: The failing economy is hitting everyone - even top selling rappers. MediaTakeOut.com has learned that rapper 50 Cent is talking openly about his financial situation to the press.
Here's an excerpt from an article in The Canadian Press:
When 50 Cent put the 4,650-square-metre house up for sale, the listing mentioned its six kitchens, 19 bedrooms and 37 bathrooms. 50 Cent's additions included a 40-person hot tub and some of his own personal designer touches - like stripper poles.MediaTakeOut.com heard rumors that 50's pockets were real light before the Vitamin Water deal. Hopefully he ain't go through that money yet!!!He's been trying to sell it for US$18.5 million for more than a year now, and every night that he sleeps in the monster mansion he's reminded of Tyson's fall from grace.
"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," he said.
"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."
He's very aware of the downturn in the global markets and admits he's worried about watching his money disappear, even though he's got lots more of it hanging around.
"Well yeah, I lost a couple million dollars already, you see what I'm saying? 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."
come on anybody believein mto sayin 50 poccets were lite b4 his vitamina water deal is crazy lol 1st he invested in vitamin water he's not jus endorsed he put his own money in2 that company i mean yea he was broke 50 invested his money in2 vitamin water when his 1st cd came out he invested in vitamin water *** he invested in g-unit as a brand i mean come on fred or wtf yo name is u gon have 2 come wit sum link or sumthin better then jus sayin i heard rumors that b4 the deal he was broke this *** is the richest rapper rite now he above diddy rite now *** yall sayin he broke 50 had that house since G-unit beg for mercy
MTO must think their readers are dumb as bricks (and some are) but there is no way in hell 50 is going broke anytime soon. That man was number one on Forbes and he said he bought that house with money he made from his publishing ALONE.
That article is him saying that he's lost a few mill and learning how to spend his money wisely. He said he's making "conscious decisions" with his cheddar, not going broke
i mean this weekend u must have no news at all for u 2 say "50 mite be goin broke" come on lol thats liek a *** joke somebody sayin that man lol 50 cent broke thats like sayin Jay-z filed 4 bankruptcy lol or bobby brown *** amy winehouse entered celebrity rehab or detroit lions winnin a football game this season lol *** the real reason 50 is sellin that house is becuz he bought that house 4 the wrong reason i mean when u buy a house u buy it cuz u want that place 2 be your home no matter how many rooms u want 2 feel like u home 50 bought that house 2 prove that he had money like that lol same reason tyson bought it i mean if ur a rapper who is on the road for tour *** movies for *** near 300 days out the year why would u buy a 19 bedroom 37 bathroom house u think any *** is goin 2 let 19 people stay with him while he be on the road leavin all his valuables in there *** 50 is salin this house cuz he kno that 18.5 is the most he gon get 4 it cuz aint nobody gon want a 19 bedroom house unless they runnin a orphanage *** aint no orphanage bout 2 pay over 5 million dollars(the amount 50 paid for it) to have a orphanage so he sees that house as makin a 13.5 million profit rather losin money by keepin a stupid big *** house like that look at holyfield house he has like 107 rooms total *** his house is on the market for like 11 million in atlanta when he paid like 400 million 4 it
OK SOO 5O UMM WHY WOULD YOU BUY A HOUSE FROM MIKE??? CAN YOU SAY KARMA... YOUR IN THAT BAD OHMEN. OK IMM PUT ON MY MS. CLEO HAT. GETTOUT OF DAT HOUSE MUN, DERS NUTTIN GUUD DERE. BAD VIBE BAD VIBES. AN WHAT THE HELL YOU NEED 40 PPL IN A HOT TUB FOR DAT JUST NASTY MUN. DATS HOW JU GET STAPH INFESIOUS.ME JUST TRYN HELP YU BRUDDA!!
LOL NO BUT FOR REAL I DONT FEEL YOU CUZ I AINT GOT NO *** MONEY IN STOCK SO UMMM I DONT KNOW WHAT YOU TALKIN ABOUT.. YOU LOST A FEW MIL AND YOU GOT A SHOW ON MTV.. THAT DONT TRANSLATE TO BROKE TO ME!!!
mto this really a stupid post im sorry lol u have sum of the most dumbest post but this one is by far one of the most dumbest this *** 50 gets paid 500 *** 4 a performance *** his movie rate is 2 million dollars a film while not 2 mention his video game, his porno company,his book company,his deodorant endorsement,his website(which is really doin well with nearly 400,000 members),his record label,his memorabilla company,his tv show,o lets not 4get the man is investing in a diamond mine that can make a billion dollars off that one deal 50 cent is going to make history as the first rapper 2 be worth a billion dollars *** i give it bout 5 2 7 years *** that will set all kinds of new boundaries as a rapper that *** would be really lookin a real career with long term *** *** term goals *** ***
*** i love how they put at the end of that quote im scared of goin broke but its nowhere 2 be found in that interview nowhere does that *** say anything bout him goin broke but mto has him quoted as im scared of goin broke closes thing he comes 2 sayin that is when he talks bout mike tyson broke *** but he doesnt say o i mite b goin broke
kingill89 GOOD COMMENTS BUT I THINK HE GOT THAT HOUSE CUZ THAT WAS HIS 1ST HOUSE AND WAS GLAD TO GET OUT OF JAMAICA QUEENS BUT HE WAS GOING TO SELL THAT HOUSE LAST YR UNTIL V.WATER GAVE HIM THE MONEY CUZ HE WAS GOING TO GET A HOUSE NEAR HIS SON IN NY BUT THAT JOIN BURNED DOWN BUT HE HAS OTHER HOUSES TOO HE JUST STAY IN THIS ONE MORE BUT U KNOW HOW MTO IS THEY JUST POST ANYTHING ABOUT HIM WHETHER ITS TRUE OR NOT...
keeyshaj50
he was gon sell the house cuz he realize the mistake he made jus like he say he wishes he never bought them cars go look at that man tour dates that *** stay on the road so jus imagine payin a light bill a cable bill water bill for a 19 bedroom 37 bathroom a club a studio house *** u not even there most of the *** time u kno he got security guards at the gate *** the house keepers that *** 50 is paying salaries to people that aint even necessary 2 have a salay paid if im not home then im not gon pay a security guard 2 secure a empty house i mean his garage is prolly impossible to get in2 *** i bet he has everything insured so why would i be payin this security *** for *** these housekeepers if im not home *** my kid aint home the house is still on the market he hasnt took down dont have *** 2 do with vitamin water cuz truth is 50 was gettin 5 million dollar checcs from vitamin water monthly for endorsement *** his share of the profits so that money he got 4rm vitamin water really didnt effect his decision cuz its still on the market but he gon have 2 drop cuz aint nobody gon want no 19 bedroom house with a gucci room lol 6 kitchens lol
thats what happens when people live excessively. who needs 19 bedrooms and 37 bathrooms. hes a rapper, not an educated investment banker or stock broker who can bounce back. his career has a shelf life. he cant just go out and get another job if he loses his entertainment gig. it doesnt matter if youre a smart business man, this economy is taking everyone under. all of those wise investments he made in the past are going belly-up. people didnt forsee this happening to this magnitude. thats why you always have to prepare for the worst.
i am sooooo proud of him for keeping it real. you noticed, in this current market environment, he didn't encourage black folks to:
-purchase expensive cars they can't afford -by silly *** jewelry or gold/diamond teeth
there are some clowns out there right now doing exactly that despite now being the time to remailn vigilant. he is investing his money, being attentive and frugal. he is turning into quite a business savvy gentleman and i have nothing but love for that.
all right now mr. vitamin wata...lol
It was a bit much to begin with. I mean, come the hell on, why does ONE man with ONE child need THAT much house??? All these rappers will get their comeuppance one of these days with all this overspending they doing. I mean, we got hungry kids that aren't getting the best education, mamas who can barely make ends meet, daddies locked up or hustling and getting locked up or killed, grandmamas that are young as hell teaching their children and grandchildren nothing and our whole way of living and thinking and being is destroyed and these are the men that our sons and daughters idolize. It would serve him right if that house sat on the market for years to come and he took a loss. Donate the house to an orphanage or make it a community center for low income families, DO SOMETHING WORTHWHILE with your money fiddy. A house like this could be doing something for people instead of just sitting there as a testament to his bad judgement.
The economic situation has caused all of us to look at our books! No one is immune to loss of any kind.
Unfortunately most of US who come into money seek to impress others with worthless BS, instead of looking toward the future, getting a financial education and passing down our knowledge and wealth to our heirs.
Time to downsize and buy American (a *** to The D!).
stormzoe
u really belive 50 is goin broke come on if u really believe that than u will believe mto if they said the sky was trunin purple cuz they got a quote 4rm bill gates lol then ya comments is so inconsistent hit records Curtis was the Most Sold rap Album in the world last year yea kanye sold more in the us but guess what 50 sold 5 million records Worldwide nobody watches his show he is currently number 1 in ratings not only on mtv but he is number 1 on his time slot for all cable shows in that time slot nb he aint gotta sale vitamin water no more it was bought by a different company meanin he already got his big checc 4rm them the whole company was bought out meain he no longer has a share but is jus endorsed by them now vitamin water aint gotta sale even tho it do but yea ma i seriously worry about u if u believe what they jus told u that mean that u have a lot of cheatin boyfriends *** alot of people in yo life who done took advantage of you if u willin 2 believe that this man who had a article 4 months ago on this same website *** forbes magazine sayin he is the richest rapper is now broke u seriously need sum help if u believe that that recession aint effectin that man at all he is worth a over 600 million dollars *** made 100 million in one year *** he is only payin 7,500 in child support is now broke lol u serious need help if u believe that
kingill89 DUDE I KNOW HE STAYS ON TOUR ALL YR IF NOT THAT HES DOING A MOVIE HE STAYS FOCUS AND BUSY IM GLAD HE DOES THO BUT I HEAR WHAT U SAYING HE IS SPENDING ALOT OF MONEY ON THAT HOUSE BUT I AGREE WHAT YOU SAID ABOUTT HE HOUSE CUZ HE HAD THAT HOUSE PUT UP LIKE A YR AND HALF AGO AND NOBODY BOUGHT IT YET...
i think the fact the he's selling the house is an illustration of how he has evolved into a pretty smart business man.
people who come into money for the first time are most often the ones who flock to those expensive houses/cars for no other reason than wanting to know what it feels like to live that way. quite honestly it's bougie and highlights a ghetto mind set. we realllly need to learn how to start living BELOW our means.
the same goes for p-ditty when he was talking about the the price of gas a few months ago...i was so proud of him for keeping it real
people who go around playing "keeping up with the jones" are just plain silly and ghetto...i'm sorry. if they was really smart they would be finding ways to invest that money if not investing in themselves
every single one of you should invest in yourself. at the very least you should have a home based business for the tax relief alone
time to get smarter and quit throwing our money at people who don't care nothing about you
it kills me when i hear silly people go around making statements like, "i just spent 3k on these jimmy choos". i immediately think- who is this *** trying to impress and whyyyy...lol. jimmy choos and save nare a one of those heffas from desperate housewives from going under...lol...silly negros...i'm sorry but that is exactly what they are
is jimmy choo gonna save sherree *** from being out on the street?
is jimmy choo gonna help out kim now that big poppa got bored of her ***?
is jimmy choo gonna get lisa's kids back from keith sweat and btw how in the hell does a mother lose her *** kids?????? riddle me THAT batman!
lol...me thinks not...lol
placidity MY BAD HE HAD HIS BOXERS ON MTV CRIBS AND IN GRODT HE WAS *** ASS NAKED WELL FROM THE BACK HE DID'NT SHOW HIS FRONT ALSO IF U WANT TO SEE HIM IN HIS BOXERS ITS VIDEOS ON YOUTUBE WHERE HE PULLS HIS PANTS DOWN TO HIS ANKLES AND PICS ON HIS WEBSITE IM JUST LETTIN U KNOW WHERE U CAN SEE THOSE TYPES OF THINGS AT...
last but not least, he is extremely wise to keep mike tysons demise in the back of his head. i will always remember hitting rock bottom, i keep it very close like a dear friend...knowing where i never wanna go back to somehow helps keep things in perspective...a bit of a reality check. the person who humbels himself will always get my stamp of approval over a show off anyday.
now even thou i don't like dude like that i will never wish bad for him. c;mon now pple stop acting crazy 1.I know how it is to loose money in the stock market and trust me it aint nothing to smile about. 2. fiddy aint going broke no time soon trust me so he has nada to worry about. he just have to stay focus. 3. that house has bad luck lol. he better get rid of it quick quick quick. 4. that house was unnessasary he didn't need all that its just him and his son he didn't need 19 dis and 37 dat.
He should have never purchased... Mike's home... not a good investment.. when it all said and down that life style ... isn't the best ... messing with all types of women..drinking supporting this life style.. this artist need to get smart... it's all about keeping your money in your pocket...
Bad Luck!!!
Who in the world needs all those kitchen..
a tub for 40 ... that is gross. Imagine all the *** that has gone down in that water ewwwwwww....
texas glamour chic
storm
you two are some smart chicas. everytime i think back two years when gold was selling at 400 bucks and now seeing it sell over 800 bucks makes me want to just kick myself. commodoties are the way to to go in this environment and gold always performs well under these conditions. only if i was smart enough to get in on it two years ago my money would have doubled by now. tho i am hearing investers whisper they expect it to go to 2500.00 over the next few years.
i know what i want for xmas- a crystal ball...lol
and i say yall because...i've never purchased a 50 cd...never drank vitiman...now i did see the bootleg of get rich or die trying lol....overall if i did support something of his ... it was by mistake im sure....see when a persons ego gets bigger life...there is no need for my hard earned bucks.....when u alrealdy flossin on tv bout what u got and i dont have lol.....please...
@STORMZOE<<< @PLACIDITY<<< @MSPRALINE<<<
AND A FEW OTHERS...
YOU GUYS VARE EXACTLY RIGHT. NO ONE, AND I REPEAT, "NO ONE" IS IMMUNE TO BECOMING BROKE! JUST BECAUSE SOMEONE MAKES MILLIONS DOESNT MEAN THAT THEIR INVESTMENTS ARE PERMANENTLY STABLE. BEING THAT BANKS ONLY INSURE ACCOUNT HOLDERS UP TO $250K, VERY WEALTHY PEOPLE HAVE TO FIND OTHER MEANS TO INVEST THEIR WEALTH... THUS MOST GO WITH THE STOCK MARKET WHICH IS A GAMBLE WITHIN ITSELF!
(((NEWS FLASH)))
THE STOCK MARKET IS NOT GUARANTEED!
IT IS THE EQUIVALENT OF "GAMBLING" IN MANY RESPECTS, WHERE THE INVESTOR TRIES TO INCREASE OR "MAKE IT BIG" WITH HIS/HER CASH. REAL TALK. IT IS A REAL RISK, THAT'S WHY EXTREMELY WEALTHY PEOPLE HAVE A TEAM OF ACCOUTANTS AND ADVISORS TO HELP MINIMIZE LOSS.
IN THIS ECONOMY, WE ALL MUST BE CAREUL. THROWING AWAY MONEY IS JUST PLAIN 'OL STUPID. A GAZILLION BEDROOMS AND BATHROOMS FOR ONE DUDE IS GLUTTONOUS AND REDICULOUS. I GUESS IT'S GOOD THAT FIDDY AT LEAST RECOGNIZES THIS ISSUE NOW. WE SHOULD OBSERVE AND TAKE A LESSON IN ALL OF THIS.
He is such a liar...tell the truth 50, OVERSPENDING (not just window shopping), PARTYING (up in the club), and SUPPORTING LEACHES (yayo) is what got you BROKE!!
Dont blame it on the stock market because it is a hot button topic right now...
Ciara you better get out before 50 puts your Goodies on the auction block along wit his house...
@stormzoe
u cant compare hammer or whoeva 2 50 cent cuz guess what they not 50 cent that house is the only frivolous thing he bought *** its note really frivolous if he makin a profit off of it 50 has cars that are appreciatin in value what *** u kno is gettin cars that appreciate in value he has a ferarri f50 all it does is go up in value lol this man everytime he gets a piece of change is investin they said the stocc market hes investin in businesses hes investin in2 his own company imma cut u sokme slacc cuz apparently u dont kno nothin but these MTO Post but try piccin up a Business weekly *** learn sumthin 4 u speak up on sumthin by comparin it 2 other situations picc up a forbez the quote up there says 50 cent says he scared of goin broke it says that nowhere in the blog except the headline he doesnt say im scared of goin broke but if u read *** stop lettin MTO play you u will see he says he *** up his money in the stocc market its so many other money ventures u can have without bein in a stocc market stop lettin these fools play ya cuz next week they gon be talkin bout another rumor bout he made a billion dollars which is impossible but meaninjus cuz mto put sumthin dont buy in2 it *** its sad that u will believe that a man thast worth 600 million dollars *** has a performance pay out of 1/2 a million dollars a show is broke jus after 4 months they said he was the richest rapper i kno u have pride but its really *** over ya common sense ma think 600 million 4 months ago *** tourin wit a 500 *** a show rate goin broke in 4 months think bout jus think bout it lol MTO jus had a slow day *** wanted sum reactions which they got they stay givin stories like this on th weekend
if u believe 50 cent is broke u will believe mto if they said that halle berry was a alien or if they said the grass is purple i kno its possible but the fact *** that it aint possible at the rate he gettin paid for his shows he has a hit network tv show on MTV not BET BUT MTV WHITE CENTRAL LOL ONLy other brother on that network is Diddy lol im sayin if a rich blacc rapper was goin broke *** lost millions of dollars u think that mto would have the first scoop hell naw them white people would put that on every front page paper in the world the headline "Rich Blacc Rapper goes broke" especially with the obama situation they would love that *** put that on every cover in the world not some small article in a canadian or a post on MTO trust they want him 2 go broke so truest if this was true it would be everywhere not just this site *** its only on this site so if u believe this i fear for mind
*** this dude just got $$200 million dollars wtf.. Hell If I gotten $$200 million dollars *** that would last me a *** lifetime..
What's going thru his mine right now? 50 knowing that he always buy's all these houses cars throwing money at strippers vixens etc.
*** what you think hey 50 cent honey all that *** ain't necessary or Is It??
Give me 200 million dollars boy please I'll be Paid for Life
THE REAL STORY...
50 Cent has revealed that he has learned from the mistakes of fallen boxing legend Mike Tyson.
The rapper bought Tyson's home in Farmington, Connecticut in 2003 after the boxer fell on hard times. He said that the house, which features six kitchens and 37 bathrooms, is a reminder of the dangers of overspending.
"I'm waking up in a room that was previously Mike Tyson's bedroom, a fighter who earned over $500 million (£325 million) in his actual career, and when I purchased his house from him he was in bankruptcy," he said.
"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, real name Curtis Jackson, also admitted that he has felt the impact of the global economic credit crunch.
"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," he said.
[link to external website removed]
SO MTO WHERE YALL GET THIS BS AT LOL???
"Well yeah, I lost a couple million dollars already, you see what I'm saying? 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." ^^^HUH LOL???
50 needs to unload that dam big azz 6 kitchen house with the quickness. other than that, i think he'll be ok. he's seems very savvy . he needs to move that money around and explore more options and less riskiar firms maybe.., that's the key. if i were him i would get some second oppinions also, from other stock brokers and financial specialist that may have better insight on investments in a failing economy. losing millions just seems like some *** to me.
OWWWW LISTEN TO MY SONGS myspace.com/capitalc803 LISTEN TO MY SONGS myspace.com/capitalc704
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If you know ur History you know this was desighned to happen, 1907 JP Morgan caused the market to crash therfor caused fear in the American people,so the people would invest in these elite families who own the real money diamonds and gold and created a system where paper can be taxed we fell for it. 1913 Woodrow Willson sighned the Federal reserved act and later admited we are slaves to these bankers and will forever be in debt to the ILLUMINATI...We as AMERICANS ARE BLIND, AND DUMB, UNEDUCATED, and think MONEY solves problems KNOW UR KNOWLEDGE KNOW GOD or ALLAH....
(ORIGINAL BLACK MAN)
