Tuesday, January 11, 2011
Would you like to know how to become a millionaire by using Twitter?
Try asking rapper-turned-mogul Curtis "50 Cent" Jackson, who made a cool $8.7 million yesterday from a series of weekend tweets stemming from his appearance at this year's annual Consumer Electronics Show in Las Vegas. During his visit, Jackson shared knowledge about his latest business venture with H&H Imports (HNHI), which serves as the distributor of his forthcoming line of wireless headphones.
The no-name company's stock was up by 240 percent on Monday, raising its stock to 39 cents per share and netting the business $50 million, according to the New York Post.
"You can double your money right now. Just get what you can afford," the 35-year-old tweeted to his 3.8 million followers about H&H Imports, which also owns the Kevin Harrington-founded marketing firm TV Goods. Adding, "They are no joke get in now...Check out TVGoods.com official site of Kevin Harrington."
According to various reports, last October during a private placement, Jackson received 30 million shares of H&H, including options granting him the opportunity to cash in as the company's stock increases.
Not bad for a weekend gig, considering the company closed yesterday at 39 cents raising his 30 million share stake by $8.7 million.
Sleek by 50 Cent Platinum headphones are set to arrive in stores in April.