Hip Hop News: 50 Cent Making Millions on Vitamin Water Sale, But Not $400 million
Date: 06/14/07 | Singersroom News
Filed under: R&B News, 50 Cent
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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"yes I do feel he should recieve the 10%. Vitamin water is a fantastic product and he desirves his due. I wish the white folks would stop trying to steal money from a brother." F*** off dude, evreything litle thing we say and we are all nazi's and racist and you say s*** like that use your f***ing brain and than post a comment he had the choice too sell it too a white black or yellow guy or too keep it for himself so shut the f*** up racist bastard
wow your super rich
oh and case. just because someone buys something for $4.1 does not mean share holders get that wealth equally distributed to them. an acquisition isnt as clean as that. corporations have something called debt for one. bond holders also get paid off first before share holders, so you have to deduct their interest. also, when theres a buyout its not normally done at the listed stock price, normally its negotiated at a lower price. all that said, with filings reported to the sec, it looks like 50 cent got 100 million. so the guy who wrote the article isnt a dumbass. also, hes just reporting from another source, so if it were wrong, the dumbass would be someone else. however, since 2001 the inflation rate is 20%. for most people, including 50 cent theres not much difference between 100m and 400m. 50 is a good businessman and made a wise investment, im happy for him. the interview with him on howard stern was awesome.
i wish black people could spell deserve and half.
yes I do feel he should recieve the 10%. Vitamin water is a fantastic product and he desirves his due. I wish the white folks would stop trying to steal money from a brother.
Assasin is the only one here that has a freakin' brain! Other than the fact that he can't even spell Assassin! What company do you know of that doesnt carry any debt? Ever hear of Gross vs. Net? sheeessh!
wh**ver wrote this is a dumbass>cause this dude saying 50 is getn 100mill>well 10 percent of 4.1billion does not equal 100 mill do the math!
I like your new hit with robin thicke and the one wit ciara keep doin big neva stop
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