50 Cent performs at the Coachella festival in California in April. Christopher Polk / Getty Images for Coachella / AFP
50 Cent performs at the Coachella festival in California in April. Christopher Polk / Getty Images for Coachella / AFP

50 Cent: the emperor's new shows



It takes nearly a decade for some artists to find their own sound, but for Curtis “50 Cent” Jackson a decade was enough time to build an entertainment empire.

Ever since his major label debut, 2003's Get Rich or Die Tryin', the New York gangster-rapper's profile has grown to include actor, fashion designer and movie mogul.

Jackson can now be found everywhere from album covers, movie posters and business magazines.

Indeed, this blend of Wall Street and ghetto upbringing was perfectly illustrated in my attempt to reach Jackson by phone.

“Can you call back?” a young, dulcet-toned assistant said. “Fiddy is flying right now.”

A day later I was put on hold while the rapper got comfortable in his New York City -office.

Never shy of wasting a marketing opportunity, the phone's waiting tone was none other than Jackson's recent street single I Just Wanna.

Heady from the salacious lyrics – the only printable couplets include “Me, take a little at a time in doses, Once you’re addicted, I just wanna kick it” – Jackson wastes no time getting down to business: his film business, that is.

“I created [the film company] Cheetah Division, raised US$200 million [Dh734m], brokered 10 films, sold domestic rights to these films and international territories,” he begins, perhaps explaining his recent flight or the 10 minutes I was put on hold.

“Now, I feel I am really focusing and getting back to the music, because without the music I wouldn’t have the ability to be involved in these other projects.”

Indeed, the genesis of Jackson's success lies in Get Rich or Die Tryin'.

Helmed by the super-producer Dr Dre, the album was one of the biggest hip-hop debuts in history, with nearly a million copies sold in one week, as well as spawning the number-one hits In Da Club and 21 Questions.

The album remains the platform that catapulted Jackson to future record success as well as hitting pay dirt in non-musical fields from a fashion label, G-Unit Clothing Company, to his own brand of vitamin water drinks, Formula 50.

Jackson is back on the musical tip with his forthcoming fifth album Street King Immortal, due next month.

It is his first album in three years, during which time Jackson shelved numerous versions of the record.  At one stage he reportedly finished a dance-driven record called Black Magic, which he subsequently scrapped.

Jackson has no qualms laying the blame at the feet of his record label Interscope.

“They had an auditing process and I had a few records that were false starts because people said they were ready but the audit wasn’t done,” he -explains.

“I had to go back and revisit things. I couldn’t leave it because, to me, it has to be current in order for it to be right because music marks time.”

With his album stuck in administration limbo, Jackson returned to the film world to star alongside Robert De Niro and Forest Whitaker in the crime drama Freelancers, released last month in the US on DVD.

As a youth used to dodging cops back in the New York City borough of Queens, Jackson says taking on the role of a police officer in Freelancers was not a big leap.

"Because the cop was from New York, even if you were on the other side of it you would be aware of it," he says. "It allowed me to have some sort of reference." Jackson says starring alongside the Hollywood heavyweights De Niro and Whitaker allowed him to move from his normal artistic and business role of mentor to student.

“You really can’t ask for more support than having two Academy Award-winning actors on the project,” he states. “All you can do is learn under the circumstances because you have people doing it all their life. If we went to a recording studio I would hope they would be smart enough to listen if they are attempting to make music when I am pretty strong in that area.”

Appreciation for Jackson’s art is not shared by all of his peers. In 2006 Jackson bitterly criticised the talk show queen Oprah Winfrey for enacting “a rapper ban” on her programme after she criticised the genre’s use of derogatory terms.

Jackson went as far as naming his pet dog after her.

The relationship thawed in June this year when Jackson and Oprah conducted a candid television interview on her new programme Oprah’s New Chapter. Jackson says the experience ended with both of them agreeing to disagree.

“There are certain areas that she is really firm and you realise there is just no room,” he says. “You can’t persuade or make her understand why the usage of certain terminologies are within the culture.”

Jackson argues that the colourful language imbued in hip-hop is not meant for shock value, but is instead part and parcel of the genre’s style.

The real offence, he argues, is when artists don’t rap from personal experience as hip-hop has grown to encompass eclectic social and cultural backgrounds.

“There is no parameter that makes it cool or not cool for hip-hop. You’ve got artists now writing relationship-based music and others have aggressive content; some who are reflecting on dysfunctional behaviours in society and conscious rappers who try to enlighten and educate you,” he says.

“There is so much material out there and if that comes from their experience, if they are doing it not because someone else is doing it and they are doing it for themselves, then it is exciting because it adds so much to the culture and the music and it won’t be removed for ever.”

Another assistant, this time a female with a sultry voice, chimes in claiming I have reached my time limit.

“For me things happen really fast,” Jackson concludes. “I am always at the eye of the storm. I am so busy with day-to-day things that I don’t even really look at my schedule and I look up and half the year is gone.”

Atelier/Festival sneak peek

The Atelier/Festival is shaping up to be one of the biggest musical events of the year. Here is a sneak peek at the other artists on the bill.

Duffy

Festival goers will see Duffy at an interesting phase of her career. The 28-year-old announced a two-year hiatus in February only to return to the studio a few months later to begin work on her third album. Perhaps the Dubai audience will be among the first to hear the new tunes.

Nelly

The Hot in Herre rapper has been quiet this year as he is busily working on his seventh album. Rumoured collaborations include Dr Dre, Akon and Chris Brown.

Craig David

David, whose hits include 7 Days and Fill Me In, became the next of a long line of current R&B singers to release a Motown covers album Signed Sealed, Delivered (I’m Yours) and is currently working on a new album of original material.

Ciara

After scoring major hits with the likes of 1,2 Step and Goodies, the R&B star has been venturing into films lately with starring roles in the musical drama Mama, I Want to Sing and the comedy That’s My Boy.

Eva Simons

The Dutch singer-songwriter is known for her vocal contributions to the recently disbanded dance duo LMFAO. She’s also appearing as part of the SkyBar late-night after-parties on Yas Island as part of the Abu Dhabi Grand Prix on November 4.

SkyBlu

One half of LMFAO. Dubai will be one of his first gigs post the break-up. Interesting to see how he fares on his own.

DJ Antoine

The Swiss house producer whose remixing work includes Mary J Blige, P Diddy, Pitbull and Cyndi Lauper.

50 Cent is playing at the Atelier/Festival at Dubai’s Meydan Racecourse on Friday. Tickets start at Dh350 from www.timouttickets.com

sasaeed@thenational.ae

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”