50 Cent Once Paid $800 A Month For Rent With $38 Million In The Bank

50 Cent can be considered a rapper, a film star, but above all else, he is considered a businessman by most. He has many holdings these days, and really he can be considered a mogul. Recent statements prove that he was always good with his money though.

It was at the start of his financial success that he was making far more than he was spending, perhaps being reluctant to spend the money he was making. 50 Cent comes from humble beginnings. And like so many that fall into money and success after such beginnings, it’s hard to commit to spending it all in one place.

During an interview with Brian J. Robert, Fif had things to say on just how much he was saving. Apparently, he was still living the life, but his accommodations were extremely humble. He said:

“My first run, the Rock The Mic tour, I came back, I had $38 million in my account…And all I had was a two-bedroom apartment that was $800 a month. So if you don’t spend it, you know the IRS is gonna take it. So I needed the expenses. So I ended up buying Mike Tyson’s home in Farmington.”

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That fear of the IRS would get anyone motivated, and it seemed to push 50 Cent in the right direction. And as far as Mike Tyson’s house is concerned, that property had 37 bathrooms in it. Of course, this could be just the stuff of legend and lore, but you get the picture.

Fifty started as a rapper and he turned business mogul and TV producer. It all began on the streets, but he turned his life around and lived to tell about it. As producer, he produces BMF and Power on the Starz network.

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