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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...
Curtis “50 Cent” Jackson is prepared to take his woes with Suntory Global Spirits to Congress if both parties are not able to come to a mutual agreement soon. According to HipHop DX, the rapper-turned-businessman used his Instagram account to address the company’s decision to change its name from Beam Suntory to Suntory Global Spirits without taking accountability for its alleged wrongdoing toward him and Sire Spirits. “Changing the company name from Beam Suntory to @SuntoryGlobalSpirits without correcting what was done to my brands @bransoncognac and @lecheminduroi doesn’t fix the problem and lacks honor,” 50 Cent said. “ I attempted to resolve the matter, not once, but twice. Now the legal process will play out publicly for everyone to see what really happened and how @SuntoryGlobalSpirits would rather spend millions to protect and conceal criminal conduct instead of doing the right thing.” View this post on Instagram A post shared by 50 Cent (@50cent) As previously reported...
50 Cent’s spirits venture was nearly at the brink of closure, according to Fox 5 in New York, NY. The outlet notes that the rapper and “Power” executive producer has been in a court battle over the loss of millions of dollars in an alleged embezzlement scheme. A 70-page New York State Supreme Court Complaint alleges his company, Sire Spirits, lost revenue due to being overcharged by distiller Beam Suntory, which then split the profits with Mitchell Green, the former director of brand management for Sire Spirits. The complaint claims the loss is estimated to be over $6 million. “Because these illicit commissions were baked into the price of the product, Sire Spirits overpaid on taxes, overpaid on customs and duties, overpaid on insurance, which are marked towards the value of the product,” Sire Spirits Attorney Craig Weiner said, according to Fox 5. Furthermore, Beam Suntory’s chief commercial officer, Julious Grant, is being accused of wearing various hats, including Beam Suntory’s...
A serial entrepreneur has shared a story revolving around the early beginnings of 50 Cent building his business acumen. In an Instagram post, Jesse Itzler shared that the rapper and businessman was once an intern for him. According to Itzler’s website, he has built and sold Marquis Jet, Zico Coconut Water, 29029 Everesting , and more. He is also part owner of the NBA’s Atlanta Hawks.
Houston continues to show support to 50 Cent. As previously reported by AfroTech, the rapper moved to the city in 2021 and has settled in, making it his new home. However, he’s just received a grand welcome through a new collaboration. According to the NBA, the Houston Rockets announced a multi-year partnership with 50 Cent and his wine and spirits company Sire Spirits — making it his first time officially working with an NBA franchise. “This multi-year partnership will mark the first Official Partnership between Jackson and an NBA franchise,” the NBA.com website states. “The deal will highlight Jackson’s award-winning Branson Cognac and Le Chemin du Roi Champagne brands to Houston Rockets games and Toyota Center events with multiple themed bars, a branded luxury suite and a courtside loge box.” View this post on Instagram A post shared by 50 Cent (@50cent) “In his time as a Houston resident, Curtis has demonstrated a strong passion for helping students in our under-served...