Not too long ago 50 Cent was one of the richest rappers in the hip hop industry, second only to billionaire, Jay-Z. Columbia Records signed 50 Cent, now 43, in , before canning his first album Power of the Dollar after he was involved in a shooting. Source:News Corp Australia. The attacker walked up and fired nine shots at close range with a handgun. When he left the hospital he stayed with his girlfriend, Shaniqua Tompkins, and their young son, Marquise Jackson. Using the near-death experience as a means to turn his life around, 50 Cent began recording again when he was discovered by famous rapper Eminem, who signed him to Shady Records. The album, released in , debuted at number one on the Billboard , selling , copies in its first four days. Over the course of his career he has sold over 30 million albums globally and has also picked up a sweep of awards, including a coveted Grammy Award, 13 Billboard Music Awards, six World Music Awards and three American Music Awards. While his music career has been stable ever since he started out, he never quite reached the same heights of his debut album.
How Does 50 Cent Spend His Money?
50 Cent’s Net Worth: His Successful Career
He is not only a rapper but a successful actor and music producer. He is one of the rappers who have seen the peak of their career, and the decline as well, all in a very short period of time. He has seen a decline in his net income as he filed for bankruptcy last year. Like many rappers, 50 cent had a very tough childhood revolving around drugs, guns and everything that is illegal. His childhood was all about buying and selling guns and drugs. He used to sell drugs to his schoolfellows, for which he got rusticated from his school as well, but his drug deals did not end there. He was caught red-handed by a police officer when he was trying to sell cocaine and ice but was released again. The third time is a charm, they say. He got arrested again for keeping guns at his house, under false and illegal pretenses. This time was serious and he got serious jail time for this offense.
50 Cent’s multimillion-dollar deal
You'd think, judging by his rap handle, 50 Cent would not have much net worth. But if you thought that, you'd be wrong. He's come a long way from the drug-dealing street gang kid. But his interest in money hasn't changed much, even though he has more than he ever dreamed of just about a decade ago. Jackson was born in in the borough of Queens, New York, in the neighborhood of Jamaica, to a single mother who, according to his biography on Biography. She died in an unexplained fire when he was eight.
He is known for his rap music and has been one of the most successful and iconic rappers of the s. He has worked with A-list record labels and artists like Eminem and Dr. His mother was a drug dealer who soon passed away in a fire.