News: 50 Cent Gives His Best Biz Advice: "I Won't Do Business W/ People Who Aren't..."
Thursday, Jun 12, 2014 7:32AM
G-Unit leader 50 Cent recently talked about his business moves and revealed what piece of advice every potential entrepreneur could capitalize off of. #ForbesKing
In Fif's opinion, judging situations and the people you associate with are key in doing business.
"Always assess the company you're thinking about dealing with. What is their value? I won't do business with people who aren't respected. If a person is not focussed on you and is going to work harder with someone else, I don't care to work with them at all. You need to find people who understand what it means to have a connection. When you see the success of Beats by Dre as an audio company, and you see what the association is with the actual product - that's the connection I'm talking about! But, some people are snails, and they're slow to get on board stuff that's going on so then I need to pass and let them get on outta here." (GQ Magazine)
The Unit head also revealed the most surprising thing he's discovered since becoming famous.
"The strangest things happen to me in my career. You know, I'll go to a basketball game and I'll sit next to Meryl Streep and it goes everywhere. And, then I go to a baseball game and I throw the pitch, and now there are the funniest clips of my throw out there online. I'm just like "Wow, what's going on here?" Everything I hear about myself has nothing to do with the music and never focuses on my actual work." (GQ Magazine)
Recently, Fif revealed he banked around $23 million from Interscope Records upon departing the iconic label.
"My album, Get Rich Or Die Tryin' is the largest debuting Hip Hop album and the way we sold ringtones at that point is exactly how we sell the single. So, the language in the contracts spoke to the same light and the way I would be paid off a ringtone -- if that's the way I was to be paid off the singles would mean that they owed me like another $23 million maybe. So we went through that process and it took--for four years actually. It took a while for us to get through it. ... I was paid." (Business News Network)
Earlier this year, the New York native made the Top 5 of Forbes' "Wealthiest Hip-Hop Artists" list.
1. Diddy $700 million 2. Dr. Dre $550 million 3. Jay Z $520 million 4. Birdman $160 million 5. 50 Cent $140 million (Forbes)