About 3 years ago Jackson invested and took part ownership of a company that puts out the drink Vitaminwater. Glaceau is a company who distributes other products, but is known for its hit with Vitaminwater. Jackson placed investment funds into the Glaceau parent company and in turn they produced the grape flavored water titled 'Formula 50' in his name. The drink which was co-created by Jackson has sold 10 million bottles and counting since its October debut. Formula 50 retails for $1.99 as well as the other flavored water drinks from Vitaminwater. 50 Cent is said to own about 10% of Vitaminwater and Glaceau.
Coca-Cola recently bought Glaceau for a cool $4.1 billion. So doing the math, India's Tata Group owns 30% of Glaceau and will make $1.2 billion of the $4.1 billion from Coke. But what about 50 Cent, Jackson is looking at making about $400 million from his early 10% investment. That isn't bad for a current millionaire. 50 million was how much the rapper, born Curtis Jackson, reportedly made after taxes this last year. The earnings stemmed from music related ventures and other investments. Not bad for a convicted felon.
Now 50 Cent can push back his music career and focus on counting his $400 million. 50's album was scheduled to drop, but is now pushed back to the week after Labor Day on the 4th of September. 50 Cent's album is titled "Curtis" and is under the Aftermath/Shady/Interscope family. One single has already reached radio play. Currently there is no news as if another single will be leaked to stretch promotion throughout the summer.
Published by Andrew Bess
I'm a journalism major and English minor at the University of Arizona. I graduate in December and look to get my Masters there after. I'm looking to network and meet people in my field. If you think we can n... View profile
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3 Comments
Post a CommentI guess 50 Cent got rich & cheated death. Now that's lucky. lol
Interesting story and pretty good research. I'm an OG but I had some business researching 50 just yesterday. (I'm a window shopper:)
So I liked the story...
Now I had heard about this one fa sho, dude is getting a grip of money. Everyone is waiting on his next album to drop but I'm thinking if he keeps on making money the way he's doing, he'll just give up rap completly. 400 million dollars? Damn that sounds like more than enough to retire off of.