50 Cent Net Worth 2020

50 Cent, also known as Ferrari, F-50, was born on 6 July 1975 in Queens, New York City. He has garnered an enormous name in the entertainment industry. Recent years have been harsh for the star as he went on to be bankrupt and lose primary of his earnings. He is a well-known Singer, Rapper, and investor having his source of income from it.let’s find out more about how much is 50 Cent Net Worth!

Early Life & Biography

50 Cent Net Worth

50 Cent Net Worth

Curtis Jackson, aka 50 Cent, was born to a drug dealer, Sabrina, in Queens in New York City. He was raised in South Jamaica, but soon his mother died in a fire broke out when he was just 8. His father also left Curtis to be raised by his grandmother.

At an early age of 11, Curtis started boxing and spent most of his time in the gym after he was 14. He was not much interested in studies in school and became a drug dealer as well.  When he was in the 10th, he got caught and was arrested.  In 1994 he was again arrested for drug dealing and was sentenced to 3-9 years of jail. He was in boot camp for six months and then came out being 50 Cent. The name was inspired by the Kelvin Martin book‘s robber named 50 Cent as he connected with the character.

Personal Life

Jackson’s personal life has not been perfect. He had a very rough childhood, as he was involved in drug dealing at a very early age of 14. When he was 21, he dated Shaniqua Tompkins, with whom he has a son named Marquise. But Shaniqua sued him, and their feud was evident on their social media handles as well. Jackson later dated Daphne Joy and had a son with her as well named Sire. He is rumored to be dating Jamira Haines as of now.

Jackson, who has been arrested several times for drug dealing, has himself never been under the trap of drugs or alcohol. In 2015, 50 Cent filed for bankruptcy, citing debts of $36 million.

Career

50 Cent went on to pursue a music career from the year 1998. He started with rapping at his house’s basement. He was guided by Jam Master Ray, who taught him to write, create chorus, and rap. His first album was “Shut ‘em Down,” presented by Oynx.

In the year 1999, Columbia Records signed 50 Cent and released his first album “Power of the Dollar.” His single “How to Rob” was a turning point in his life as DMX, Jay-Z, and others noticed him. But the very same year he was shot outside his home repeatedly for nine times. It was a miracle that he was saved and took only six months to recover.

In 2002, Jackson returned with the album “Guess who’s back,” which lead to his discovery by Eminem.  Shady records later signed him. He then went on to become one of the best rappers in the industry with albums Get Rich or Die Trying, The Massacre, Street King Mortal, Animal Ambition, and Curtis in his kitty.  Has done a few collaborative albums as well.

Curtis Jackson made his acting debut as himself in “Get Rich or Die Trying,” and since then there was no looking back. His last movie was released in 2019, Escape Plan: the Extractors.

Awards & Achievements

50 Cent has been a highly recognized rapper in the entertainment industry. Although his graph has seen various ups and downs, he has achieved several accolades and recognitions. They are:

  • BET Awards for the Best New Artist (2003)
  • American Music Awards for the Favorite Rap/Hip-Hop Male Artist (2003)
  • BRIT Awards for the International Breakthrough Artist (2004)
  • World Music Awards for the world’s Best Selling Pop Male Artist (2003, 2005)
  • Billboard Music Awards for theTop Hot 100 Artist (2005)
  • BET Hip-Hop Awards for the Hustler of the Year (2007)

Grammy Awards for the Best Rap Performance by a Duo or Group (Crack a Bottle, 2010)

Net Worth & Salary of 50 Cent

50 Cent has an estimated net worth of $30 million. This is five times less than his net worth in 2018 was $150 million. Because of bad investment decisions, he suffered huge losses, and although being successful, he stands at $30 million as on date. Apart from singing and acting in movies, 50 Cent has his ventures adding to his revenues. The Coca Cola deal with Glaceau of $4.1 billion earned him $100 million as he was a minor shareholder.

Jackson signed a $78 million deal with a luxury Underwear company named FRIGO Revolution wear. His other earnings are:

  • $1,00,000- Southpaw movie
  • $50,000- Spy
  • $20,000 per episode for Power
  • $45,000-$75,000 per Instagram Post
  • $200k approx. yearly with his Youtube Channel

Apart from this, 50 Cent had an $18.5 million value of a mansion having 52 rooms, which were sold at a meager $2.9 million. Jackson is the owner of 7 luxurious cars having worth of over $5, 00,000.  His monthly expenditure is said to be $1, 08,000, whereas he earns $1,85,000 monthly.

Jackson is a philanthropist and runs his charitable organization named G Unity. The money he received from the sale of the mansion, $2.9 million was donated in his foundation.  He filed for bankruptcy in 2015.

50 Cent led a lavish lifestyle and built a huge mansion as well. But due to individual wrong financial decisions, his net worth has boiled down to be less than many of the rappers in the industry. Still, his fans love him and are a lover of his hard-core rap style.