50 Cent

50 Cent Profile Summary

50 Cent's Net Worth in 2024: $40 Million

American rapper Curtis Jackson, also known as 50 Cent, is one of the most influential figures in the 21st century hip hop scene. He was born and raised in a very difficult environment, having lost both of his parents by age 8, and growing up as a drug dealer. By the age of 19, 50 Cent had been sentenced to 3-to-9 years in prison for charges related to drug dealing, but spent six months in a bootcamp instead. He began rapping in the 90s, before releasing his first album in 1998 and successfully reaching stardom in 2003 with his album “Get Rich or Die Tryin’”, one of the most influential hip-hop records of all time.

The only thing that I'm scared of is not livin' up to the expectations of Dr. Dre and Eminem

What Does 50 Cent Do?

50 Cent is a rapper, songwriter, actor, television producer, and businessman. He has released five studio albums throughout his career, selling over 30 million copies worldwide and with an estimated net worth of $40 million. Get Rich or Die Tryin (2003) and The Massacre (2005) are his two most successful records ever, selling a combined 21 million copies between the two of them.

Before the release of his first album, he famously got shot nine times in the year 2000 as he was near his grandmother’s house. He signed a record with Columbia while recovering at the hospital, but got blacklisted from the music industry after the release of a controversial song, until Eminem heard his “Guess Who’s Back?” single and introduced him to Dr. Dre.

He has ventured far beyond the music industry during his years of fame. After the release of his second album in 2005, 50 Cent launched “G-Unit Records”, his own music label. He is involved in multiple ventures that include acting, production, and investing in different ventures like video games, mobile apps, footwear, liquor, and much more.

He is no longer focused on his music career. He has been more involved in the TV industry and even produced and starred on his own TV show. Still, he performed on the 2022 Super Bowl LVI halftime show, which earned him a Primetime Emmy Award for Outstanding Variety Special.

How Did 50 Cent Get Rich?

Curtis Jackson got rich thanks to his music, even if he has managed to venture far beyond the scope of the rap world as the years have gone by. The success that his first two albums had made him a multimillionaire. He built up his fortune by investing in different ventures.

He is said to have a massive business empire consisting of different privately controlled companies, stock options, properties, and more. He has also invested in mining and heavy metals, and he has partaken in marketing activities.

Bankruptcy

He was always into gambling and is known to have made some high-stakes bets over the years, but that never caused him any real financial problems. Due to legal and financial problems, he was forced to file for bankruptcy. This was mainly caused by two issues:

• Sleek by 50: Jackson invested over $2 million on his headphone brand, but he was accused of stealing the design of the headphones by an ex-partner. After being sued, the court ruled in favor of his partner and told 50 Cent to pay him $17.2 million in damages.
• Lastonia Leviston lawsuit: Jackson released a sex tape of Rick Ross’ girlfriend, Lastonia Leviston, with another man. Leviston sued Jackson with the court ruling in her favor, which meant 50 Cent was forced to pay $7 million in damages to the woman.

He filed for bankruptcy in 2015, with an outstanding debt of $32,509,549.91.

How Does 50 Cent Like to Gamble?

When 50 gambles, he does it big. As is the case with many other celebrities, he likes to place extravagant wagers. He takes risks, and even though he has admitted that gambling is a problem for him, there isn’t much information disclosed about how he gambles.

His famous $1,000,000 Superbowl bet is just one of many sports betting events in which he has put some serious money on. He placed a $1.6 million bet on the famous Pacquiao vs Mayweather fight, although it is undisclosed how much money he made from the win.

What’s the Most He’s Ever Won Betting on Sports?

It is unclear how much money he has won betting on sports and other endeavors, as this isn’t his main source of income. However, no big losses have ever been reported. His $1 million bet on the 2012 Superbowl is his biggest ever reported win.
How Does 50 Cent Spend His Money?

After recovering from bankruptcy, he has continued investing in different endeavors. These are some of the main ways in which he spends his money:

• On a personal level, 50 Cent owns real estate and several luxurious buildings and homes, as well as multiple high-end cars. He also buys designer clothing, jewelry, and expensive accessories
• Business investments that include all of the aforementioned and other multi-million dollar investments, many of which have paid off, such as the Vitamin Water investment that turned out to be highly profitable when the company was sold to Coca-Cola.
• Jackson is involved in a philanthropic initiative to feed one billion starving people in Africa.

Gambling Stats

• Biggest Win: One of his most famous wagers, and arguably his biggest win, was when he won $500,000 on a bet he placed on the New York Giants vs the San Francisco 49ers back in the 2012 NFL playoffs. He went double or nothing for the Superbowl, where he bet $1 million on the Giants to win against the Patriots. He netted a $1 million profit from that bet.
• Biggest Loss: Although he hasn’t reported a big loss on his betting endeavors, he once donated $750,000 to a charity run by Floyd Mayweather after Jackson bet he would do it if Mayweather finished reading a full chapter of a Harry Potter book.

A Rags to Riches Story to Behold
Curtis Jacksons’ remarkable rise to fame after a very rough childhood is a fantastic story of overcoming adversity. His talent and dedication led to success, while the support of rap legends like Eminem and Dr. Dre helped shape his career in the right direction.

As a passionate but not uncontrolled gambler, he is also the living proof that you don’t need to stake all of your money if you’re passionate about wagering.