Rap's latest superstar turns mogul...

Chart-topping rapper 50 CENT has set up his own record label.

The star, whose debut LP ‘Get Rich Or Die Tryin” has stormed the US chart this year, has teamed up with Interscope to form G-Unit Records – and he hopes to use the label to release his near-legendary mix tapes.

He said: “I put out two mixtapes since ‘Get Rich…’ came out, and I’m not going to stop. That’s the largest form of promotion. I can put out some of the new artists that are signed to my label.”

50 Cent insists he isn’t worried about the extra work running a label takes. He admitted: “I’ve never had a job before in my life, but I’m a lab rat. I stay in the studio.”

According to Rolling Stone, among the first releases from G-Unit the label will be an album by G-Unit the group, which comprises 50 Cent, Lloyd Banks and Tony Yayo. The trio’s first official record is due for September, after Yayo is released from Riker’s Island Penitentiary in New York, where he’s serving a six-month sentence on gun charges. Letters from Eminem

and Dr Dre convinced prison officials to shorten Yayo’s stay.

Yayo said from prison: “They said I’m a nice person, and they gave me an association with them. They’re also taking care of the legal bills – everything.”