50 Cent has a total net worth of $16 million.
Let’s take a look at how he made his fortune.
He grew up in a very poor neighborhood without a father, and with a rather absent mother, who trafficked cocaine and was killed at 23 years of age, leaving Curtis at the time eight years old with his grandparents, in a house full of aunts and uncles. He quickly became fond of his cousin Michael Francis, nicknamed “25 Cent” afterwards because he always by his side.
Between boxing fights and drug trafficking, school only played a secondary role. Especially when he was arrested on June 29, 1994, trying to sell cocaine to policeman in plainclothes, followed by the discovery of an automatic rifle and crack at home three weeks later. After negotiating a six-month intensive recovery instead of his assigned nine-year sentence, he decides to change, calling himself 50 Cent, the same as the Brooklyn bandit known in 80s to achieve his ends by all means.
His encounter with Jam Master Jay, the iconic Run-DMC DJ, in 1996 changed everything. He enters the studio for the first time, and Jay teaches him to build a piece, which will influence him enormously for his choruses to come. This allows him to appear on Onyx’s “React” and to record a first album that remains unpublished. He left Jay in 1999, before being spotted by the successful producers Trackmasters, who signed him on Columbia Records and locked him up in a two-week studio session where he came out with thirty-six tracks, from which only half appeared on the semi-official Power Of The Dollar album, in 2000.
Before 50 was able to shoot the video for his “Thug Love” song featuring Destiny’s Child, he was shot nine times in front of his grandmother’s house on May 24, 2000.
Considering himself miraculous, but considered too dangerous for American studios, he goes to Canada with his friend Sha Money XL and records some thirty songs that show up on many mixtapes, including his Guess Who ‘Back? Or 50 Cent Is The Future. A copy of the first CD landed in Eminem’s office, who later invited him to meet Dr. Dre, and signed him a $1 million contract. 50 then recorded “Wanksta” for the 8 Mile movie soundtrack, and the enormous buzz was transformed into huge sales of his first album Get Rich Or Die Tryin ‘, making “In Da Club” the most listened song in the history of radio in a week.
He then created his own G-Unit Records label under Interscope, on which he signed Lloyd Banks, Tony Yayo and Young Buck, all very present on the sequel, The Massacre, which was equally successful commercially. The track “Piggy Bank” takes aim at Fat Joe, Nas and Jadakiss.
With a couple of strategic moves and investments, 50 Cent signs rap veterans, like M.O.P, Mobb Deep, Mase. He also created his own line of shoes distributed by Reebok in November 2003 and launched a grape-flavored drink with Vitamin Water, the “Formula 50” (where he pocketed a nice check on May 25, 2007 when Coca-Cola bought Glacéau, then the holder of the brand). People seem to think 50 cleared $150 million from his venture with Vitamin Water when the reality is other investors had to get paid first and after fees and taxes, he was left with around $60 million which is still an amazing paycheck but far from his previously thought 150 million.
In the past year, 50 has lost a lawsuit to Sleek audio, who claimed 50 stole their designs from, and was ordered to pay $5 million in damages to a woman because of a leaked sex tape, prompting him to file for Chapter 11 bankruptcy. In these filings 50 declared that he had a total of $16 million in assets, about $8 million in property and $7.4 million in various accounts and investments.
All this to say that according to 50 Cent himself and the court documents he filed, he is worth $16 million. Unless he’s hiding something from the law and risking going to jail for a long time, this is as close to the truth that we can get.