50 Cent Causes Stock to Sky Rocket

50 Cent Causes Stock to Sky Rocket

Published January 10, 2011

50 Cent has long been admired for his business sense and it turns out the Queens MC-turned-mogul is quite the spokesperson as well. Fif, who recently became minority owner in TV Goods, took to Twitter to encourage his followers to invest in the company this weekend, causing the company's stock to soar 355%

“I invested in TVG," he wrote. "If you can by stock in it. I don’t care If its only 500 dollars. You better get in now TVG I’m never saying this again. Watch how this company blows up."

TV Goods is part owner of Sleek, the company that designed Fif's new signature headphones line. He's been on the campaign trail promoting the venture and recently held a press conference. [Watch Here]

The rapper become known for his business saavy over the years. In addition to his G-Unit label, some of his ventures have included a Reebok sneaker, Vitamin Water, his G-Unit clothing line, books and video games.

"When we initially heard Sleek Audio was teaming with 50 Cent we knew it was a partnership we wanted to become a big part of,”  Kevin Harringtons, Chairman of TV Goods, stated. “We’re always looking for products that set the standard, bringing new concepts to market that consumers understand, appreciate and desire. With our knowledge of the retail market, 50′s vision and celebrity, and most importantly Sleek Audio’s innovative product designs, this team we’ve put together is set to deliver some truly exciting products to the market.”

Written by Carl Chery, BET.com Staff


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