News: 50 Cent Reveals His #1 Business Tip [Video]
Sunday, Oct 21, 2012 11:33AM
G-Unit's 50 Cent recently dished out some business advice during a University of Dubai speech and revealed what is the biggest tip fans should consider when dealing with serious matters.
According to Fif, the most important thing to remember is how you judge someone.
His number one business tip? "It's really important that you be a good judge of character," he insists.? Too many have become a cropper, he says, by having a business blind spot for friends or family. "If you look at the people you see on the actual Forbes list of the top 500 business leaders so many have previously been divorced," he says. "So they have lost half of their income at some point - based on a friendship that didn't work." Perhaps that's why he respectfully declined a student's shouted offer of marriage. There is one match-up the newly registered boxing promoter wants to see though - the long-mooted contest between Floyd Mayweather and Manny Pacquiao. (7 Days In Dubai)
Earlier this year, the G-Unit rapper fell behind hip-hop elite like Diddy ($550 million) and Jay-Z ($460 million) on the annual Forbes hip-hop's wealthiest list.
Dr. Dre ranks third with $270 million, doubling from a year ago thanks to a major sale. In August, handset maker HTC paid $300 million to buy a 51% stake in Beats Electronics, the company founded by Dr. Dre and Interscope chief Jimmy Iovine in 2008. Birdman clocks in at No. 4 with a fortune of $125 million. He cofounded Cash Money Records with brother Ronald "Slim" Williams two decades ago, inking very favorable $30 million distribution deal with Universal in 1998. Rounding out the Forbes Five is Curtis "50 Cent" Jackson at $110 million. The Queens-born rapper earned $100 million on the sale of his Vitaminwater stake in 2007--and tens of millions more from touring, record sales and clothing--but spent freely on cars and renovations to his mansion, formerly owned by Mike Tyson. (Forbes)
Over the summer, Fif talked about easily making it onto wealth-based charts and lists.
"I been on the Forbes list 10 years straight - consecutively," he said in an interview. "When I came on the Forbes [list] this year, I'm like, 'Would you look at that? I'm still there.' I've been on a motherf*cking lunch break - I've been on vacation and I'm still there. Now I'm telling you I'm hustling in a different way and it's paying off. If you look at it, I ain't put an album out in three years, and I'm still in the list? Okay, let's see the other guys do that." (AHH)
He previously downplayed the hype behind the popular power rankings.
"The Forbes list is fine, but I'm still on the wrong list. I need to be on the [Fortune] 500, the company list without it actually being hip-hop. In order to do that, we gotta do business on a whole other levell," Fif said in an interview. "[Record sales?] I can be concerned about being relevant to the culture and recapturing the energy you had once upon a time, not an actual number. It's not even about the actual number on sales." (Shade 45)
Check out a portion of 50 Cent's interview below: