50 Cent Admits To Feeling The Economic Crunch, "I Lost A Couple Million Dollars Already'

Even though he was declared the richest rapper by Forbes Magazine earlier this year, the ongoing global economic crunch is also affecting 50 Cent. The G-Unit honcho recently revealed to The Associated Press that the downturn in the global markets has hurt his pockets and also influenced the delay of his forthcoming album Before I Self Destruct.

"I lost a couple million dollars already," 50 Cent divulged. “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 Cent has also been trying to sell his US$18.5 million Connecticut mansion for over a year  and has had no success. The mansion was recently owned by former heavyweight champion Mike Tyson.

"I'm waking up in a room that was previously Mike Tyson's bedroom, a fighter who earned over US$500 million in his actual career, and when I purchased his house from him he was in bankruptcy," 50 explained. "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."

50 Cent was slated to release his fourth solo album Before I Self Destruct this month but the rapper revealed he wants to build more hype for the project to avoid disappointing sales in a sagging economy.

"Pushing it back was to position myself a little better," 50 said. “I want to make sure (buyers) hear some things before I actually get my CD physically on sale."

Before I Self Destruct is slated for release in 2009 and will include two bonus DVDs.