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  • Afrotech

    With A Reported $40M Net Worth, 50 Cent Says He Is In No Rush To Become A Billionaire

    By Samantha Dorisca,

    22 hours ago
    https://img.particlenews.com/image.php?url=3cVm8l_0uzKGXal00 50 Cent is in no rush to join the billionaires club.

    His Empire

    The rapper-turned-entrepreneur has experienced massive success that dates back to his first studio album, “Get Rich or Die Tryin” in 2003. Living by example, 50 Cent’s empire has grown in numerous ways. With more than two decades in
    music and the entertainment sector, 50 Cent still collects major revenue as an artist. Business Insider reports 50 Cent said he earns between $900,000 and $1 million per show. This is without releasing an album since 2014. “I get the attention that I want from music when I want it,” 50 Cent said, according to the outlet. He has also diversified his portfolio through ventures including his premium wine and spirits company, Sire Spirits, which boasts several multi-year partnerships with NBA teams including the Sacramento Kings, Houston Rockets, and Indiana Pacers, among others. He has made some great
    business moves as well through investing, such as acquiring a minority stake in Vitaminwater, which led to a reported $100 million payday. Furthermore, he has proven to be dominant in television and film through the release of the popular STARZ TV series “Power,” which concluded after its sixth season in 2020. The series led to several spin-offs including “Power Book II: Ghost,” “Power Book III: Raising Kanan,” and “Power Book IV: Force.” What’s more, these shows were created and produced by 50 Cent’s G-Unit Film & Television, which launched in 2005, notes Billboard.

    Reported Net Worth

    In light of 50 Cent’s moves over the years, his net worth reportedly sits at $40 million and at its peak reached more than $260 million, as
    AFROTECH™ previously reported.

    Reaching Billionaire Status

    When considering reaching the billionaire mark, 50 Cent does not see a “rush.” “I’m not sure I’m in a hurry to reach that because I’ve reached a point where I don’t have anything that I want that I don’t have. So, I don’t know what the rush is to get to that point,” 50 Cent tells Us Weekly. “When you already — look, I bought every car that I wanted two or three times bought them, put them back. The newer versions came, put it back… and that’s just the success from ’03.”

    50 Cent adds that rather than focusing on the allure of reaching “billionaire” status, the focus should be on helping out the community.

    He later added, “Financially when you get to that point, you got to figure out how to put it back. Y ou got to figure out what are you doing as a philanthropist. This is when you start building legacy. You start doing things that are a little more sophisticated because people remember people who helped.”

    50 Cent has recently opened a 985,000-square-foot studio that will be the home of a G-Unit Film Division in Shreveport, LA. The studio will not only support creatives but will lead to more jobs for locals.

    “He wants to employ as many people from Shreveport as possible. But, of course, you have to be qualified,” Councilman Alan Jackson said, per KSLA-12.

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