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| ‘Get Rich or Die Tryin’: 50 Cent first rapper to become bitcoin millionaire | ‘Get Rich or Die Tryin’: 50 Cent first rapper to become bitcoin millionaire |
| (about 17 hours later) | |
| Curtis Jackson, better known as hip-hop artist 50 Cent, is a bitcoin millionaire – although he only discovered it this week. | Curtis Jackson, better known as hip-hop artist 50 Cent, is a bitcoin millionaire – although he only discovered it this week. |
| Back in 2014, he announced that he was accepting bitcoins for his album, Animal Ambition, released in June that year. Bitcoin was worth around $660 at the time. | Back in 2014, he announced that he was accepting bitcoins for his album, Animal Ambition, released in June that year. Bitcoin was worth around $660 at the time. |
| Jackson received approximately 700 bitcoins from the album, which was worth around $400,000 at the time. The sum has since swelled to about $8 million, as the cryptocurrency surged to $11,000. He would have cashed out about $15 million if he had sold the bitcoins on December 17, when cryptocurrency peaked at about $20,000 per token. | |
| Last February, 50 Cent was discharged from bankruptcy after paying $22 million of debt. The rapper had filed for bankruptcy in 2015, citing debts of $36 million and assets of less than $20 million. | Last February, 50 Cent was discharged from bankruptcy after paying $22 million of debt. The rapper had filed for bankruptcy in 2015, citing debts of $36 million and assets of less than $20 million. |
| For more stories on economy & finance visit RT's business section | For more stories on economy & finance visit RT's business section |