In the heart of the city of Shreveport, Louisiana, one can find several of 50 Cent‘s investments, making him one of the city’s largest investors. He recently opened his G-Unit Film & TV Studios in the city. The studio is the second biggest behind Tyler Perry.
The 985,000-square-foot property is being used “to operate a production studio and/or activities and uses related to the promotion or development of the film, sound, light, movie, television, broadcasting, recording, and arts industries.”
“It’s more than just a business decision. This is a commitment to fostering talent, to creating opportunities, and to investing in the community itself to build what I would need to be able to execute what I got going with G Unit Studios. It is going to create a lot of jobs,” he added in an interview with KTBS3.
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Aside from his G-unit studio, he has a housing project in Shreveport.
He is buying vacant properties, or properties that have been shut down or underutilized for years. In this regard, he has secured over 10 properties and now becomes the second-largest property owner in the city’s downtown.
“These properties that ’50 Cent’ has purchased—some of them have been vacant for years. So we’re really excited about the potential that this opens to other properties that have been vacant in downtown or underutilized,” said Downtown Development Authority Janie Landry, per KTAL-6.
50 Cent’s success follows a disastrous 2015, after he filed for bankruptcy after spending lavishly on real estate, cars, and lawsuits.
In filing for bankruptcy, 50 Cent’s reported assets valued in the range of $10 million to $50 million. The rapper said he had debts of equal amounts. It turned out that filing for Chapter 11 bankruptcy was “strategic,” as it helped 50 Cent “offset costs” he faced due to some lawsuits.
In 2021, Face2Face Africa estimated his net worth to be around $30 million as he continues to succeed in various ventures.
