Hip Hop News: 50 Cent Making Millions on Vitamin Water Sale, But Not $400 million
Singersroom News
Posted on 06/14/07
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.
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!
Case
1/16/2008 7:35:35 PM
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!
toya
10/22/2007 2:34:51 PM
I like your new hit with robin thicke and the one wit ciara keep doin big neva stop
GETINGO
6/26/2007 10:15:56 PM
FOR MORE FROM THIS MODEL, GO TO WWW.GETINGO.COM
cb
6/22/2007 12:19:52 PM
...and the award for "Greatest Blog Reply Ever in History of the Planet" goes to:
MORIS!!!
MORIS
6/17/2007 10:13:11 AM
YOU SAID I WON AND WHEN I COMPLET TO SIGN MY CHECK YOU SAY THIS IS NO AVAILABLE TO MY COUNTRY WHY YOU TRIPIN ME LIKE THAT
Jovonna
6/16/2007 1:02:50 PM
I luv dat song "Amusment Park" and "Money in da Bank(forgot the other words)".
Assasin
6/15/2007 8:17:26 PM
Not necessarily. Have of that 4.1 billion could have been debt that the company had during purchase. For Coca Cola to buy them they also have to by the debt. For example they caould have bought the company for 2.5 billion and also paid another 1.6 billion for debts.
novelTee
6/15/2007 4:31:28 PM
if the company sold for 4.1billion and he held 10% shouldn't he have gotten 400 million?
