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50 Cent Makes 50 Million In 2004
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Monday, 27 December 2004
 50 Cent, whose debut CD was titled Get Rich or Die Tryin', has not only gotten rich, he's living to tell about it.
According to the New York Times, the ex-crack dealer's various ventures have generated roughly $50 million in 2004.
50's entrepreneurial reach has extended far past the majority of celebrities-turned-entrepreneurs to include clothing, footwear, ringtones, a beverage, an adult DVD, a video game, and film project in addition to his record label.
As part of a five-year deal with Reebok International, 50 Cent, whose real name is Curtis Jackson, introduced two new shoe lines this year (the Gxt cross-trainer sneaker and the G-Unit boot) which have so far brought in more than $20 million.
The rapper's G-Unit clothing deal with Ecko Unlimited brought in over $50 million in wholesale sales to date.
In addition, 50's deal with mobile-phone entertainment company Zingy Inc. distributes voice ringtones which go for up to $2.99 a pop. The income from this is in addition to the earnings he receives from selling ringtones of his songs. A sample of a voice ringtone goes like this: "Ay yo what's up, yo this is the kid, 50 Cent man. Stop playin', you better answer!"
Finally, toss in revenue from 50's G-Unit Records (which released top-selling records from Young Buck and Lloyd Banks), an endorsement deal with Glaceau to produce “Formula 50,” a grape flavored water drink, "Groupie Luv" (a top-selling adult DVD), and upcoming autobiographical movie and video game and the 27 year-old rapper is well on his way to becoming one of the top earning entertainers of 2004.
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| Last Updated (
Monday, 27 December 2004 ) |
