50 Cent 'forgot' he was paid in bitcoin in 2014. It's now worth about $8M.

[TexasTowelie]

As recently as 2015, rapper Curtis "50 Cent" Jackson claimed to be flat broke. The second-wealthiest rapper in history meekly pleaded his case in bankruptcy court.

But less than three years later, the man who went from rags to riches to rags again is again a millionaire — many times over, in fact.

50 Cent reportedly cashed in his minority stake in Effen Vodka for $60 million in 2017. (The company says its partnership with the rapper continues, however.)

On Tuesday TMZ reported that 50 took bitcoin as payment for his 2014 album "Animal Ambition," back when companies such as Microsoft, Dell and Overstock.com were just beginning to accept the cryptocurrency. He supposedly was the first rapper to take a chance on bitcoin.

Read more: http://www.mrt.com/music/article/Report-50-Cent-forgot-he-was-paid-in-bitcoin-12522263.php

[Docreed2003]

1. Interesting....

He used to own a house down the street from us...well, in our neighborhood in a much nicer section. He wanted his kids to go to the schools in the area.

[wasupaloopa]

2. Can he exchange the Bitcoin for $8 million?

If not it is worth what he can buy with bitcoin.

[unblock]

3. Yes, there are markets to buy and sell bitcoin

It can be converted to dollars easily.