50 Cent becomes accidental Bitcoin millionaire
50 Cent took a chance on bitcoin years before anyone knew what cryptocurrency even was … and it’s paid off more than 7 million times over.
Rewind to 2014 and 50’s album, “Animal Ambition,” when the rapper became the first to accept bitcoin — which was then valued at around $662/bitcoin — as payment for his work. We’re told customers could get a copy of the album for just a fraction of a whole bitcoin.
Our sources say “Animal Ambition” pulled in about 700 bitcoin in sales … over $400k. We’re told the cryptocurrency sat dormant in his account for years.
Fast-forward to today — when bitcoin’s value has fluctuated between $10k and $12k per coin. Turns out 50 is a money genius … sitting on anywhere between $7 million and $8.5 million.
The market has steadily declined over the last few weeks, so 50 might wanna think about unloading soon while the gettin’s still good.
The rapper 50 Cent on Wednesday confirmed a TMZ report that he had made about $8 million by accepting bitcoin as payment for his 2014 album, “Animal Ambition.”
TMZ calculated that the 700 bitcoins 50 Cent received for the album in 2014 and sat untouched in his account for four years would be worth between $7 million and $8.5 million today.
The rapper confirmed the report by posting a screenshot of the TMZ article on Instagram with the caption: “Not bad for a kid from South Side, I’m so proud of me.”
The Verge notes that he later commented on the post, which has since been deleted, “Ima keep it real, I forgot I did that shit lol.”
He also posted the TMZ article on Twitter, adding a hashtag promoting his new film, “Den of Thieves.”