Tag Archives: Forbs

50 Cent’s businesses are going to Bankruptcy

50-bunkraptcyIn may 25 of this year(2015) internet broke news about 50 Cent's SMS promotion boxing company was in large debt. In April 28 of this year(2015) Forbs established net worth of 5 richest rapper in hip-hop. 50 Cent took fourth position with $155 million. But it seems 50 has lack of financial intiligance, beacuse according of 'Wall Street Journal' now 50 Cent is bankrupt. In 2014 it was official report, that 50 lost $16 million, in SMS Audio company and his investment didn't  bring him money back. 50 Cent's fifth album Animal Ambition had very poor sales, according to wikipedia, A.A. sold 124 000 in end of 2014. Animal Ambition come out in june 3, 2014.

In 2009 50 Cent wrote great book: 50th Law.It is informal education about business and life. But it seems 50 don't use priciples, which he describe in his business book in real life. Good luck 50, I hope your business empire come back soon.