing promotion company SMS Promotions, real estate, and stocks and bonds|
|Age/Date of Birth:||July 06, 1975|
|Height:||In feet: 6 ft
In centimeters: 183 cm
Curtis James Jackson III, popularly known as 50 Cent, is a rapper, actor, investor, and entrepreneur. 50 Cent has an estimated net worth of $30 million as of 2020, this is a significant drop from his 2015 level when he was, according to Forbes, among the wealthiest artists with a net worth of $155 million. 50, however, has claimed to be worth $5 million after his alleged bankruptcy.
Details of 50 Cent’s Music Success
Born in South Jamaica, Jackson has had a torrid path of life. At the age of 15, he sold drugs for upkeep. He dropped the illegal business to pursue his rapping and singing career and was soon discovered by Eminem who signed him unto his Shady Records. Thanks to Dr. Dre and Eminem, Curtis was able to quickly rise to the limelight making the 9 bullets shots story very famous. He added his name among the best-selling hip-hop musicians of all time. James went on to found the G-Units Records where he signed Tony Yayo, Lloyd Banks, and Young Buck.
Record Labels and Business Ventures
50 Cent’s Get Rich or Die Trying motivational motto is that which strongly drives his hunger for success. To achieve his dream, 50 Cent learned to diversify his portfolio. In addition to his G-Unit record label which has sold millions of records, 50 also owns movie production companies- G-Unit Films and Television Inc and Cheetah Vision- which produce and market movies across the world. 50 has sold TV series to networks, including Power to Starz and Dream School to Sundance TV. He makes a total of $35,000 per episode of “Power” in which he also has an acting role.
50 has since ventured into acting, making his debut as the lead actor in the 2005 movie ‘Get Rich or Die Tryin’. Since then, 50 has gone on to star alongside award-winning actors like Robert De Niro, Forrest Whitaker, Al Pacino and Sylvester Stallone. In 2009, 50 Cent signed a $200 million deal for 10 films with the famous Lionsgate and Grindstone.
Without a doubt, 50 Cent is a natural entrepreneur, pouncing on every worthy deal he can get his hands on. 50’s diverse business portfolio includes liquor, fragrances, footwear, clothing, book publishing, health drinks, headphones, mobile app, as well as investments in real estate, financial market, and boxing promotion.
In 2007, 50 collaborated with the energy brand Glacéau to create enhanced water drink Formula 50 aka VitaminWater. He got minority shares in the brand and endorsed the product. In 2007, when Coca-Cola bought Glacéau for $4.1 billion, 50 earned $100 million after taxes. The deal gave 50’s net worth an apparent boost.
50’s other notable business ventures include SMS (Studio Mastered Sound) Audio a consumer-electronics company he founded in 2011. SMS Audio, which sells Street by 50 headphones, acquired Kono Audio later in 2011 in order to re-brand its products.
50 is the CEO and founder of Street King Energy, a flavored energy drink whose part-proceeds is donated for charity purposes. He also owns SMS Promotions through which he promotes boxers.
In 2014, Curtis became a part-owner of Effen Vodka which he heavily endorses via his social media. He also has investments in Hang w, a live video broadcasting mobile app that prides many celebrity users. The app has over a million users as of 2015. Also in 2014, Jackson was able to land a $78 million agreement to promote men’s underwear for FRIGO Revolution Wear.
Facts About His Weight Loss
In 2010, 50 Cent underwent a drastic weight loss dropping from 214 pounds to 160 in nine weeks. He also lost six inches off his waist. The staggering weight loss was to play an American football player stricken with cancer in the movie “Things Fall Apart”, a role inspired by a friend of his who died of cancer.
He literally ‘starved’ himself through a grueling and strict liquid diet as well as a fitness regime to the extent of looking almost like one suffering from the disease. However, the rapper has since regained his weight after the movie.
50 Cent’s Net Worth, House, & Bankruptcy Claims
Anyone who follows 50 Cent must be aware of the hullabaloo over the rapper’s million-dollar mansion. 50 bought a 21-bedroom, 25-bathroom pad for $4.1m from boxer Mike Tyson in 2003. It was a matter of a very short period of time before 50 filed for bankruptcy citing debts of $36 million and assets of less than $20 million.
A federal bankruptcy judge approved Jackson’s plan to reorganize his finances and repay creditors. 50 Cent filed for Chapter 11 personal bankruptcy protection on July 13, 2015, under the U.S. Bankruptcy Court for the District of Connecticut, stating over $32 million in debt. The filing came after he was hit with huge fines stemming from two court cases he had lost. The first was against Rick Ross‘ former girlfriend, Lavonia Leviston, whom 50 was ordered to pay $5 million for breaching her privacy by intentionally posting sex videos of her online without her permission (PS: There’s been a feud between 50 and Rick Ross since 2008).
The other was against his former business partner Sleek Audio, who accused the rapper of stealing the design and technology secrets from them which he used to launch his own company as a competition to theirs. As a result, the court ordered 50 to pay them $17.2 million. That brought his total damage fees to $22.2 million. On the Sleek Audio case, 50 claimed that his lawyers had handled the case wrongly, he eventually filed a $75 million lawsuit against his own lawyers.
While it was perceived that the bankruptcy filing was a defensive mechanism to prevent him from paying the damages, 50’s lawyers claimed that he actually needed time to reorganize his finances. In the bankruptcy statement, 50 declared assets worth $10 – $50 million while swearing under oath to have a net worth of $4.4 million. He also declared debts owed to his fitness instructor, barber, and stylists.
After a year-long court battle, 50 in July 2016 finally reached a settlement that would pay a total of $23.4 million to his two creditors in the space of 5 years. He then sought to let go of his million-dollar Connecticut mansion in a bid to settle his debts. The 50,000-square-foot mansion was originally listed at $18.5 million in 2015, but Jackson dropped the price significantly to $8.5 million, which is less than half of 50’s original listing price.
The 50,000 square-foot home had been a huge financial burden for the bankrupt 50, costing around $70,000 per month to maintain since there are also 9 kitchens, an outdoor infinity pool, and grotto, an indoor pool, a helicopter pad, casino, nightclub, basketball courts, and pond.
Interesting Facts About 50 Cent’s Sons, Wife and Baby Mamas
Knowing that 50 Cent is a father often raises questions about his marital status so just to clear that, the entertainer is not and has never tied the knot with anyone even though he has fathered two sons with two different women named Shaniqua Tompkins and Daphne Joy. Though his association with both women never ended at the altar, he still maintains an amicable relationship with the latter and is very much present in their son’s life but the same cannot be said of his relationship with the mother of his first child and her son. Details of this aspect of the musician’s life are discussed below.
50’s Relationship With His Baby Mamas
50 Cent and Shaniqua Tompkins started dating in 1995 when he was newly paroled, without a job, and an aspiring rapper. They eventually broke up in 1998 after they welcomed their son, Marquise Jackson, on October 13, 1997, but their relationship remained good.
Their breakup was followed by a long custody battle over their son which eventually ended in October 2008 after they were finally able to reach an official arrangement. Although one of the rapper’s original requests was to be allowed to see his son two weekends monthly, their final agreement allowed him only one weekend in addition to sharing holidays and vacations with Shaniqua. That notwithstanding, Fifty was okay with the arrangement and happy that the battle had come to an end.
Just after the custody fight ended, the duo’s relationship became sour after another war erupted between them when Shaniqua sued 50 Cent for $50 million (half of the rapper’s assets) over a verbal promise she claimed he made to her saying he would take care of her for life. Additionally, Shaniqua Tompkins also claimed that the star rapper promised to give her his Long Island home, which, unfortunately, was destroyed by fire in May 2008.
However, on February 05, 2009, Justice Carol Edmead of the Manhattan State Supreme Court dismissed the lawsuit, and all other claims Tompkins filed against the rapper, describing the case as “an unfortunate tale of a love relationship gone sour.”
About 50 Cent’s Long Island home where Shaniqua lived with their son, the “In Da Club” rapper tried to evict them in April 2008 unless she was ready to part with a monthly rent of $4,500. 50 later came before a Judge requesting that Tompkins and their son, Marquise Jackson, vacate the house. He also claimed that Tompkins was allowed enough time to find another home but she deliberately made no attempt to move.
In defence, Tompkins filed a breach of contract suit against the rapper on April 2, 2008, alleging that he made a promise to her that he would put the house in her name. Sadly, the fire incident happened and 50’s ex pointed accusing fingers at him, alleging that he set off the fire in order to kill her and their son. For that, she filed for a restraining order against 50 Cent in June 2008 and in response, he slapped her with a $20 million defamation suit, according to People.
Ever since the former couple’s several court cases, their relationship has remained strained. The two have been involved in numerous public fights on social media with most of these altercations taking place on Twitter and Instagram.
Born in Olongapo, the Philippines on February 8, 1987, with the full name Daphne Joy Cervantes Narvaez, 50 Cent’s second baby mama is the daughter of a Filipina mother and a Puerto Rican father. She can be described as a bundle of talents. She is an actress, recognized for her roles in a number of on-screen works such as Pirates of the Caribbean: On Stranger Tides, Frankenhood, and Setup among others. In addition to acting, she is also a swimsuit and lingerie model, fashion designer, and a TV personality.
At the age of seven, Daphne’s parents moved their family to Los Angeles and there, she was opportune to developed her skills. She took part in several activities, including singing in a choir, dancing, and acting in the theatre and at school, she was part of a cheerleading group. Her career eventually went off the ground when at age 17, Daphne began her journey as a fashion model. It was not long before she caught the eyes of top designers and began making appearances on popular magazine covers, earning a level of popularity.
The model became even more popular following her romantic involvement with 50 Cent, which kicked off in 2011. The following year, their relationship moved to another level when Daphne became pregnant with the Get Rich Or Die Tryin’ hitmaker’s second son, who was born later in 2012.
In 2013, the couple’s relationship attracted negative media attention when the rapper was slammed with charges of domestic violence and vandalism after it was alleged that he had broken into Daphne’s home in Toluca Lake, California. Not only that, but he also kicked her, causing damages to her properties, including chandeliers, furniture, a TV, and a lamp, all worth $7,000 (£4,600). Fortunately for 50, he was able to wriggle out of going to jail after he entered a plea bargain with prosecutors over the case.
By the next year, being 2014, news that the couple had broken up emerged. However, despite not being together anymore, the duo has been able to maintain a civil relationship for the sake of their son with whom they sometimes spent time as a family.
The Rapper and His Sons
On October 13, 1996, Jackson became a father for the first time when his now ex-girlfriend, Shaniqua Tompkins, gave birth to his first son, Marquise Jackson. Like every new dad, 50 shared a very strong bond with his son who witnessed him recording his debut album, Get Rich or Die Tryin’, right in their living room. For the love he had for his son, 50 Cent also tattooed Marquise’s name on his right bicep. While the rapper and Marquise’s mother were engaged in a custody battle following the fire incident that destroyed his (50 Cent’s) home where the then-11-year-old Marquise and his mother lived, 50 Cent said that being unable to see his son was “the toughest, because he’s my motivation.”
According to the rapper, the arrival of Marquise brought about a change in his priorities because he wanted to share with him the kind of relationship he never had with his own father. Later on, Marquise revealed in an interview with Rap-Up that “Growing up, my dad was my superhero…” Sadly, that is no longer the case as the relationship between the father and son has been rocky for some years now, partly as a result of the rappers fallout with the young man’s mother, Shaniqua Tompkins.
During the feud between 50 and Tompkins in spring 2008 over the fire incident, the former opened up to MTV News about how it was beginning to take a toll on his relationship with Marquise Jackson. By 2012, Marquise was already refusing to see his father, according to reports and for that, the “In Da Club” artist blamed Shaniqua Tompkins as he believed that she was responsible for turning his son against him. In line with this, 50 Cent while speaking in an interview with Philly’s Morning Show with Shamara and Laiya, alleged that Marquise “embraced his mom’s perspective on me,” and that destroyed their relationship.
On the contrary, Shaniqua made a counter allegation against the rapper, blaming him for abusing their son mentally. Bringing the fight on social media at the time, she wrote, “You don’t have a relationship with my child because you choose not to, you want to bully him, threaten him, and talk about his mother in a disparaging manner”. Continuing, Shaniqua said, “I don’t try to mentally abuse my son like you do! I don’t talk about you your actions speak for themselves. Who threatens to shoot their son on Instagram?”
The bad blood between the rap king and his son has continued over the years with the pair dissing each other on social media at the slightest opportunity. It eventually reached its peak in 2019 when 50 Cent publicly disowned Marquise in front of at least 24.5 million people (on Instagram). This happened after a fan who spotted Marquise in the audience as he watched his father perform at the Barclays Center in Brooklyn, New York, criticized the rapper for not giving his son backstage passes. In response 50 Cent wrote, “I got a blood test, that’s not my kid…”
On September 1, 2012, the rap king and his then-girlfriend, Daphne Joy, welcomed their first child together and 50’s second son named Sire Jackson. The Rapper had made this known when he shared several intimate snaps of his son Sire on social media. At the age of two years, Sire modeled for Kidz Safe, a headphone brand for kids, earning $700,000 through his contract.
Thanks to his amicable relationship with Sire’s mother, the Candy Shop” rapper is quite close to the little man and never fails to celebrate him on his birthday. On his 7th birthday in 2019, 50 Cent, together with Daphne, threw Sire a Roblox themed birthday party in Los Angeles. The event was attended by several celebrity kids such as Royalty Brown, daughter of Chris Brown.
Later in September, 50 got his son a diamond-encrusted chain that had Sire’s name spelled out in capital letters. He posted a picture of the chain that is said to be sold around $50,000 on Instagram on September 22nd, captioning it, “SIRE Little BOSS DRIP.”
Also, in March 2020, 50 Cent performed his daddy duties over the Easter Weekend as he marked the event with his son Sire. He posted a number of heart-melting pictures of them on Instagram as he obviously enjoyed his time with his child, cooking and hunting for Easter Eggs amidst the bitter feud he had going on with his eldest son Marquise Jackson at the time.
|Last Name:||Jackson III|
|Estimated Net Worth:||$30 million|
|Source of Wealth:||Music career, film production, acting, businesses such as his boxing promotion company SMS Promotions, real estate, and stocks and bonds|
|Also Known As:||Interscope, Fiddy, Boo Boo, 50 Cent|
|Profession:||Rapper, actor, producer, and entrepreneur.|
|Famous For:||His bodybuilder physique, outstanding rapping skills, musical exploits and appearance in numerous movies.|
|Colleges/Universities Attended:||Andrew Jackson High School in Cambria Heights, Queens|
|Educational Qualifications:||Dropped out|
|Birthday & Zodiac
|Age/Date of Birth:||July 06, 1975|
|Birth Place:||The borough of Queens, New York City|
|Country of Residence: ||America|
|Height:||In feet: 6 ft
In centimeters: 183 cm
|Weight:||In kilograms: 94 kg
In pounds: 207 lbs
|Eye Colour:||Dark brown|
|Other Body Measurements:||Chest – 49 in ches,
Arms / Biceps – 17 inches, Waist – 34 inches
|Spouse/Partner:||Jamira Haines (also known as Cuban Link)|
|Family and Relatives
|Children:||Sons, Marquise Jackson (born October 13, 1996) and Sire Jackson,(born September 1, 2012)|
|Other Relatives:||Beula (Maternal grandmother)|
Trivia Questions and Answers
50 Cent was shot nine times during the year 2000 incident that happened outside the home of his grandmother in Queens, New York. He was shot in his legs, hands, and face.
Following the shooting incident which almost claimed the life of rapper 50 Cent, it was later revealed that his shooter was Darryl Baum, a close friend and bodyguard of boxing legend, Mike Tyson.
50 Cent is not and has never been married. However, he has two sons from his relationship with two different women. He is currently in a relationship with Jamira Haines (also known as Cuban Link), a law student and fitness trainer.
The rapper's real name is Curtis James Jackson III, however, he decided to go by the nickname "50 Cent" as a metaphor for change. He was motivated to adopt the name after Kevin Martin, a 1980s Brooklyn robber known as "50 Cent" as a result of the similarity between his life and that of Kelvin. According to the rapper, he is the same kind of person the robber was- willing to do anything just to make ends meet.
Even though rappers 50 Cent (born Curtis James Jackson III ) and Ice Cube (born O'Shea Jackson) share the same last name, they have no biological relationship.
50 Cent's attorney who was working with Paul Rosenberg, Eminem's manager, gave Eminem Cent's Guess Who's Back? CD to listen to in 2002. Impressed, Eminem invited 50 Cent to Los Angeles where he introduced him to Dr. Dre.