After 12 years, 50 cents agreed to sell a giant villa at a loss of up to 84%
After a 12-year wait, 50 Cent’s massive Connecticut home was sold, but not for the asking amount.
The rapper, whose true name is Curtis Jackson, attempted to sell the 50-room mansion for $18.5 million after almost ten years of trying. According to PEOPLE, New York celebrity Fredrik Eklund of Douglas Elliman listed the house for $4.995 million in January 2018. miℓℓio𝚗 Dollar Listing Furthermore, it was rented for $100,000 a month.
According to the Wall Street Journal, he sold the house for $2.9 million, which is 84% less than what it was originally listed for. Douglas Elliman’s Jennifer Leahy negotiated.
The rapper “Get Rich or Die Tryin’” will not receive any of the proceeds from the mansion’s massive loss on sale. According to WSJ, a 50 Cent official told the publication that the transaction’s proceeds will go to his charity, G-Unity Foundation Inc., which awards grants to nonprofit organizations that improve the lives of those living in underprivileged and disadvantaged communities.
According to the description, the lavish estate boasts a “substantial” nightclub, an indoor pool and hot tub, and 19 bedrooms and 25 bathrooms. The 50,000-square-foot structure includes a recording studio, a gym, a home cinema, multiple game rooms, and a green-screen area.
On 17 acres, the palace is located. The property features a basketball court, pond with fountain, guesthouses, gardens, and a grotto reminiscent of a Playboy mansion. A 40-person hot tub was included in the listing, according to PEOPLE in 2007.
Unquestionably opulent, the property has had a good deal of problems. A Windsor, Connecticut guy broke into the house in May 2017, according to CBS Connecticut.
Jackson, who no longer resided there, allegedly laughed off the event on social media in a since-deleted post that said, “What my house got robbed, I thought I sold that MF.” Nothing seemed to have been taken. LOL.
The original owner of the 1985 construction was incarcerated for embezzling millions of dollars from investors. At a foreclosure auction, a bank repurchased the house, which it eventually sold to a bankrupt Lithuanian businessman a year later.
The next owner was Mike Tyson, who sold it in 1996 for $22 million. It was purchased by his second wife, Monica Turner, as part of their divorce settlement after six years on the market. She sold the property to Jackson for $4.1 miℓℓio𝚗 in 2003.
