7.21.2007
50 Cent gets Mo' Money
According to SixShot.com:Coca-Cola's $4 billion purchase of Glaceau's Vitamin Water has been a minor talking point in a rather stagnant hip-hop world for the past few days, with a sticking point coming in the form of exactly how much was personally pocketed in the deal by rapper and Vitamin Water spokesman Curtis (50 Cent) Jackson. Estimates have ranged anywhere up to $400 million dollars in net profit for the rapper.
He's not the first celebrity to make a fortune as an early investor in a company. Adult contemporary star Kenny G was one the original ten Starbucks investors.
Meanwhile, executives at Interscope, the record label that 50 Cent is contracted to, are said to be highly disappointed at the lack of public interest in his latest singles "Straight To The Bank" and "Amusement Park". This is rumored to be a contributing factor in his latest LP entitled Curtis being delayed until September. 50 himself is said to be frustrated at the turn of events and is looking to salvage the situation. Reps for Interscope could not be reached.
Labels: Music
