50 Cent Explains Fallout With Sha Money XL
50 Cent has famously beefed with the likes of Ja Rule and Fat Joe, but his feuds were not limited to rival rappers. He's also had issues within his own camp.
During a HangWith session with fans on Sunday (August 23), the hip-hop mogul discussed the rift between himself and former friend/business partner Sha Money XL, revealing that it stems from money.
"When the the money came, when the check came, Sha [Money XL] started going like everybody else, just started reaching in my pockets," 50 Cent explained. "Trying to get the money, as much money as they could get. He charged the most he's every charged for a track for 'Blood Hound' on Get Rich or Die Tryin'. I said, 'Cool, just give him the money.'
Then he came back around and said, 'How do you charge for studio time?' He asking for $50,000," he continued. "I said, 'Cool.' Then I thought about it and I said, 'If I give him $50,000, that's it, because he's been paid for all of his services, everything.' I said, 'Nah, don't take $50,000. Take $30,000 and a point, $30,000 and a point on the sales on my record.' That one point was worth $1.3 million, because we sold 13 million records on that first album. So, I gave him $1.3 million instead of $50,000.
"Then, after the record took off and sold so many copies, Jimmy [Iovine] and them came around, but [Sha Money XL] didn't take no risk. He took all of his money off the table. And then, Jimmy Iovine came around and G-Unit Records was ready. So, they cut the check for G-Unit Records, they gave me $15 million. When I get the $15 million, I see them round again, looking like they ready to start reaching into my pockets again. So I told them, 'You ain't getting none of that money, because you took your equity out of the situation immediately. You were paid for everything you've done.' "