Rapper 50 Cent sells huge mansion at a loss of 84% after 12 years

50 Cent’s enormous Connecticut home sold after 12 years, but not for his initial asking price.

After almost ten years of trying to sell the fifty-room mansion, the rapper—real name: Curtis Jackson—lowered the asking price from $18.5 million. According to PEOPLE, millionaire listing Fredrik Eklund of Douglas Elliman listed the mansion for $4.995 million in January 2018. Furthermore, it was rented for $100,000 a month.

 

The Wall Street Journal reported that he sold the home for $2.9 miℓℓio𝚗, 84% below the initial listed price. Douglas Elliman’s Jennifer Leahy negotiated.

The rapper “Get Rich or Die Tryin'” will not receive a dime 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.

The lavish home is described as having a “substantial” nightclub, an indoor pool and hot tub, 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.

The palace occupies 17 acres. The land has a pool, pond with fountain, basketball court, guesthouses, gardens, and a Playboy mansion-style grotto. In 2007, PEOPLE stated the listing included a 40-person Һоt tub.

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. Haha.

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. In 2003, she sold Jackson the mansion for $4.1 million.