50 Cent Sells Huge Connecticut Mansion After 12 Years for an 84 P.c Loss

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50 Cent’s large dwelling in Connecticut has lastly offered after 12 years available on the market — and it was no the place close to his authentic asking value.

The rapper, nee Curtis Jackson, couldn’t discover a purchaser for the 50+ room mansion for over a decade and frequently slashed the value down from its authentic $18.5 million reported asking value.

The house was most just lately listed for $four.995 million with Million Greenback Itemizing New York star Fredrik Eklund of Douglas Elliman, PEOPLE confirmed in January 2018. It had additionally beforehand been listed for hire at $100,000 monthly.

In line with the Wall Avenue Journal, he let go of the house for $2.9 million, which is 84 % lower than the unique itemizing value. Jennifer Leahy of Douglas Elliman brokered the sale.

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Nonetheless, though the mansion was offered at a large loss, the “Get Wealthy or Die Tryin’” rapper won’t pocket any of the cash. A spokesperson for 50 Cent reportedly instructed WSJ that the proceeds of the sale can be donated to the G-Unity Basis Inc., his charity that’s devoted to offering grants to nonprofit organizations that concentrate on bettering the standard of life for low-income and underprivileged communities.

The extravagant dwelling consists of 19 bedrooms, 25 loos, an indoor pool and scorching tub, and a “substantial” night time membership, in accordance with the itemizing. A number of sport rooms, a green-screen room, a recording studio, a full gymnasium and a house theater will also be discovered within the 50,000-square-foot construction.

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The palatial pad sits on roughly 17 acres. The lot contains a pool, pond with fountain, basketball court docket, guesthouses, gardens, and a Playboy mansion-style grotto.

When PEOPLE first reported on the itemizing in 2007, the latter was mentioned to have a scorching tub that seats 40 individuals.

Inarguably opulent, the home has had its fair proportion of issues. In Might 2017, a Windsor, Connecticut, man allegedly broke into the mansion, in accordance with CBS Connecticut. Nothing seemed to be stolen, and Jackson — who now not lived there — reportedly laughed off the incident on social media in a publish that’s since been deleted, writing, “What my home acquired robbed, I believed I offered that MF. LOL.”

WATCH THIS: Fredrik Eklund’s Tribeca Home Tour

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However the storied historical past dates again to the unique proprietor of the 1985-build, who was finally jailed for embezzling tens of millions from enterprise traders. The home was purchased again by a financial institution at a foreclosures public sale, and later bought by a Lithuanian businessman who filed for chapter a yr after.

Boxer Mike Tyson scooped it up subsequent, after which listed it in 1996 for $22 million. It sat available on the market for six years earlier than it as awarded to his second spouse, Monica Turner, of their divorce settlement. She then offered the property to Jackson in 2003 for a reported $four.1 million.

Jackson filed for chapter in 2015, and settled in July 2016, agreeing to repay $28 million in debt, in accordance with Billboard.



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