Sign up to our Editors Choice newsletter now! Click here

50 Cent to make $100 million from selling water

Accessibility Menu

Menu Search

24dash - The UK's most up-to-date social housing and public sector news website

50 Cent to make $100 million from selling water

24DASH.COM Logo

Published by webmaster for 24dash.com in Communities

50 Cent is set to make $100 million

50 Cent is set to make $100 million.

The rapper-and-actor is about to become considerably richer after Coca-Cola bought his Vitamin Water drink, Formula 50.

The soft drinks giant has just paid a staggering $4.1 billion to drinks company Glaceau, which 50 joined as a shareholder in 2004.

In exchange for his share in the company's profits, Glaceau named a Vitamin Water drink, Formula 50, after the artist.

The rapper, also known as Fiddy, personally endorsed the product.

As a ten per cent shareholder in the beverage, 50 Cent will see his fortune rocket from the Coca-Cola deal.

The 'Get Rich or Die Tryin' star was profiled by finance magazine Forbes last year, after transforming his urban image into a multi-million dollar empire.

Fiddy, real name Curtis Jackson, recently announced the release of his new album 'Curtis' had been pushed back to September.

The 31-year-old wrote on his official website: "I'm an international artist.

My fans worldwide deserve to receive my album at the same time as my fans here in the US. Taking that into consideration, moving the album to September was a necessary course of action."

Copyright Bang Showbiz 2007

Don't miss the 24dash.com audio bulletins for the latest news and information - http://www.24dash.com/podcasts

Comments

Login and comment using one of your accounts...