Curtis James Jackson III, better known by his stage name 50 Cent, became $7 million richer overnight after remembering an investment he made in Bitcoins in 2014.
The 49-year-old rapper sold his album Animal Ambition in 2014 for 700 Bitcoins. At the time, this was worth about $44,000. However, given that his net worth at the time was over $140 million, this amount was negligible to him.
However, forgetting those Bitcoins turned out to be the best financial decision he could have made. He forgot about them for almost four years, until he was reminded of his investment in 2018, when Bitcoin started to skyrocket in the cryptocurrency market.
At the time, one Bitcoin was worth over $10,000, which turned his initial investment of $44,000 into an impressive $7 million.
He did not reveal what he did with those cryptocurrencies at the time, but if he was smart enough to leave them undisturbed in his wallet, each Bitcoin is now worth more than $100,000, nearly 10 times more than they were worth in 2018.
As a result, 50 Cent could pocket a staggering $76 million in Bitcoins if he sold them today, almost double his current net worth of $40 million, according to AFROTECH.
On the other hand, poor person who bought 50 Cent’s CD for 700 Bitcoins, as they would now only need 0.16 Bitcoin to buy the album, equivalent to about $17,000.
Photo and video: Instagram @50cent. This content was created with the help of AI and reviewed by the editorial team.
