How 50 Cent Made a Mint Off Bitcoin
- 6 years ago
We’re not surprised to hear that 50 Cent made a wise business decision and now it’s staring to pay off.
The rapper took to Instagram in a series of posts to boast about his Bitcoin success and TMZ reports that it all started with a deal he made back in 2014.
Fifty apparently accepted Bitcoin as payment for his album Animal Ambition, and at the time, the cryptocurrency was worth $662 per coin.
And from what we hear, he amassed around 700 coins.
Now each coin is worth about ten thousand to twelve thousand dollars each.
So do the math: that’s about an $8.5 million haul.
You also need to keep in mind that 50 has investments in Vitamin Water, and his share shot up when the brand was bought by Coca Cola in 2007.
Guess he needs to change his name from 50 Cent to… well.. anything else.
The rapper took to Instagram in a series of posts to boast about his Bitcoin success and TMZ reports that it all started with a deal he made back in 2014.
Fifty apparently accepted Bitcoin as payment for his album Animal Ambition, and at the time, the cryptocurrency was worth $662 per coin.
And from what we hear, he amassed around 700 coins.
Now each coin is worth about ten thousand to twelve thousand dollars each.
So do the math: that’s about an $8.5 million haul.
You also need to keep in mind that 50 has investments in Vitamin Water, and his share shot up when the brand was bought by Coca Cola in 2007.
Guess he needs to change his name from 50 Cent to… well.. anything else.