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50 Cent plans to develop housing in Shreveport, LA. As Blavity previously shared, the Shreveport area is now home to the rapper’s G-Unit Studios, an extension of his G-Unit Films and Television company. The 985,000-square-foot property aims “to operate a production studio and/or activities and uses related to the promotion or development of the film, sound, light, movie, television, broadcasting, recording, and arts industries,” per a previous report by AFROTECH™. G-Unit Studios’ purpose includes giving opportunities to creatives and the community. 50 Cent has announced a three-phase plan to revitalize the area, with housing development being a focus area, according to KTAL-6 News in Shreveport. “We start building houses, and we have an idea to go into communities and help low- to moderate-income families get mortgages,” Orville Hall, G-Unit’s growth advisor, said per KTAL-6. Furthermore, plans will focus on supporting youth by creating new media programs. “We’re going to go to each...
In 2003, Curtis “50 Cent” Jackson gave the world his debut album, “Get Rich Or Die Trying.” When it initially dropped, the artist had everyone “in da club.” And since then, he’s released other successful music projects, launched the G-Unit label, created television shows, and more to continue building his empire. Despite early success in music and his television deals for his shows with STARZ, some people would not sing the New York rapper’s praises. In a recent interview on Houston’s 97.9 The Box, 50 Cent noted that some of the G-Unit artists he signed blame him for not having successful careers.
50 Cent has secured a 30-year lease on a local venue to further his goal of revitalizing Shreveport, LA. As AFROTECH™ previously told you, through G-Unit Studios, he has the second-largest Black-owned studio, only trailing Tyler Perry. The 985,000-square-foot property in Shreveport is being used “to operate a production studio and/or activities and uses related to the promotion or development of the film, sound, light, movie, television, broadcasting, recording, and arts industries.” “Founding my own studio is the next step in my plan to expand G-Unit Film & Television’s output of premium, diverse content across all media and to provide more opportunities for artists, crew members, and the communities that support production of that content,” 50 Cent told KTAL News 6 at the time. Beyond the studio grounds, 50 Cent has been expanding his efforts across the city. In September 2024, a three-phase plan was announced that will include housing for low- to moderate-income families. Most...
50 Cent has recently received technology advice from fellow studio owner Tyler Perry. In 2008, Perry, a self-made billionaire , made history when he opened the first major Black-owned film studio. The 330-acre studio, located at a former Confederate Army base in Atlanta, GA, features 12 sound stages that are available to rent. These are accompanied by various staged sets, such as baseball fields, a chapel, a bank, a county jail, a coffee shop, an oval office, and a theatre, among others, as AFROTECH™ previously mentioned. It’s no surprise that Perry’s recent projects, including “The Six Triple Eight,” “Beauty in Black,” and “All the Queen’s Men,” have been filmed at this groundbreaking facility. View this post on Instagram A post shared by Tyler Perry Studios (@tylerperrystudios) In 2024, Tyler Perry has been offering words of wisdom to rapper and entrepreneur 50 Cent, whose television empire continues to thrive. Since launching G-Unit Studios in Shreveport, LA, in April of this...
Katt Williams has purchased land to open a movie studio. During an interview with GQ, the comedian revealed he has acquired a former military base located in Alabama. It has been confirmed by Williams’ publicist, Amy Sisoyev. “I can’t disclose the amount or exact location just yet, but I can confirm that he has purchased a former military base in Alabama,” Sisoyev said via email to AL.com. Williams shared that he aims to follow in the footsteps of other celebrities, such as Tyler Perry. As AFROTECH™ previously reported, Perry, a self-made billionaire, opened the world’s largest Black-owned studio. The studio, which Perry self-funded, reached a valuation of $280 million in 2023. Speaking of wanting to be next in line, Williams commented to GQ : “It’s just not fair to put all that pressure on Tyler Perry. He can only do so much.” At the time of this writing, it is unclear when the movie studio will break ground. Williams is part of a growing number of Black figures seeking to disrupt...
Thinking long-term offers a distinct advantage, a principle 50 Cent knows very well. During a recent appearance on the “Earn Your Leisure” podcast , the rapper-turned-businessman recalled how he made $100 million from Vitaminwater by strategically acquiring employee stock options to boost his equity. “[With] the Vitaminwater thing, I didn’t need the money,” 50 Cent shared. “When companies approach artists to be a part of the marketing, it’s just [that] they’ve reached the financial level where they can commit that marketing and it’ll move their company to the next level, the notoriety and everything that connects to it. So they make the deal.” He went on to emphasize the importance of thinking long term in business, highlighting how his investment helped him make a substantial profit when Glaceau, Vitaminwater’s parent company, sold to Coca-Cola in May 2007. As AFROTECH™ previously noted , 50 Cent’s Vitaminwater deal transformed Hip-Hop partnerships and serves as a blueprint for...
50 Cent is making major real estate moves in Shreveport, LA. G-Unit Studios As AFROTECH™ previously reported, the entrepreneur opened G-Unit Studios in the city, now the second-largest Black-owned studio behind Tyler Perry. The 985,000-square-foot property is being used “to operate a production studio and/or activities and uses related to the promotion or development of the film, sound, light, movie, television, broadcasting, recording, and arts industries.” View this post on Instagram A post shared by 50 Cent (@50cent) “Founding my own studio is the next step in my plan to expand G-Unit Film & Television’s output of premium, diverse content across all media and to provide more opportunities for artists, crew members and more jobs within the community,” 50 Cent told KTAL-6 News. Housing Project 50 Cent’s plans for Shreveport also extend beyond his studio. He is rolling out a three-phase plan to transform the city through areas including housing. “We start building houses, and we...
You may know Detroit rapper Danny Brown from his electrifying music, his energetic collaborations with acts such as JPEGMAFIA, Run The Jewels, and Eminem, or even from his self-titled podcast venture . The underground rap legend has garnered a reputation for his gut-busting sense of humor and his boundary-pushing bars, having amassed a following of just under 2 million monthly listeners on Spotify alone . From his numerous business ventures in the entertainment industry, Danny Brown has seen massive financial highs and lows, and currently touts a net worth of over $4 million, per Celebrity Net Worth . Now that “The Danny Brown Show” podcast is blowing up and the Detroit-born artist is seeing more new fans than ever before, it seems like as good a time as any to take a brief deep dive into his financial portfolio. We’ll see what we can learn from his long and storied career. Let’s examine Danny Brown’s revenue streams, endorsement deals , and other forms of income contributing to his...
50 Cent has revealed one of those “unwritten laws of business.” The artist and entrepreneur took to the stage at Invest Fest in Atlanta, GA, and shared his unspoken rule in business: Never appear to need anything. He then clarified the thought process behind this surprising rule. “One of the unwritten laws of business is to not appear to need anything,” he said during Invest Fest, according to HipHopDX. “Because everybody will do you a favor when you don’t need one. If they can expect a bigger favor in return or a favor from you at some later point, they’ll find the ability to just do it.” He added: “That’s why when they tell me no, I go — if television say[s] they [are] going on strike, I say, ‘Okay, I’m on tour.’ That last tour [the Final Lap Tour], I did 103 shows. It’s the third-highest-grossing Hip-Hop tour ever.” Although the saying “closed mouths don’t get fed” is commonly accepted, 50 Cent has succeeded in various ventures despite not adhering to this principle. While it is...
Although in no rush to become a billionaire, 50 Cent is following Tyler Perry’s blueprint. Both entrepreneurs have their own studios, which house their current and future projects and create jobs that benefit the surrounding communities and beyond. As AFROTECH™ previously reported, Perry, a self-made billionaire, relied on his earnings to fund a 330-acre studio in Atlanta, GA, which opened its doors in 2008. “That’s why ‘Sistas,’ ‘The Oval,’ ‘Ruthless,’ and ‘Zatima’ — soon to come — All these shows on BET are doing so well, because I had us,” Perry said during Invest Fest 2023. “So, I haven’t been in a position where I’ve had to use private equity or money like that.” View this post on Instagram A post shared by Tyler Perry Studios (@tylerperrystudios) Today, Tyler Perry Studios grants him greater creative freedoms through its built-in features that include 12 sound stages — available to rent — and various staged sets such as baseball fields, a chapel, a bank, a county jail, a...
50 Cent is in no rush to join the billionaires club. His Empire The rapper-turned-entrepreneur has experienced massive success that dates back to his first studio album, “Get Rich or Die Tryin” in 2003. Living by example, 50 Cent’s empire has grown in numerous ways. With more than two decades in music and the entertainment sector, 50 Cent still collects major revenue as an artist. Business Insider reports 50 Cent said he earns between $900,000 and $1 million per show. This is without releasing an album since 2014. “I get the attention that I want from music when I want it,” 50 Cent said, according to the outlet. He has also diversified his portfolio through ventures including his premium wine and spirits company, Sire Spirits, which boasts several multi-year partnerships with NBA teams including the Sacramento Kings, Houston Rockets, and Indiana Pacers, among others. He has made some great business moves as well through investing, such as acquiring a minority stake in Vitaminwater,...
50 Cent claims his social accounts fell victim to a cryptocurrency scheme. Fox News reports the rapper’s X account had been hacked to promote a cryptocurrency token called $GUNIT. The token’s name suggests his former Hip-Hop group G-Unit. On Friday, June 21, 2024, the scammer allegedly wrote on 50 Cent’s account, “$GUNIT for winners only…” Complex reports 50 Cent’s Instagram account included screenshots of the $GUNIT crypto, which showed under $1 million in market value, and that number quickly increased. The message gained popularity, accumulating 57,000 likes on June 22 and drawing hundreds of users to the comments section, with some even making purchases. Despite this, 50 Cent stated he was not associated with the venture, and his accounts were later locked, Fox News notes. 50 Cent claims the hacker made $3 million within 30 minutes from the scam. It’s not possible to verify 50 Cent’s assertions, nor is there a way to confirm if the hacker earned the alleged $3 million. “My...