50 Cent too feels pinch

US rapper 50 Cent is feeling the effects of the global economic downturn - having been forced to slash the price of his Connecticut mansion by $4million (about R37,8m).

US rapper 50 Cent is feeling the effects of the global economic downturn - having been forced to slash the price of his Connecticut mansion by $4million (about R37,8m).

The In Da Club star originally put the house, formerly owned by boxer Mike Tyson, on the market for $18,5million (R170,5m) but the property is now listed at a reduced price of $14,5million (R132,6m).

Realtor Deborah Orr explains: "It's the market. With a unique property, everyone acknowledges it's difficult to pinpoint the perfect market price. We need to stimulate some activity.

"That was the intention of the price cut."

50 Cent bought the mansion in 2003 for $4million. - Wenn

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