Tag Archives: SMS
The lesson here: Sometimes it’s best to just forget about Dre.
But back in 2009, that wasn’t an easy task for fellow hip-hop artist 50 Cent, who watched as Dr. Dre raked it in with his Beats by Dre headphones. By the following year, 50 Cent thought, “I can do that,” a decision that has since cost him millions of dollars.
Terek Sanderson Jeter (born June 26, 1974) is an American former professional baseball shortstop who played 20 seasons in Major League Baseball (MLB) for the New York Yankees. A five-time World Series champion, Jeter is regarded as a central figure of the Yankees’ success of the late 1990s and early 2000s for his
Mark Zuckerberg launched Facebook from his Harvard dormitory room on February 4, 2004.
In 2004 Harvard students Cameron Winklevoss, Tyler Winklevoss, and Divya Narendra filed a lawsuit against Facebook alleging that creator Mark Zuckerberg had broken an oral contract with them. The suit alleged that Zuckerberg had copied their idea and illegally usedsource code intended for the website he was hired to create.
50 Cent Opens Up On Founding SMS Audio, Beats, Headphone Market & More With CNBC
50 Cent's SMS Audio headphone company is one of the leaders in the growing premium headphone industry. The G-Unit mogul sit down with CNBC to talk about founding of SMS Audio headphones, Beats, headphone market and more.
Celebrity clothing lines, one of the first areas in which musicians branched out into retail, came with a sense of friendly competition. 50 said that he made the mistake of thinking that it might be the same with headphones, but he learned competition is much more aggressive in the headphone space.
"When Russell Simmons went into Phat Farm clothing, you saw Rocawear from Jay-Z, you saw Sean John from Puffy, you saw G-Unit from myself, and then numerous other companies," he said. "It showed us that you could successfully utilize the influence generated from music to market things other than music."
50 Cent officially stated, that his net worth no more than $4.4 million at the moment and that he only saw a total of $3.8 million for the 38 million albums he's sold in his career.In Forbs latest wealth reports, they placed 50's net worth at closer to $155 million.
50 basically tryn' to convince everyone, that he's not as rich as it seems, and that most of his fortune is a front to appease his hiphop lifestyle.
"It's like music videos, they say action and you see all these fancy cars but everything goes back to the dealership" 50 Cent said. 50 also claimed that most of his cars are rented, and that the jewelry he wears is borrowed from the jeweler rather than purchased.
According to the rapper he only has a few chains and three cars.
Last days news told us that 50 Cent get bankruptcy. Yes, 50 personally hasn't money and he is in large debt. But his famous brand-companies like: SMS Audio, Effen vodka and Frigo underware are still stand strong and there is no note about their large debt or some financial problems like SMS Promotion boxing co. has. It' thinking, that 50 transfer his own $155 million to his comapnies assests. for save his capital and avoid pay to his big creditors.
50 Cent's tactic is similar to Oil baron John Rockefeller's moves. When USA goverment srated battel against John Rockefeller's Standart Oil Co. with anti-monopoly law. John Rockefeller divided Standard Oil to 16 small companies. He owed managing shares in every company. And 98% of Oil market was still under his control.
50 Cent like great John Rockefeller, knows how to hustlin under the law.
50 Cent had deal with Sleek Audio Co. for distribution their headphones. The G-Unit helmsman who invested $1 million in Sleek, was to start a line of headpones with the company. But 50 Cent founded his headphone SMS Audio co. and his new product want against 'beats by Dre' and also 'Sleek'. Sleek claimed 50 stole its design,some of their valuable data and trade secrets. and then tried marketing it on his own. Sleek50 Cent was ordered to pay $17 million to Sleek. but after 50 chose not to pay a $17 million, his bank account was frozen.
50 Cent also lost $5 million lawsuite against Rick Ross baby mama.
According to reports, 50 claims his assets are worth between $10-50 million, but his liabilities are about the same.