Iconic Aussie boxer reveals he’s ‘forgiven’ 50 Cent despite rapper ‘robbing’ him of $1.7m

Former Australian boxing world champion Billy Dib has revealed 50 Cent owes him $1.7m as he lifted the lid on their famous feud.

Former Australian boxing world champion Billy Dib has revealed he has finally put to bed his famous feud with 50 Cent, despite the American rapper still owing him around $1.7 million.

Back in 2012 a young Dib had the world at his feet and signed on as one of 50 Cent’s first clients when the American launched a boxing promotion company, SMS Promotions, in July 2012.

But what first seemed like the big break the Aussie had dreamt of wasn’t all it was cracked up to be, with his multimillion contract unpaid as the musician-turned-actor’s boxing business filed for bankruptcy.

Watch the biggest Aussie sports & the best from overseas LIVE on Kayo Sports | New to Kayo? Get your first month for just $1. Limited time offer.

While in the years after his dabble into boxing, 50 Cent continued to cash in on various acting roles, Dib found himself in a whole world of hurt.

Speaking on The BillyJoe Podcast late last week, Dib revealed he is still owed around $1.7m from the 49-year-old rapper, who he says “robbed him blind”.

“There are people that robbed me along the way. 50 Cent took me to the cleaners, he robbed me blind,” Dib said.

“But I made a decision when I was diagnosed with cancer that I was going to forgive him and I was going to forgive anyone who robbed me in the sport of boxing.”

But after being diagnosed with cancer in October 2022, Dib says he decided it is best to forgive but he will never forget.

“Before I got sick 50 Cent was my enemy. He was on my mind at the time like how I let this man rob me,” Dib recalled.

Billy Dib (left) and 50 Cent (right). Image: Getty

“He signed me up on an amazing deal when I was 27 or 28. Signed me on a three-year deal on life-changing money and he basically in the end liquidated the company and just didn’t pay me.

“When I finally got to the point where I needed the money from 50 Cent, I said I’m in dire straights and he said I’m going to sort it out. At the time he owed me 1.1m USD, life-changing money.

“I rang him and said I am in the hospital, I am in dire straights and he said in 2015 I’m going to sort it out right now. He put $50,000 in my account and liquidated the company.

Billy Dib (left) pictured with 50 Cent (right)

“That’s how he sorted it out. When I rang him and said I’m a lot short he said that’s all you’re getting and that should get you through whatever you’re going through.

“Long story short I let that bother me for years.

But after learning he was cancer-free in 2023, Dib decided he would forgive his ‘enemy’ 50 Cent.

And after doing so the Aussie boxer says it was like a weight was lifted off him.

“I made a decision when I was in hospital that anyone who ever wronged me, I was going to ask them to forgive me if I wronged them or that I forgive them if they wronged me,” Dib said.

“He’s (50 Cent) been living in my mind rent-free, the minute that I forgave him I set myself free.”

Dib continues to box sporadically. Most recently he beat Atilla Kayabasi by decision in December, 2024.