Believe it or not, even the richest rappers are feeling the sting of America's ongoing economic recession. As the stock markets and real estate values took a downward spiral, hip-hop mogul 50 Cent
is also feeling the backlash of the dip.
"I lost a couple million dollars already,” 50 revealed 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."
50 earned an estimated $150 million last year to top Forbes' 2008 Richest Rappers list
, thanks in part to a lucrative deal with Vitamin Water and a five-year contract with Reebok, distributor of his G-Unit sneaker line.
Fif has also found it a challenge to sell his 19-bedroom, 37-bathroom Connecticut mansion. Not to mention that he's had to postpone the release of his upcoming 4th album, Before I Self Destruct. I guess we shouldn't expect a sequel to "I Get Money" anytime soon.
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