50cent

Thursday, December 4, 2008

50 CENT - 50 CENT HIT BY FINANCIAL CRISIS


50 CENT - 50 CENT HIT BY FINANCIAL CRISIS

Rapper 50 CENT is adamant no one is safe from the current global economic downturn - the crisis has already caused him some major financial problems.
The hip-hop star's new album, Before I Self-Destruct, was slated to hit stores in the U.S. on 9 December (08). But he was forced to postpone the release until early 2009, because of fears that struggling music fans will be reluctant to splash out on luxuries like CDs.
And the star admits the credit crunch has also begun to affect his investments, losing him "millions of dollars" in decreasing stock values.
He says, "Pushing (the album) back was to position myself a little better. I've lost a couple of million dollars already. 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 are decreasing.' So I take loss like everyone."


12/02/2008 12:11:58 PM


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