Rapper 50 Cent became an accidental millionaire this week after he realized he had invested in Bitcoin cryptocurrency years ago.
Back in 2014, 50 Cent released his “Animal Ambition” album and made it available for purchase in Bitcoin. Each album sold for a small portion of Bitcoin and when all was said and done, he’d made around 700 Bitcoin in album sales (about $400,000 USD).
When the album was released four years ago, Bitcoin was worth around $662 a piece. The rapper forgot about it and it sat in his bank account until this year, when he went to check how much it might be worth.
Turns out, now that Bitcoin has peaked at around $19,000, 50 cent is a millionaire (again). He turned his $700,000 in album sales to $7-8 million without lifting a finger.
The best was his reaction to finding out he’d made so much money. In an Instagram comment, he told his followers, “Ima keep it real, I forgot I did that sh*t lol.”
I’m proud of 50 Cent for his market instincts but I’m a little concerned about his memory. According to Page Six, the rapper is currently listing his Connecticut mansion for $5 million. In 2017, the mansion was burglarized but 50 Cent laughed it off, admitting he’d forgotten he even owned the place. After being informed of the incident, he loudly proclaimed on Facebook “What my house got robbed . . . I thought I sold that MF. LOL.”
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