Facts of 50 Cent
|Full Name||Curtis James Jackson III|
|Birth Name||Curtis James Jackson III|
|Profession||Rapper, Singer, Actor|
|Birth City||South Jamaica, Queens|
|Relation With||Vivica A. Fox|
|No Of Children||2|
|Date of Birth||July 6,1975|
What Is The Net Worth Of 50 Cent?
Curtis James Jackson III aka 50 Cent is an American rapper, singer, songwriter, actor, television producer, entrepreneur, and investor. Though had a very rough childhood, as he used to sell drugs known as crack and was a victim of the crack epidemic when he was just 12 years old, 50 Cent later turned his fate with hard work and luck.
As of 2020, he has a net worth of $30 million, as per Celebrity Net Worth.
He was interested in music since childhood and officially began his musical career in 2000, he produced Power of the Dollar for Columbia Records. You can read more about his net worth, salary, assets, expenses, tax, charity, and personal details here.
50 Cent’s Net Worth is $30 Million: Income Sources & Earnings
Jackson has an estimated net worth of $30 million. He is worth $30 million but was worth five times that in 2018 when Forbes reported that he was worth $50 million.
As a successful musician, he was able to collect a decent amount of money. According to the PayScale, the average salary of a musician/singer is around $39,984 with a median bonus of $1,036.
Though because of a few bad decisions and loss, 50 Cent lost the almost half of his net worth, he was once one of the richest rappers along with Drake ($150 million), Kanye West ($240 million), Jay-Z ($1 billion). However, all the ups and downs in his life did not hamper his fan followers and he is still counted as one of the popular rappers even in 2019 alongside Eminem, Kendrick Lamar, Lil Wayne, Post Malone, and Travis Scott to name a few.
Jackson’s first important contact was with Jam Master Jay from Run-DMC. Because of his rapping style, Jay released an album for him. However, he was involved in a severe shooting incident and faced multiple injuries.
Soon after his recovery, he began to make several low-budget recordings with a crew G-Unit. Since then he has been working on his songs and has released 6 studio albums with 2 collaborative albums as of 2019.
List Of His Albums And It's Sales:
|Albums||Release Date In The USA||Sales|
|Get Rich or Die Tryin'||February 6, 2003||USA: 8,400,000|
|The Massacre||March 3, 2005||USA: 5,360,000|
|Curtis||September 11, 2007||USA: 1,336,000|
|Before I Self Destruct||November 9, 2009||USA: 512,000|
|Animal Ambition||June 3, 2014||USA: 124,000|
|Street King Immortal||To Be Released||To Be Released|
You Might Not Know: He earned his G.E.D. in jail when he served time for selling drugs at the age of 12.
Movies & Television Shows
Furthermore, Jackson has also landed his career on acting. He made debut as Marcus “Young Caesar” Greer in 2005, movie Get Rich or Die Tryin’. Until now he has appeared on numerous movies including Home of the Brave, Righteous Kill, 13, Gun, Twelve, Morning Glory, Setup, Freelancers, and many more.
According to the source, the average salary of an actor is around $50,301 with a median bonus of $1,031. Besides movies, he has also appeared on many television series. Some of his roles include in The Howard Stern Show, The Simpsons, The View, Flavor of Love, Diary, America’s Next Top Model, 50 Central and many more.
Here are his filmography and its box office collection:
|Albums||Budget||Box Office Collection|
|Get Rich or Die Tryin'||$40 million ||$46.4 million|
|All Things Fall Apart||$7 million||-|
|Den of Thieves||$30 million||$80.5 million|
|Righteous Kill||$60 million||$78.4 million|
Besides singing and acting, he also runs his own business.
|G-Unity Foundation Inc.||Founder|
|SMS Audio||CEO and Founder|
|SMA Promotions||CEO and Founder|
|Effen Vodka||Former minority shareholder|
50 Cent’s Earning & Financial Data.
|He signed a contract with Aftermath Entertainment in 2001.||$1,000,000|
|Jackson’s estimated earnings from Get Rich Or Die Tryin’ Album Sales (15 Million Copies in 2003)||$21,500,000|
|Reebok International Deals in 2004 (Sponsorship)||$20,000,000|
|Income generated from fashion, entertainment, and beverage sponsorships and deals in 2004.||$50,000,000|
|Ticket Sales of G-Unit tour in 2005.||$4,700,000|
|Ticket Sales of Anger Management 3 tour in 2005.||$21,600,0000|
|Estimated earnings from The Massacre Album Sales (5.3 Million Copies in 2005)||$7,000,0000|
|Earning in 2006||$32 million|
|Estimated earnings from Curtis Album Sales (1.468 million copies in 2007.||$2,8000,000|
|Earning from the sale of his mansion||$18,500,000|
|Estimated earning made in sales of his stake in Glaceau which was purchased by Coca Cola for $4.1 billion.||$100,000,000|
|Earning in 2008||$150 million|
|Earning in 2009||$20 million|
|Earning in 2010||$10 million|
|Earning resulting from the increase of his penny-stock in 2011||$8,700,000|
|Earnings from endorsing companies through Twitter in 2011||$10,000,000|
|The value of his mansion at Farmington Connecticut||$4,100,000|
When Coco Cola purchased Glaceau for $4.1 billion, Jackson who was a minority shareholder, earned about $100 million from the deal after taxes. Later in 2010, when G-Unit Films folded, he focused on Cheetah Vision and the company obtained $200 million in funding. In 2014, he signed a $78 million deal with FRIGO Revolution Wear which is a luxury underwear brand.
Furthermore, he revived $100,000 for his work in the movie Southpaw and $50,000 for appearing in Spy. While he made his appearance on the Starz television show Power, he received $20,000 per episode and $15,000 bonus for serving as the show’s executive producer.
Jackson also makes some decent amount of money via social media. Per the sponsored post on his Instagram account, he makes around $45,283 to $75,471. Furthermore, from his YouTube channel, he makes about $1.5k to $24k monthly where he makes $18k to $288.5k yearly.
On July 13, 2015, Jackson filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Connecticut with a debt of $32,509,549.91. Later the Court issued an order allowing a creditor to proceed with the punitive damages phase of a trial against Jackson in a New York State Court.
Jackson’s assets were listed as between $10 million and $50 million in debt, though he testified under oath that he is worth $4.4 million. His bankrupt filing states that he owns seven cars which worth more than $500,000. Talking about his expenses, he spends about $108,000 a month including $5,000 for gardening along with a monthly income of $185,000.
Furthermore, after the filing, the jury ordered him to pay $5 million to Rick Ross’ ex-girlfriend, Lavonia Leviton for intestinally releasing a sex tape of her.
50 Cent’s Assets, Charity, Tax, Insurance, Lifestyle & Expenses
Jackson is a multi-millionaire so there is no doubt that he has lived his lavish life. He used to live in an $18.5 million worth mansion which has about 52 rooms. However, the house was sold at an 84% discount after 12 years. The house was brought by Jennifer Leahy of Douglas Elliman at $2.9 million.
Further, he also drives many luxury cars and a bike which includes Chevrolet Suburban ($51,095), White Lightning (Custom Car), Speed Racer (Concept Car), Maserati Mc12 ($800,000), Rolls-Royce Ghost ($528,220 – $607,090), Lamborghini Murcielago (cost $134,074 to $539,326), Ferrari Enzo ($670,000), Ferrari FF ($295,000), Range Rover ($89,000), Suzuki Kizashi Sport ($5,700), Dodge Sprinter, 1965 Chevy Impala ($2,661), Bugatti Veyron ($1.2 Million) among others.
Other vehicles he owns are:
|Bentley Mulsanne||$310,395 - $400,000|
|Ferrari 599GTB Fiorano||$330,000|
|Pontiac G8||$28,250 to $35,917|
Jackson runs his own nonprofit public foundation called G-Unity Foundation Inc. Their main goals of the charity are to emphasize the critical importance of supporting, academic institutions, to support nonprofit organizations that focus on the academic enrichment of a child and to support after-school activities.
Furthermore, after he sold his $18.5 million worth house at $2.9 million. He donated all the money for G-Unity Foundation.
Some other charities that he has collaborated with are G-Unity Foundation, LIFEbeat, New York Restoration Project, Orca Network, Shriners Hospitals for Children etc.
He also supports causes like AIDS & HIV, animals, at-risk/disadvantaged youths, cancer, children, conservation, environment, health, poverty, veteran/service member support among others.
Tax & Insurance
Talking about tax, he pays about $10,891,497 for Federal, $722,133 for FICA, $2,508,606 for State and $1,160,259 for Local Tax. When he was living at his $18.5 million worth house, he payed about $356,125 for the property tax.
Furthermore, he drives both a car and a bike and for car insurance, he pays about $8,556 per year while he pays $519 for motorcycle insurance.
Fact: He began boxing at the age of 11, and when he turned 14 a neighbor opened a boxing gym for local youth.
50 Cent’s Personal Details: Age, Family, Education & Married Life
Curtis James Jackson III was born on July 6, 1975, in South Jamaica, Queens of New York under the birth sign of Cancer. He was born to Sabrina Jackson, a drug dealer who died in a mysterious fire. After the death of both parents, he was raised by his grandmother. He attended Andrew Jackson High School.
Interesting Fact: He was raised by his mother, Sabrina, who gave birth to him when she was fifteen.
Marriage And Children
At the moment, he is the father of 2 children, however, he is not married. While he was in a relationship with Shaniqua Tompkins in the 1990s, she gave birth to their first son Marquise Jackson on October 13, 1996. In an interview, he said:
“When my son came into my life, my priorities changed, because I want to have the relationship with him that I didn’t have with my father.”
However, his relationship could not last for long and got separated. After their separation, Jackson began to date Daphne Joy with whom he welcomed his second son Sire Jackson. His relationship with Daphne also could not last for long and separated on September 1, 2012.
At the moment, he is dating Vivica A. Fox and they have been also featured in the various cover of the magazine as the most liked couple.
Age And Height
As of 2019, he is at age of 44 and stands at the height of 6 feet or 182cm.