50 Cent continues to make power moves. The business mogul is now a licensed boxing promoter according to the Business Insider. He recently acquired a license to promote in the state of New York and is in the process of being licensed in Nevada, where most of the big money fight events are held.

The name of 50′s new company is TMT, short for The Money Team.

As a former amateur boxer himself, 50 has a keen eye for talent. He has already signed gold medalist and former featherweight champion Yuriorkis Gamboa and middleweight, and former Olympic medalist Andre Dirrell.

According to reports, both fighters have connections to 50′s good friend Floyd Mayweather Jr., having trained at his gym recently.