Queens, NY rapper 50 Cent may have good reason to brag on his new single “Straight to the Bank.” The Coca-Cola Company acquired Glacéau, the company that produces vitaminwater, for $4.1 billion dollars in cash.
50 Cent invested in Glacéau in 2004 and owns 10% of the company.
Sources told AllHipHop.com that Coca-Cola’s purchase of Glacéau earned the rapper an estimated $400 million dollars.
Glacéau markets and sells popular energy drinks named vitaminwater.
The company markets and distributes a grape flavored energy drink inspired by 50 Cent named “Formula 50.”
The company will operate as separate business unit within Coca-Cola North America (CCNA), allowing the company to continue to grow and marketplace, while taking advantage of Coca-Cola’s marketing, management and distribution resources globally.
The transaction is expected to close in 2007 and is subject to customary regulatory review.