Showing posts with label rapper 50. Show all posts
Showing posts with label rapper 50. Show all posts

Thursday, July 5, 2007

It's Over: I'm taking care of you but you can't wear my shoes.


The free ride is over at 50 Cent's G-Unit Records.

The rap mogul has confessed he was overgenerous with artists on his label. In fact, Fitty spent $8.5 million of his own money to take a lot of the rappers on his most recent tour so that they could bring their entourages - and so that everyone could travel, as he says, "comfortably."

Not only that, he'd hand out hundreds of thousands of dollars to them at a time just for the asking, Sacha Jenkins writes in the new issue of XXL magazine. "Whether I got to give them $500,000 or $300,000 ... Just 'cause they want $300,000 more to make what they [are] doing at the time comfortable. Like, 'yo, I want to get this new place over here.' "

Sure, 50's got plenty of do-re-mi: His albums "Get Rich or Die Tryin' " and "The Massacre" sold 20 million copies combined. And though his album "curtis" is delayed till September, he's getting a payday playing a boxer in the Nicolas Cage movie "The Dance," and a drug dealer in "Righteous Kill" with Robert De Niro and Al Pacino. And there are the clothing and sneaker lines - and at least $100 million more he stands to make now that coca-cola has bought Glaceau, which owns Fitty's Formula 50 Vitamin Water.

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I guess he can't cover the bill now since babymomma asking for 25 grand a month. All I have to say is Hot Dammmmmmmmmmmmmmn.

Sunday, May 27, 2007

Rapper 50 cents earned estimated $400 million dollars

50 cents
Queens, NY rapper 50 Cent may have good reason to brag on his new single "Straight to the Bank."

Glacéau, the company that produces vitaminwater, was acquired by The Coca-Cola Company today (May 25) for $4.1 billion dollars in cash.

50 Cent invested in Glacéau in 2004 and owns 10% of the company.

Sources told AllHipHop.com that Coca-Cola's purchase of Glacéau earned the rapper an estimated $400 million dollars.

Glacéau markets and sells popular energy drinks named vitaminwater.

The company markets and distributes a grape flavored energy drink inspired by 50 Cent named "Formula 50."

"This is an outstanding opportunity for both of our companies to build an expanded active lifestyle business, first in the United States and then around the world," said Muhtar Kent, president and chief operating officer of The Coca-Cola Company. "Glacéau and its brands also provide us with highly attractive longer-term international opportunities. We look forward to discussing with glacéau's distributors and our bottling partners the best operating model for glacéau's routes-to-market."

The company will operate as separate business unit within Coca-Cola North America (CCNA), allowing the company to continue to grow and marketplace, while taking advantage of Coca-Cola's marketing, management and distribution resources globally.

"It's a perfect match connecting the hottest active lifestyle brand with the full resources of the world's best beverage company," said J. Darius Bikoff, Glacéau founder and chief executive officer. "To best understand today's announcement, you really need to go out, buy a bottle of vitaminwater and try it for yourself to see how well it works".

Glacéau's top three executives are the aforementioned Bickoff, Mike Repole and Mike Venuti.

Each one will remain with the company for a minimum of three years and other key management will remain with the company.

The transaction is expected to close in 2007 and is subject to customary regulatory review.