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50 Cent reportedly made millions selling his album for bitcoin
The rapper 50 Cent accepted bitcoin as payment for his 2014 album, “Animal Ambition,” according to TMZ.
The 700 bitcoins he is said to have raked in are now worth $7 million to $8.5 million, and he reportedly hasn’t offloaded his stake yet.
50 Cent looks to have figured out a way to make a killing in the struggling music industry, and it involves everyone’s favorite cryptocurrency.
The rapper, best known for his string of chart-topping hits in the early 2000s, accepted bitcoin as payment for his 2014 album, “Animal Ambition,” according to a report from TMZ. The digital currency was worth roughly $662 a coin back then, and TMZ cited sources as saying 50 Cent was able to rake in 700 bitcoins.
Now that the red-hot cryptocurrency has exploded higher, trading at about $11,300, a 700-bitcoin stash would be worth $7 million to $8.5 million, TMZ calculates.
This wouldn’t be 50 Cent’s first time finding himself in a lucrative investment situation. About a decade ago, he became a minority shareholder and celebrity spokesman for VitaminWater, only to make a whopping $100 million after taxes after its parent company was purchased for $4.1 billion, according to Forbes.
While 50 Cent would certainly have been ahead of the curve in terms of transacting bitcoin, he would not be alone. In a recent op-ed article for Business Insider, the Seattle Seahawks superstar Richard Sherman said his online store started accepting the cryptocurrency “long before people were campaigning for Amazon to allow virtual currencies as a payment method.”
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Rocky Kramer’s Rock & Roll Tuesdays Presents “Christmas Special” On Tuesday December 10th, 2024, 7 PM PT on Twitch
Rocky Kramer will be hosting his “Christmas Special” on this week’s episode of Rocky Kramer’s Rock & Roll Tuesdays on Twitch. Tune into Twitch on Tuesday, December 10th, 2024 at 7 PM PT for this amazing show.
Rocky Kramer is a guitar virtuoso, often being compared to the greatest guitar players in the world. Rocky has performed on shows with some of the greatest musicians on the planet including Ozzy Osbourne, John Lodge, Steve Vai, Leland Sklar, Kenny Aronoff, Tommy James, Verdeen White, Ten Years After, BuckCherry, Rick Wakeman and more.
Rocky’s first studio album, “Firestorm” is now available worldwide through Allied Artists Music Group, together with an epic music video of his #1 Global DRT Chart topper single, “Rock Star”, that also picked up a Best Rock Performance nod at the 2019 Hollywood Music In Media Awards (“HMMA”).
Rocky Kramer recently returned to the studio to record his sophomore album “Alone In The Rain” which will be released in 2025.
Rocky Kramer was recently cast in The Mutt Productions/ Allied Artists rock n’ roll time travel comedy adventure “Rockin’ In Time” where he will play the film’s lead character, Lars Olsen. The film is being directed by Aaron Lee Lopez (of the “Teenage Girl” franchise) and is being produced by multi-platinum and six-time Grammy Award winning musician turned motion picture producer, Kurt Wipfli.
Watch Rocky Kramer’s “Rock Star” Music Video here:
Watch Rocky Kramer’s Rock & Roll Tuesdays “Christmas Special” on December 10th, 2024 at 7 PM PT on Twitch here:
http://www.twitch.tv/rockykramer
The official website for Rocky Kramer may be found at http://www.RockyKramer.com
Visit Rock & Roll Tuesdays with Rocky Kramer on IMDB here:
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