BioBusiness

Rugs to Rich :50 Cent

50 Cent (Curtis James Jackson) is an American rapper, actor, producer, and entrepreneur.

He began a musical career and in 2000 he produced Power of the Dollar for Columbia Records, but days before the planned release he was shot and the album was never released. In 2002, after Jackson released the compilation album Guess Who’s Back?, he was discovered by Eminem and signed to Shady Records, under the aegis of Dr. Dre’s Aftermath Entertainment and Interscope Records.

With the help of Eminem and Dr. Dre (who produced his first major-label album, Get Rich or Die Tryin’), Jackson became one of the world’s best selling rappers and rose to prominence with East Coast hip hop group G-Unit (which he leads de facto). In 2003, he founded G-Unit Records, signing his G-Unit associates Young Buck, Lloyd Banks and Tony Yayo. Jackson had similar commercial and critical success with his second album, The Massacre, which was released in 2005. He released his fifth studio album, Animal Ambition, in 2014 and as of 2019 is working on his sixth studio album, Street King Immortal.

Family : 50 Cent

Jackson was born in the borough of Queens, New York City, and raised in its South Jamaica neighbourhood by his mother Sabrina. A drug dealer, Sabrina raised Jackson until she died in a fire when Jackson was 8. Jackson revealed in an interview that his mother was a lesbian. After his mother’s death and his father’s departure, Jackson was raised by his grandmother.

He began boxing at about age 11, and when he was 14, a neighbour opened a boxing gym for local youth. “When I wasn’t killing time in school, I was sparring in the gym or selling crack on the strip,” Jackson remembered. He sold crack during primary school. “I was competitive in the ring and hip-hop is competitive too … I think rappers condition themselves like boxers, so they all kind of feel like they’re the champ.”

At age 12, Jackson began dealing narcotics when his grandparents thought he was in after-school programs and brought guns and drug money to school. In the tenth grade, he was caught by metal detectors at Andrew Jackson High School: “I was embarrassed that I got arrested like that … After I got arrested I stopped hiding it. I was telling my grandmother [openly], ‘I sell drugs.'”

Tragic event of his childhood: 50 Cent

50 Cent was just 8 years-old when his mother died! Sabrina Jackson had him when she was just 15-years-old but was brutally murdered. Many times he speaks about the death of his mother, he said: “Someone put something in her drink and turned the gas on. After that, every time something went wrong I’d think, ‘If my mother was here it wouldn’t be like that.’

Drug dealer to a musician: 50 Cent

Born Curtis Jackson, 50 Cent grew up in South Jamaica, a neighbourhood of Queens, which is a borough of New York City. It is a tough neighbourhood, plagued by gang violence; it is also the birthplace of many rappers, including LL Cool J (1968–) and the female trio Salt N’ Pepa. Fifty Cent was surrounded by violence from the day he was born. His mother, Sabrina Jackson, was only fifteen years old when he was born on July 6, 1976. She turned to dealing drugs in order to support her son, and eventually became one of the most feared drug dealers in Queens. Sabrina was killed mysteriously when her son was eight, perhaps the result of a drug war.

Fifty Cent was raised by his grandmother, whom he adored. However, because she had nine other children in her charge, the boy spent a good deal of time on the streets. By the time he was twelve, he was dealing crack, a strong form of cocaine that is smoked. As 50 Cent explained to Allison Samuels of Newsweek, he had to fend for himself because he did not want to burden his grandmother: “I didn’t want to ask her for a pair of Air Jordans when I knew she couldn’t afford them, so I began working to get my stuff and not stress her out.”

“The bottom line is, the obstacles that you overcome are going to determine how great you are.”
At age fifteen, 50 Cent bought his first gun, and by nineteen years old he was the neighbourhood drug kingpin, bringing in about $150,000 a month. He had dropped out of high school and was spending most of his time in jail; 50 Cent was also listening to his favorite musicians, including KRS-1, Rakim, and Run-DMC, and trying his hand at writing his own rhymes. He dreamed about breaking into the music business but was not sure he should give it a try. When his son, Marquise, was born, 50 Cent knew it was time to make a change: he decided to stop dealing drugs and start making music.

Love for his son : 50 Cent

He loves his son a lot, he just can’t resist to honour all the wishes of his son. This could be seen on his son’s birthday as he was dressing up as the DC Comics hero Cyborg from the animated Teen Titans Go! , he did so at the request of the birthday boy himself: “He said I want daddy to be Cyborg.

Car Crash and gun shots: 50 Cent

The rapper was driving down New York’s Long Island Expressway when the collision occurred, nearly flipping his SUV. The truck driver told police that he lost control of his vehicle.
It’s 50’s most major injury since he was shot at nine times in May 2000. He was approached by a gunman while sitting in a car outside his grandmother’s former home in South Jamaica, Queens. Bullets hit his hand, arm, hip, both legs, chest, and left cheek. The wound to his face shaved off part of his gums and left a hole in between the top and bottom rows of his teeth, causing a small slur in his voice.

He told the media that it happened so fast that he couldn’t react. He added that “You can’t move. Your first reaction is to move and then the shots is going off and you jumping around the backseat. I was scared the whole time. Ain’t nobody going to tell you they ain’t scared in that situation. It’s a hit, man. You supposed to die in that situation. They’re not playing.”
50 spent 13 days in the hospital and five months in physical therapy. The alleged shooter, Darryl Baum, an associate of boxer Mike Tyson, was killed three weeks later.

50 also risked his health in 2010, when he dropped more than 50 pounds over the course of nine weeks to play a cancer-stricken football player in the movie “Things Fall Apart.” He shed the weight by consuming only liquids and working out three hours a day.

Career : 50 Cent

He began a musical career and in 2000 he produced Power of the Dollar for Columbia Records, but days before the planned release he was shot and the album was never released. In 2002, after Jackson released the compilation album Guess Who’s Back?, he was discovered by Eminem and signed to Shady Records, under the aegis of Dr. Dre’s Aftermath Entertainment and Interscope Records.

With the help of Eminem and Dr. Dre (who produced his first major-label album, Get Rich or Die Tryin’), Jackson became one of the world’s best selling rappers and rose to prominence with East Coast hip hop group G-Unit (which he leads de facto). In 2003, he founded G-Unit Records, signing his G-Unit associates Young Buck, Lloyd Banks and Tony Yayo. Jackson had similar commercial and critical success with his second album, The Massacre, which was released in 2005. He released his fifth studio album, Animal Ambition, in 2014 and as of 2019 is working on his sixth studio album, Street King Immortal.

During his career Jackson has sold over 30 million albums worldwide and won several awards, including a Grammy Award, thirteen Billboard Music Awards, six World Music Awards, three American Music Awards and four BET Awards. He has pursued an acting career, appearing in the semi-autobiographical film Get Rich or Die Tryin’ (2005), the Iraq War film Home of the Brave (2006) and Righteous Kill (2008).

Net worth : 50 Cent

50 Cent is an American rapper, producer, actor, and entrepreneur. As of this writing, 50 Cent’s net worth is $40 million. During his career to date, 50 Cent has earned at least $260 million from his various endeavors, notably selling records, touring, and several brand partnership deals. Unfortunately, he has also spent lavishly (especially on real estate, cars, and lawsuits), which caused him to file for Chapter 11 bankruptcy in July 2015. Much more on that filing later in this article. At his peak before the bankruptcy, 50 Cent’s fortune topped $100 million.

Bankruptcy and 50 Cent

On July 13, 2015, the Wall Street Journal reported that 50 Cent had filed for Chapter 11 personal bankruptcy protection. The bankruptcy was filed in the US bankruptcy court in Hartford Connecticut because 50 is a resident of Connecticut.

At the time of the filing, 50 was living in Mike Tyson’s old mansion located at 50 Poplar Hill Dr, Farmington, CT 06032. In the filing, 50 Cent’s reported assets valued in the range of $10 million to $50 million. He claimed to have debts of equal amounts.

The filing was made days after a jury ordered 50 to pay Rick Ross’ ex-girlfriend, Lavonia Leviston, a $5 million judgment for intentionally releasing a sex tape in which she was featured. The judgment was made up of $2.5 million for using her image without permission and another $2.5 million for emotional distress. The judge in that case also ordered Mr. Jackson to produce proof of income and worth so the jury could determine further punitive damages.

The $5 million judgment came about a year after a different judge ordered 50 to pay $17.5 million in damages as part of a trademark infringement case related to a former partner in a headphone company. When combined, he was looking at $22.5 million in potential legal judgments before punitive damages were calculated in the sex tape case.

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