‘He thinks being 50 Cent’s son means he doesn’t have to work’: Rapper slams son’s entitlement despite $10,000 monthly allowance

50 Cent, aka Curtis James Jackson III, has won the hearts of millions around the world for decades with his revolutionary rap bars and music. Despite a massive net worth from millions of album sales and billions of music video streams, 50 Cent’s outlook on hard work has remained the same. As a con artist who has been working since he was 15, he respects the job and wants everyone to work their way to the top, whether it’s his son or not.

The son turned down an opportunity for a monthly income of 1 million dollars

In a recent TikTok video50 Cent expressed sadness over his strained relationship with his 27-year-old son, Marquise. The rapper is embarrassed that his eldest son is asking him for child support despite receiving more than $10,000 a month from his father. “He thinks being 50 Cent’s son means he doesn’t have to work,” the artist said. Marquise even turned down 50 Cent’s offer to incorporate a business that would have earned him a million dollars a month. While lamenting how his successful career was a major reason for his damaged relationship with Marquise, 50 Cent agreed that it couldn’t be okay for his son to see his father’s wealth as his own.

The son’s entitlement mentality continues to take an emotional toll on the rapper, so he goes public with this strained relationship, hoping that Marquise will feel ashamed and start working. Last year, she also shared a post about how her 10-year-old son sent her a request for $10,000 on Apple Pay. “Just got this from my boy SIRE,” 50 Cent had posted with a screenshot. “He’s 10, I hope this is a joke.” In general, fif believes that no matter your wealth, prevent your children from feeling that “your money belongs to them”.

More artists and celebrities are imposing strict money rules for their children

While it’s difficult for celebrities to keep their children completely insulated from their extravagant lifestyles, many are teaching their children the value of money by encouraging them to earn it through hard work. For example, Gordon Ramsey does not allow his children fly with him in first class because he feels they haven’t done anything to earn those seats yet. Shaquille O’Neal is also helping his six children learn “respectable nepotism,” where he only offers money to support any viable “business plan” proposal that comes their way. “Since you want it to be the bank, I will do exactly what the bank will do for you,” he said. he told Business Insider. Even billionaire investor and Berkshire Hathaway chairman Warren Buffett has directed his children to give his $100 billion fortune to charities of their choice when he dies.

Creation of trust funds to reduce the risks of misguided inheritance

Elton John will not deliver a”silver spoon” to her children “to have some semblance of normalcy, some respect for money, some respect for work.” Despite believing that offering all the wealth immediately can ruin lives, she plans to leave her children in a “state Wealthy people choose to set up trusts instead of wills to ensure that their heirs receive their inheritance as intended and at the time of the trust creator’s choosing, Daymond also noted. John from ABC Shark Tank podcast that children can end up wasting the inheritance if they don’t work for it. “What happens is that the first generation makes it, the second enjoys it and the third destroys it”, he said.

Establishing an irrevocable trust allows you to decide whether to pay for your children’s major life events, such as college fees, marriage and home purchases. You can also customize the terms to include provisions for business loans that the trust fund can issue to your children if they present viable business plans or set up installment payments instead of a lump sum distribution. The biggest advantage of a trust fund is that it protects your assets from any legal claims and ensures that the beneficiaries receive the funds on time. However, irrevocable trusts will not allow you to change the terms you set during the creation of the trust, even if you change your mind later.