50 Cent allegedly earns $8.7 million from Tweets
The extremely business savvy rapper 50 Cent allegedly earned $8.7 million from his Tweets over the weekend, according to the New York Post.
50 Cent, whose real name is Curtis Jackson, encouraged his 3.8 million Twitter followers to invest in H&H Import. The rapper owns 30 million shares of the company, which is also selling the rapper's headphone line called Sleek By 50. The company also owns TV Goods, a marketing firm by "Shark Tank" reality judge Kevin Harrington
"You can double your money right now. Just get what you can afford," the rapper wrote in one Tweet which has since been deleted. In another he cautions his followers, "I own HNHI stock thoughts on it are my opinion. Talk to financial advisor about it."
His Tweets helped the stock climb up by 290 percent on Monday. The New York Post reports that the company was at $0.10 prior to the rapper's Tweets and "closed at 39 cents yesterday, up 29 cents, boosting Jackson's 30 million-share stake by $8.7 million."
Business Insider notes that the stock took a 20 percent dip on Tuesday.