Entertainment

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. miβ„“β„“ioπš— 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 β€œGet 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 β€œsubstantial” 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, β€œWhat 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 miβ„“β„“ioπš— in 2003.

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