Replace: This text has been up to date on October 20, 2024.
50 Cent, born Curtis James Jackson III, has captivated audiences across the globe along with his revolutionary rap music and larger-than-life persona. Regardless of his success, which incorporates tens of millions of album gross sales and billions of streams, 50 Cent’s values stay rooted in arduous work. He has typically expressed the significance of incomes one’s option to the highest, no matter background or connections—an angle he additionally expects from his kids. Nevertheless, this expectation has contributed to a strained relationship along with his eldest son, Marquise Jackson.
A Son’s Missed Alternative: Refusing a Million-Greenback Enterprise Enterprise
In line with a current TikTok video, 50 Cent allegedly opened up about his disappointment over the deteriorating relationship along with his 27-year-old son, Marquise. In line with the rapper, the strain stems from Marquise’s entitlement in direction of his father’s wealth. Regardless of allegedly receiving over $10,000 per 30 days in little one assist from his father, Marquise nonetheless sought monetary assist, which deeply troubled 50 Cent. “He thinks being 50 Cent’s son means he would not must work,” the rapper acknowledged.
The rift deepened when Marquise reportedly turned down a chance that might have earned him a considerable earnings. 50 Cent provided to assist him arrange a enterprise to generate as much as $1 million month-to-month, however Marquise declined. Reflecting on the missed alternative, 50 Cent lamented that his success within the leisure business was partly liable for the pressure of their relationship. He defined that he couldn’t reconcile with the concept of his son believing that his father’s wealth was his personal.
Public Drama and Disappointment: A Household Feud Unfolds
The connection between 50 Cent and Marquise has been fraught with public confrontations and social media drama. In line with Individuals, the connection started to bitter in Marquise’s teenage years. In a 2008 interview, 50 Cent mentioned, “My relationship with my son is altering as a result of he and his mum aren’t pals anymore,” explaining that authorized problems made it more and more troublesome for him to take care of a detailed bond. Their estrangement hit a brand new low in 2018 when 50 Cent made a controversial touch upon an Instagram photograph of Marquise alongside the son of fifty Cent’s long-time rival, Kenneth “Supreme” McGriff. 50 Cent wrote, “If each these little n—— bought hit by a bus, I would not have a foul day.” The remark sparked widespread outrage, with many condemning the rapper’s harsh phrases.
Regardless of the friction, Marquise has publicly expressed his disappointment over how their relationship unfolded. Talking to Rap-Up in 2017, Marquise mentioned, “I began feeling in another way about him as a result of rising up, my dad was my superhero. He is on tv, he does this, he does that. However then, as I bought older, you begin realising issues or seeing sure patterns, and it takes a toll in your relationship with individuals.” He additionally lamented their lack of communication, saying, “I am unable to inform you our final dialog or the final time we even had a dialogue.”
Marquise’s Supply: Paying for Time with His Father
In October 2022, Marquise made headlines once more when he provided to pay 50 Cent $6,700 for twenty-four hours of his time. In line with Individuals, the provide was posted on Instagram, referencing the $6,700 month-to-month little one assist that fifty Cent had been offering. Marquise wrote, “Since y’all assume $6,700 is a lot cash, somebody tells my pops I’ll pay him $6,700 for simply 24 hours of his time so we will do every little thing I ever needed to do with him as a child.”
The gesture was seen as a determined try and reconnect along with his father, however 50 Cent responded throughout an look on The Breakfast Membership, expressing scepticism about Marquise’s true intentions. “If you happen to’ve mailed somebody 1,000,000 {dollars} and so they have zero respect for you, how a lot do you assume you gotta give them earlier than they’ve slightly bit?” he questioned. The rapper mentioned he didn’t imagine their relationship could possibly be salvaged, including, “I do not assume the connection works.”
Classes in Wealth: Instructing Kids the Worth of Onerous Work
50 Cent’s state of affairs with Marquise isn’t distinctive amongst rich celebrities. Many high-profile figures have confronted comparable challenges when elevating kids in an setting of abundance. Celebrities like Gordon Ramsay and Shaquille O’Neal have carried out strict guidelines to show their kids the worth of arduous work. Ramsay, for instance, doesn’t permit his kids to fly top notch, explaining that they have not but earned the privilege. Equally, O’Neal expects his six kids to current viable enterprise plans if they need monetary assist, emphasising that he won’t give them cash just because they’re his kids.
This strategy to parenting echoes the emotions of billionaire Warren Buffett, who has publicly acknowledged that his fortune won’t be handed on to his kids. As an alternative, he has mandated that they donate the majority of his wealth to charities of their alternative, instilling the significance of giving again and dealing for his or her success.
Belief Funds and the Lengthy-Time period Method to Inheritance
In distinction to easily handing over wealth, many prosperous people, together with celebrities like Elton John and enterprise moguls like Daymond John, have opted to arrange belief funds for his or her kids. These belief funds make sure that the cash is distributed in keeping with particular pointers, typically tied to important life occasions corresponding to school, marriage, or beginning a enterprise. This technique goals to stop beneficiaries from squandering their inheritance whereas instructing them the significance of responsibly managing wealth.
Establishing irrevocable belief funds is a typical technique for controlling the distribution of property and shielding them from authorized claims. Nevertheless, as Daymond John famous, “What occurs is the primary technology makes it, the second enjoys it, and the third destroys it.” Through the use of belief funds, rich people can higher make sure that their hard-earned fortunes will likely be preserved and used correctly by future generations.