(Photo by Ethan Miller/Getty Images)

50 Cent continues to make power moves. The business mogul is now a licensed boxing promoter. He recently acquired a license to promote in the state of New York and is in the process of being licensed in Nevada.

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

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