Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

TexasTowelie

(116,799 posts)
Thu Jan 25, 2018, 10:38 PM Jan 2018

50 Cent 'forgot' he was paid in bitcoin in 2014. It's now worth about $8M.

As recently as 2015, rapper Curtis "50 Cent" Jackson claimed to be flat broke. The second-wealthiest rapper in history meekly pleaded his case in bankruptcy court.

But less than three years later, the man who went from rags to riches to rags again is again a millionaire — many times over, in fact.

50 Cent reportedly cashed in his minority stake in Effen Vodka for $60 million in 2017. (The company says its partnership with the rapper continues, however.)

On Tuesday TMZ reported that 50 took bitcoin as payment for his 2014 album "Animal Ambition," back when companies such as Microsoft, Dell and Overstock.com were just beginning to accept the cryptocurrency. He supposedly was the first rapper to take a chance on bitcoin.

Read more: http://www.mrt.com/music/article/Report-50-Cent-forgot-he-was-paid-in-bitcoin-12522263.php

3 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
50 Cent 'forgot' he was paid in bitcoin in 2014. It's now worth about $8M. (Original Post) TexasTowelie Jan 2018 OP
Interesting.... Docreed2003 Jan 2018 #1
Can he exchange the Bitcoin for $8 million? wasupaloopa Jan 2018 #2
Yes, there are markets to buy and sell bitcoin unblock Jan 2018 #3

Docreed2003

(17,805 posts)
1. Interesting....
Thu Jan 25, 2018, 10:43 PM
Jan 2018

He used to own a house down the street from us...well, in our neighborhood in a much nicer section. He wanted his kids to go to the schools in the area.

Latest Discussions»Culture Forums»Showbiz»50 Cent 'forgot' he was p...