50 Cent Net Worth: Why He sued for Bankruptcy?

Net Worth

50 Cent Net Worth 2022 (thetoughtackle.com)


Are you curious to know about 50-cent’s net worth, early life, career, deals, and endorsement?

After reading this article you will beware about 50 cent life and net worth.

So let’s start…

50 Cent (Curtis James Jackson III) was born in Queens, New York City, on July 6, 1975. Sabrina, a drug dealer, and his mother, raised him in the South Jamaica ghetto. Jackson was merely eight years old when she died. 50 Cent was raised by his grandma thereafter. After school, he began dealing drugs at 12 years old.

In the tenth grade, he was jailed after metal detectors at his high school discovered him attempting to smuggle in firearms and drug money. In 1994, he was caught selling cocaine to an undercover police officer, and he was detained a third time after a search of his residence discovered heroin, crack cocaine, and a firearm. He attended boot camp for six months and received his GED.

Net Worth of 50 Cent

Net Worth: $40 Million
Date of Birth: Jul 6, 1975 (47 years old)
Gender: Male
Height: 6 ft (1.83 m)
Profession: Businessperson, Actor, Investor, Film Producer, Rapper, Screenwriter, Entrepreneur, Songwriter
Nationality: United States of America


50 Cent Net Worth: Why He sued for Bankruptcy?50 Cent is a rapper, producer, actor, and entrepreneur from the United States. At the time of writing, According to Celebritynetworth, 50 Cent is worth $40 million. 50 Cent has made at least $260 million throughout the course of his career, primarily from selling recordings, touring, and multiple brand collaboration deals.

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Unfortunately, his extravagant spending (particularly on real estate, automobiles, and lawsuits) led him to file for Chapter 11 bankruptcy in July 2015. This post will elaborate on this file in further detail later on. Prior to his bankruptcy, 50 Cent’s worth exceeded $100 million at its height.

Early Career and Shooting

Jackson’s controversial underground rap hit “How To Rob” helped him achieve a low-key rise in prominence. In May of 2000, he was wounded and hospitalized while preparing to release the Destiny’s Child song “Thug Love.” A shooter had struck him outside his grandmother’s home in Queens. 50 Cent was wounded in the hand, arm, hip, both legs, chest, and left cheek by an assailant (alleged attacker Darryl Baum, who was Mike Tyson’s bodyguard) who fired nine rounds.

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The assailant was eliminated three weeks later. 50 Cent was hospitalized for thirteen days, during which he inked a publishing contract with Columbia Records. However, Columbia dismissed him when he attempted to release the song “Ghetto Qu’ran.” In addition to being banned by the United States recording business as a whole, he traveled to Canada to record songs for mixtapes in order to increase his profile. He released the mixtape “Guess Who’s Back?” in 2002.

Road To Fame

50 Cent Net Worth: Why He sued for Bankruptcy?

Eminem first found Jackson in 2002. Jackson was invited to Los Angeles to see Dr. Dre after Eminem was so thrilled with “Guess Who’s Back?” 50 Cent received a $1 million record contract and released “No Mercy, No Fear.” The soundtrack of Eminem’s film “8 Mile” includes a 50 Cent song. “Get Rich or Die Trying,” 50 Cent’s 2003 first album, debuted at No. 1 on the Billboard charts and sold almost a million copies in its first four days of release.

In just one week, the lead single “In Da Club” became the most-played song in the history of radio. Interscope promptly granted 50 his own label, G-Unit Records. Jackson’s third album, “The Massacre,” was released in March 2005. It was another massive hit, selling 1.14 million copies in its first four days and remaining at the top of the Billboard charts for six continuous weeks.

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His third album, Curtis, was released in 2007 and debuted at No. 2 on the Billboard 200. The fourth album, “Before I Self Destruct,” was released in November 2009. His fifth album, “Street King Immortal,” was not released until November 2012 due to disputes with his record label. His studio albums have sold over 21 million copies to date.

Deals and Contract

  1. Vitamin Water Deal

  2. Effen Vodka Deal

  3. Starz Deal

Personal Life

50 Cent and his ex-girlfriend Shaniqua Tompkins have a baby. The birth of Marquise Jackson occurred in October 1996. Tompkins later filed a $50 million lawsuit against Jackson, which was dismissed. Many times, the two have engaged in a fight via social media.

50 Cent Net Worth: Why He sued for Bankruptcy?

In 2005, after fellow rapper Kanye West attacked President George W. Bush for his poor reaction to the Hurricane Katrina crisis, 50 defended Bush. Later, in 2008 and 2016, Jackson endorsed Barack Obama and Hillary Clinton. Despite the content of many of his songs, Jackson does not consume alcohol or drugs.

After strolling through Cincinnati International Airport in May 2016, Jackson harassed and insulted an airport cleaner by accusing him of being under the influence. As it turned out, the janitor was a teenager with autism and hearing loss. The video went viral, and the teenager’s parents sought to sue 50 Cent. They settled for a $100,000 gift to Autism Speaks and an apology from 50 Cent.

50 Cent got sued for Bankruptcy

The Wall Street Journal reported on July 13, 2015, that 50 Cent has filed for Chapter 11 bankruptcy protection. Because 50 is a resident of Connecticut, the petition for bankruptcy was filed with the US bankruptcy court in Hartford, Connecticut.

At the time of the filing, 50 resided at the former house of Mike Tyson at 50 Poplar Hill Dr, Farmington, Connecticut 06032. In the statement, 50 Cent listed assets worth between $10 million and $50 million. He claimed to have equal amounts of debt.

The petition came days after a jury ordered 50 to pay Rick Ross’ ex-girlfriend Lavonia Leviston $5 million for the deliberate release of a sex tape featuring her. The decision included $2.5 million for unauthorised use of her picture and $2.5 million for mental damage. In that case, the court also ordered Mr. Jackson to provide documentation of his income and wealth so the jury could calculate further punitive damages.

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