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Hip Hop News: 50 Cent Making Millions on Vitamin Water Sale, But Not $400 million

Singersroom Thu, Jun 14, 2007
Hip Hop News: 50 Cent Making Millions on Vitamin Water Sale, But Not $400 million
Hip Hop phenomenon 50 Cent is reportedly set to make $100 million, instead of the $400 million recently reported. The rapper-and-actor definitely ‘has money in the bank’ after Coca-Cola bought his Vitamin Water drink, Formula 50.

The soft drinks giant has just paid a staggering $4.1 billion to drinks company Glaceau, which 50 bought in as a shareholder in 2004. In exchange for his share in the company's profits, Glaceau named a Vitamin Water drink, Formula 50, after the artist. The rapper - also known as Fiddy - personally endorsed the product.

As a ten per cent shareholder in the beverage, 50 Cent will see his fortune rocket from the Coca-Cola deal. The 'Get Rich or Die Tryin' star was profiled by finance magazine Forbes last year, after transforming his urban image into a multi-million dollar empire.

Fiddy - real name Curtis Jackson - recently announced the release of his new album 'Curtis' had been pushed back to September. The 31-year-old wrote on his official website: "I'm an international artist. My fans worldwide deserve to receive my album at the same time as my fans here in the US. Taking that into consideration, moving the album to September was a necessary course of action.'

Rumor has it that Fiddy will put out a more commercial single since the reception to “Straight To The Bank” and "Amusement Park” was not well received.

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