50 Cent Sells Mansion For 84% Less Than Original Price, Donates Money To Charity
Written by KFAT on April 11, 2019
Fourth Estate Staff
Farmington, CT, United States (4E) – 12 years since putting it up on the market, 50 Cent has finally sold his massive mansion in Connecticut. The downside is that it was only sold for a fraction of its original price.
50 Cent’s Farmington mansion was sold for only $2.9 million, a far cry from its original listing price. In 2007, the property was first listed for $18.5 million, The Wall Street Journal wrote. The rapper, whose real name is Curtis James Jackson III, therefore incurred an 84 percent loss in the transaction.
According to Zillow, the asking price for the estate continued to slide gradually since it was put on sale.
Jackson purchased the sprawling mansion in 2003 from boxer Mike Tyson. He purchased it for $4.1 million but was said to have spent millions of dollars into renovations.
The lavish home sits on a 50,000 square-foot expanse and features 21 bedrooms and 19 full bathrooms. It also boasts a recording studio, indoor pool, conference hall, home theater, and game rooms.
The original listing for the estate also included photos of a basketball court and night club that had murals of the rapper.
A source close to the musician told TMZ that the entire proceeds of the sale will be donated to his G-Unity Foundation, which provides grants to non-profit organization that aim to improve the lives of low income earners and less privileged communities across the United States.
When 50 Cent filed for bankruptcy in 2015, it was revealed that he owed close to $70,000 in monthly fees for his Farmington estate.
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