In 2012 Billy Dib signed a three year contract with 50 Cent, expecting to be a staple of what was expected to be newly formed promotional company headed by the rapper and Floyd Mayweather Jr. But after 50 can Floyd had a public falling out, Dib was left with just 50 Cent who then created SMS Promotions -- a company that has since filed for bankruptcy protection.
Speaking on signing with 50 Cent, Billy Dib reflects on the decision saying he was ripped off and only paid a fraction of what he was owed, something speculated to be over seven figures:
"My career was skyrocketing, things were going amazing, and then unfortunately - and when I say unfortunately I really do mean unfortunately - I signed for 50 Cent, who basically knew nothing about the sport of boxing," Dib said.
"And I really believe that it's from that point, because when you get promised something and it's not delivered, that disheartens you a little bit."
"And that’s what was happening to me, I was being promised certain things and I was only being delivered a quarter of what was promised."
Dib credits his business dealings with 50 Cent as being the thing that took away his passion for the sport, which resulted in his career promptly taking a downward trajectory.
But when 50 Cent caught wind of the story he fires back the best way he knows how, taking to social media to reveal his side of the story:
The truth is Billy Dib is an ungrateful fighter who was deemed unwatchable by premium networks like Showtime and HBO when I met him. Floyd was mad at me for signing him in the first place. With a record of 35-1 (21 KOs), Dib must have fought 21 cab drivers in Australia because Evgeny Gradovich with a record of 15-0 (8 KOs) beat the shit out of him, despite taking the fight on a month's notice. It's no secret that the level of competition and talent, fighting in America is the highest. The best fighters in the world come here to fight. 8 Months later, I put Dib on the Manny Pacquiao undercard for the rematch with Gradovich. He got knocked the fuck out. I can only set the fight up...I can't fight for you, punk! I didn't take a dime of your money. They call me a lot of shit, but never a thief. #EFFENVODKA #FRIGO #SMSAUDIO ANOTHER SHIT HEAD