Registration is FREE, Fast, and Simple. Our Registered Members DO NOT See the video Advertisement below!
***Register Now***





Likes Likes:  0
Results 1 to 5 of 5

Thread: 50 Cent Admits to Losing Money Because of Failing Economy

  1. #1
    *POSTING SOMEWHERE* 50 Cent Admits to Losing Money Because of Failing Economy onevaguy's Avatar
    Join Date
    Aug 2008
    Location
    757/VA
    Posts
    4,469
    Liked
    12 times

    Default 50 Cent Admits to Losing Money Because of Failing Economy

    As stock markets and real estate values take a terrifying nose-dive, the average American citizen is not the only person feeling the effects of what many have deemed an official economic recession. Rapper and Hip Hop mogul 50 Cent [click to read] is also feeling the backlash of the failing economy.
    “I lost a couple million dollars already,” 50 admitted to the 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.”
    After earning a reported $150 million last year, with the help of a lucrative deal with Glaceau Vitamin Water and a five-year agreement with Reebok to distribute his G-Unit sneaker line, it comes as a surprise that the rapper is experiencing a bit of financial trouble.
    Fif has also found it a challenge to sell his infamous Connecticut mansion. Made up of 6 kitchens, 19 bedrooms, 37 bathrooms, stripper poles, and a 40-person hot tub, he’s been attempting to sell it for $18.5 million for the past year. After purchasing the nicknamed “East Coast Playboy Mansion” from boxer Mike Tyson in 2003 (for $4.1 million), 50 has finally decided to jump ship.
    “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.”
    In addition to hardships with his stocks and real estate values, 50 Cent was also persuaded to push back the release of his upcoming album to early 2009 [click to read]. The album, titled Before I Self-Destruct, was supposed to hit stores in time for Christmas, but will be delayed in order to get more airplay for singles, and to develop more publicity for CD sales.

    “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.
    In an era that has seen the decline of CD sales in favor of digital ones, it’s important that artists promote their product most efficiently. 50 has even taken advantage of the shifting methods of promotion, using his new reality MTV show, “The Money and the Power” to push his single “Get Up” [click to listen].
    "Of course it helps to have 'Get Up' as theme music for my new show. When they run the commercial spots and all those different things it's a consistent reminder (about) the song."
    Despite the way things seem to be going for the mogul rapper, Fif still feels as if he will continue to make good business decisions in the future.
    “Even if I'm not as relevant as I was when I dropped ‘Get Rich or Die Tryin,’[click to read] five years from now I'll still be creating a platform for new artists to come through.”
    http://www.hiphopdx.com/index/news/i...sidebar=recent

  2. #2
    I'm Heating Up! 50 Cent Admits to Losing Money Because of Failing Economy Groupie's Avatar
    Join Date
    Jul 2008
    Location
    Staying in a womans place on my back wit my legs gapped open..
    Posts
    71
    Liked
    0 times

    Default Re: 50 Cent Admits to Losing Money Because of Failing Economy

    Damn thats fucked up I wanted dibbs.
    The tighter the burberry the sweeter the juice~










    .....
    My Milkshake brought me a maserati


    My real car FOOLS.

  3. #3
    He's On Fire! 50 Cent Admits to Losing Money Because of Failing Economy HipHop.I.AM's Avatar
    Join Date
    Jun 2008
    Location
    Garden State
    Posts
    3,102
    Liked
    32 times

    Default Re: 50 Cent Admits to Losing Money Because of Failing Economy

    Quote Originally Posted by Groupie View Post
    Damn thats fucked up I wanted dibbs.
    You shouldve went to his party at his mansion,....im sure you wouldve sneak your way into his pockets
    Do not bark up this tree,....this tree will fall on you..

  4. #4
    I LOVE WALE, LUPE & CUDI 50 Cent Admits to Losing Money Because of Failing Economy Orchid's Avatar
    Join Date
    Jul 2008
    Location
    On the STAN all day everyday
    Posts
    4,585
    Liked
    24 times

    Default Re: 50 Cent Admits to Losing Money Because of Failing Economy

    oh well he's losing moey like everybody else, go blame your president
    Lead Yourself ~Wasalu Jaco~
    JOIN HIPHOPSTAN.COM

  5. #5
    Catch Up Newbies 50 Cent Admits to Losing Money Because of Failing Economy MsShawty's Avatar
    Join Date
    Jun 2008
    Posts
    841
    Liked
    15 times

    Default Re: 50 Cent Admits to Losing Money Because of Failing Economy

    WHO CARES????? he has too much money, he'll be alright

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •