50 Cent Finally Sold His Enormous Mansion… For A Measly $8 Million
50 Cent finally managed to sell his gigantic mansion, but he’s made a huge loss on it. The rapper/business mogul filed for bankruptcy just last year, after he was ordered to pay his ex $7 million for posting a sex tape of her online.
The property will actually get a great new use, as it’s been bought by a nursing home company.
In 2003, 50 Cent seemed untouchable. He released the album Get Rich Or Die Tryin’, which featured massive hits like “In Da Club” and “P.I.M.P.”. It was at the height of his career that he snatched up the huge mansion from Mike Tyson for a small $4.1 million.
He ended up putting over $10 million in renovations in the property. On top of that, spends a monthly $72,000 on maintenance of the house, including $5,000 a month on gardening.
The gigantic 50,000-square-foot home boasts 21 bedrooms, 25 bathrooms, and nine kitchens. It also has a helicopter pad and an infinity pool, amongst a long list of other renovations 50 Cent made upon purchasing the property.
The home, based in Farmington, Connecticut, features two swimming pools, a private cinema, a private casino, a gym, racquetball courts and a huge disco room with stripper poles.
When 50 Cent, real name Curtis Jackson III, initially listed the property for 2007, he wanted $18 million for it, but he’s had to gradually drop the price since then. Eventually, it sold for not even half of that.
In the summer of last year, Jackson was ordered to pay Lastonia Leviston $7 million for posting a sex tape of her on his website. The woman, who has a child with rapper rival Rick Ross, said the tape destroyed her life and drove her to contemplate suicide.
With more than 22 million albums sold, Forbes once estimated the entertainer and businessman’s net worth at $150 million. This came largely from his ventures in fashion, beverages, and music technology. He also had a huge endorsement from Vitamin Water and has tried his hand at acting.
Strangely, in his bankruptcy paperwork, he claims to be $32 million in debt. In court, he claimed all his cars and bling were borrowed.
However, the bankruptcy papers do state he owns seven or eight cars worth over $500,000, including a Rolls Royce Phantom and a Bentley.
It was just 2012, when the artist showed off his house to Oprah’s camera crew.