50 Cent Accidentally Made £5 Million From Bitcoin By Doing Absolutely Nothing

24 January 2018, 14:44

50 Cent Bitcoin Millionaire

The online currency looks as though it's made New York rapper 50 Cent a few million pounds richer!

Back in 2014, G Unit rap mogul 50 Cent released an album entitled 'Animal Ambition' and whilst he accepted the usual methods of payment for it, he also allowed people to purchase the release using internet currency Bitcoin.

At the time it cost people a fraction of a Bitcoin to buy the album and one whole Bitcoin was worth approximately $662. From sales of the album online, 50 actually received 700 Bitcoins ($400,000) and then left the currency sitting in his bank account. In 2018, those coins are worth a LOT more.

> Drake Accused Of Stealing New Single's Artwork... And The Evidence Looks Pretty Legit!

In 2018's economic state, Bitcoins are actually worth between $10,000 and $12,000 per coin, so after doing a bit of quick maths, that means Fiddy's coin haul is now worth between $7,000,000 and $8,000,000 aka £5,000,000.


(GIF: Giphy)

50 Cent was the first artist ever to accept Bitcoins as a payment for one of their albums and it look slike it's been a very shrewd business move by the serial entrepreneur.

This bit of Bitcoin money making isn't the only smart move 50 has made in the business world - he's invested in several successful deals that have seen him rake in millions of dollars.

Not only does he own Cheetah Vision, a production company that makes low budget action films, but he also made millions when Coca Cola bought drinks company Vitamin Water, with his shares said to be worth $500,000,000.

 

A post shared by 50 Cent (@50cent) onJan 17, 2018 at 7:16am PST

> Download Our Fancy New App For All The Latest Music News!

Whilst you're here, check out James Arthur doing his best 50 Cent cover...

  • Top Ten
  • 11 - 20
  • 21 - 30
  • 31 - 40
  1. 1
    Sweet But Psycho artwork
  2. 2
  3. 3
    Nothing Breaks Like A Heart artwork
  4. 4
    Thursday artwork
  5. 5
  6. 6
    Dancing With A Stranger artwork
  7. 7
  8. 8
    Without Me artwork
  9. 9
    Undecided artwork
  10. 10
    Wow. artwork
  11. 11
  12. 12
  13. 13
    Shallow artwork
  14. 14
  15. 15
  16. 16
  17. 17
    Promises artwork
  18. 18
  19. 19
    thank u, next artwork
  20. 20
    Happier artwork
  21. 21
    Girls Like You artwork
  22. 22
  23. 23
  24. 24
    Close To Me artwork
  25. 25
    1999 artwork
  26. 26
  27. 27
  28. 28
    Body artwork
  29. 29
    Polaroid artwork
  30. 30
    A Million Dreams artwork
  31. 31
    Empty Space artwork
  32. 32
    Woman Like Me artwork
  33. 33
    Just Got Paid artwork
  34. 34
    Scared of Love (feat. Ray BLK & Stefflon Don) artwork
  35. 35
    Shotgun artwork
  36. 36
    Perfect To Me artwork
  37. 37
    This Is Me artwork
  38. 38
  39. 39
  40. 40
  • Top Ten
  • 11 - 20
  • 21 - 30
  • 31 - 40
Visit the site