Well if you ask a coin collector a coins rarity effects it's value greatly. Being 50 Cent is the only half dollar stamped with 1975, that explains why he is now worth so much.
His first album was 2003; 'Get Rich or Die Tryin'. If 50 cents was his valuation then, that would mean Curtis Jackson's valuation was 22¢ at birth in 1975. Assuming he follows a somewhat arbitrary inflation rate of 3%. (This is also assuming he is not an asset of higher expected return like property, stocks, or bonds.) Putting him at a less attractive 99¢ today.
If he is the the currency himself, rather than being valuated at 50¢, then he would have devalued. This would put his value at around 27¢ today and $1.68 at birth.
If 50 cents was his valuation then, that would mean Curtis Jackson's valuation was 22¢ at birth in 1975. Assuming he follows a somewhat arbitrary inflation rate of 3%.
But that's just inflation. His physical and mental development surely added value, meaning he was probably worth much less than 22¢ at birth.
Also, link preview kind of ruined your sauce joke, but I still liked it.
21 replies
Soon... about tree-fiddy...
It was about that time I noticed that sweet little pop rapper was a right story tall crustacean from the plethazoic era. I said get it out here!
Classic
Not how inflation works. He still is 50 Cent, his value just dropped.
Yeah exactly. At birth, his value in today's money is about $3.10. assuming he is still $0.50, his purchasing power has dropped by more than 80%
Well if you ask a coin collector a coins rarity effects it's value greatly. Being 50 Cent is the only half dollar stamped with 1975, that explains why he is now worth so much.
Well, yeah, but then you are talking about the non-fungability tied to his distinct features, not his transactional value.
You didn't think it was cool at all that no half dollars were minted with 1975 on them? Sheesh... I really am a dork
I thought it was cool, thanks for teaching me an interesting fact!
Was he fifty at birth?
His first album was 2003; 'Get Rich or Die Tryin'. If 50 cents was his valuation then, that would mean Curtis Jackson's valuation was 22¢ at birth in 1975. Assuming he follows a somewhat arbitrary inflation rate of 3%. (This is also assuming he is not an asset of higher expected return like property, stocks, or bonds.) Putting him at a less attractive 99¢ today.
If he is the the currency himself, rather than being valuated at 50¢, then he would have devalued. This would put his value at around 27¢ today and $1.68 at birth.
Sauce
I'm glad someone pointed it out.
But that's just inflation. His physical and mental development surely added value, meaning he was probably worth much less than 22¢ at birth.
Also, link preview kind of ruined your sauce joke, but I still liked it.
So
6050 years is 600%? That's crazyNot wages though!
lol, trolling people born near 1975
O lol, not on purpose - i just suck at math
He's not even about tree fiddy, poor sod
Did you reduce the taxes?
3.5 percent per year more or less
He'd have been better off just putting himself in an index fund.
Wow he got so old which means I got old as well FML