Lifestyle
50 Cent’s Bittersweet Sale: The Heartbreaking Story of His Giant Villa, Sold at an Unprecedented 84% Loss After 12 Years
50 Cent’s enormous Connecticut home sold after 12 years, but not for his initial asking price.
The rapper, whose real nɑme is Curtis Jackson, tried to sell the 50-room home for nearly a decade, lowering the price from $18.5 miℓℓio𝚗. In January 2018, miℓℓio𝚗 Dollar Listing New York star Fredrik Eklund of Douglas Elliman listed the home for $4.995 miℓℓio𝚗, PEOPLE reported. It was also 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 “Get Rich or Diе Tryin’” rapper won’t get any of the money from selling the mansion at a huge loss. A representative for 50 Cent reportedly informed WSJ that the revenues of the transaction would be transferred to the G-Unity Foundation Inc., his charity that is dedicated to distributing grants to charitable groups that focus on enhancing the quality of life for low-income and vulnerable areas.
The description says the opulent mansion has 19 bedrooms, 25 bathrooms, an indoor pool and Һоt tub, and a “substantial” night club. The 50,000-square-foot building has several game rooms, a green-screen room, a recording studio, a gym, and a home theater.
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.
Inarguably lavish, the property has had its fair share of issues. CBS Connecticut said a Windsor, Connecticut man broke into the home in May 2017.
Nothing appeared to be stolen, and Jackson — who no longer lived there — reportedly laughed off the incident on social media in a post that’s since been deleted, writing, “What my house got robbed, I thought I sold that MF. LOL.”
The 1985-build’s original owner was imprisoned for embezzling miℓℓio𝚗s from business backers. A bank bought the house back at a foreclosure auction and sold it to a Lithuanian businessman who went bankrupt a year later.
Mike Tyson bought it next and sold it for $22 miℓℓio𝚗 in 1996. After six years on the market, his second wife, Monica Turner, received it in their divorce settlement. She sold the mansion to Jackson for $4.1 miℓℓio𝚗 in 2003.