Hip-hop superstar 50 Cent is reportedly concerned about his financial assets as real estate values plummet, stock markets struggle, and a recession looms.
“I lost a couple million dollars already,” the rap mogul told Canadian Press. “I sit with my investors and business managers and accountants looking at the numbers and I’m like, ‘Yo, the values of stocks in different areas that I invested in are decreasing!’ So I take the loss like everybody else.”
The sagging economy also persuaded Fif to delay the release of his new album, “Before I Self Destruct,” which was supposed to hit stores in time for Christmas. The release has been pushed back into 2009 to get more radio play for singles and build up as much hype as possible to ensure that CD sales aren’t disappointing.
“Pushing it back was to position myself a little better. I want to make sure (buyers) hear some things before I actually get my CD physically on sale,” he said.
Over the past year, the 33-year-old rapper has also been trying to sell his $18.5 million dollar mansion that was purchased from Mike Tyson. Every night that he sleeps in the home he’s reminded of the former world champion boxer’s fall from grace.
“I’m waking up in a room that was previously Mike Tyson’s bedroom, a fighter who earned over $500 million in his actual career, and when I purchased his house from him he was in bankruptcy,” said 50. “If that’s not a strong enough reminder for you, I don’t know what’s going to remind you to be aware of where you are financially and make conscious decisions.”
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Tags: 50-Cent, Mike-Tyson
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December 8th, 2008 at 7:56 am
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