50 Cent, 700 Bitcoin: Forgetful Rapper Learns Of Bitcoin Riches
Call it dumb luck or ingenious foresight, but the fact is that 50 Cent lays claim to a pool of Bitcoin that has ballooned to roughly $7.5 million (USD).
Indeed, Curtis Jackson III – the American rapper most commonly known by his stage name ’50 Cent’ – amassed roughly 700 units of the world’s most popular cryptocurrency way back in 2014.
The means by which 50 amassed his slew of Bitcoin comes courtesy of his 2014 album, Animal Ambition, which was the first of its type to accept the virtual coin as payment. Coming via TMZ’s sources, it was today reported that the album raked in roughly 700 BTC; then representing under half a million dollars.
Cut to January 24, 2018, and one unit of the cryptocurrency is valued at $10,700 (via CoinMarketCap), meaning that 50 now owns almost $7.5m (assuming his album raised 700 BTC).
Remarkably, the balance of the 42 year-old hip-hop star’s Bitcoin would have been worth nearly double its current value not five weeks ago, when the digital coin flirted with the elusive $20k milestone.
Whilst the forgetfulness comes as humorous – and even a tad irritating – to the average crypto enthusiast, the dynamic artist can always take solace in the fact he followed through with the then unknown payment method. The same cannot be said of fellow musical star Lily Allen, who admitted via Twitter to having turned down a gig opportunity from Second Life back in 2009, who offered hundreds of thousands of Bitcoins as payment.
Other notable musical artists that have pioneered the industry by accepting Bitcoin as payment for their music are Snoop Dogg, Donald Glover (Childish Gambino), Björk, and Melanie Brown (Mel B).
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