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Home > News > 50 Cent Loses Millions of Dollars

50 Cent Loses Millions of Dollars

Dec 2, 2008 - World Entertainment News Network

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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. 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."

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Content Provider: World Entertainment News Network Copyright: Copyright © 2008 World Entertainment News Network. This content is licensed from a third party and published for the entertainment only. This story does not represent TeenHollywood.com, Inc.'s opinions. We take no responsibility for the content or accuracy of World Entertainment News Network stories.Please address any inquiries regarding the content of this story to newsdesk@wenn.com.