50 Cent laughs all the way to the bank
Glaceau, the makers of Vitamin Water, has been purchased by the Coca-Cola Corporation for $4.1 billion.
One of the more popular flavors of the drink is the 50 Cent branded, grape flavored Formula 50. When 50 partnered with Glaceau to develop the beverage, he also purchased a stake in the company.
“Today is 5/25 and it’s a beautiful day and I’m displaying my beautiful smile in beautiful way, It’s beautiful to be alive on 5/25,” 50 said of the sale. “We sold Vitamin Water for $4.1 billion dollars to Coco-Cola! Ha-ha-ha!”
Rumors say 50 Cent owns a 5 percent stake in the company, meaning he earned himself roughly $200 million in one day.
According to the Panache Report, published in August 2006, Diddy was the richest man in hip-hop, worth approximately $346 million, followed closely by Jay-Z with $340 million.
Back then, 50 Cent was listed as being worth $100 million – and with this nice windfall, he’s now up there with the top two! The question is, could he worth more than both of them now?