Music Biz: 50 Cent reportedly sold his share of Effen Vodka for $60 Million
During Monday’s [July 17] airing of the Breakfast Club Rumor Report, Angela Yee reported that the G-Unit boss has sold his minority stake in Effen Vodka. Fif has held a stake in the Netherlands liquor company since 2014, when he purchased an undisclosed share from Sire Spirits LLC. No longer will he be the brand’s lead spokesperson, thus signifying the end of his competition with Diddy’s Ciroc business.
DJ Envy commented on the situation during Angela’s segment, revealing that 50 Cent pocketed a cool $60 million in the deal, which he confirmed on Instagram. The famed entertainer wrote in a post, “I got the bag, EFFEN Vodka Can you say 60M’s since they like counting my money DO THE MATH. Lol.”
Check out the video post above.
50 Cent’s Instagram Post
Source: hotnewhiphop.com Youtube, and VladTV.com