American rap star, 50 Cent, has admitted to selling his old diamonds before buying any more sparkly gems.
He told The Telegraph newspaper: “I buy diamonds on a very regular basis, but now I am selling my old stuff before I get something new… The credit crunch has hit rap. These are times when you learn about the value of money.”
The 34-year-old revealed he had lost “a few million” from his estimated £270 million fortune but that it was inevitable.
“If you don’t lose money in this recession, it means you didn’t have enough to start off with,” he said.
“Sure, I lost a few million, but that’s because I have so much. This is a time that will sort out the strong from the weak. Any businessman who wants a piece of the future should learn for me. Obama is great. If he wants me as his financial adviser that would be cool.”
Signed to Eminem’s record label Shady Records and Dr. Dre’s Aftermath Entertainment, 50 Cent first entered the mainstream with the song and video hit, ‘Wanksta’ on the soundtrack for Eminem box-office smash, 8 Mile.
His 2005 album, Get Rich or Die Trying, reached Platinum sales six times in the US and twice Platinum in UK – selling 11 million copies worldwide.
The gangster rapper, real name Curtis Jackson, is starring in British crime movie Dead Man Running as a New York loan shark. The film opens on 30 October at cinemas nationwide.
