50 Cent unloads Connecticut mansion, proceeds to go to charity
The value of 50 Cent’s Connecticut mansion has declined over the 12 years it has been for sale, the entertainer is likely over the moon that he finally unloaded the property—albeit at a hefty discount.
An undisclosed buyer purchased the sprawling property for $2.9 million, which Complex reports is far less than the $14.5 million it listed for in 2007 via Realtor.com.
50 Cent (born Curtis Jackson) purchased the residence for $4.1 million in 2003 from former heavyweight boxing champion Mike Tyson. No word yet on which charity will receive the windfall.
The 50,000 square foot property boasts 21 bedrooms and 25 bathrooms and features an indoor pool and hot tub, an indoor court, a green screen room, recording studio, full gym, indoor basketball court, conference room, and a night club, according to USA Today.
Bankruptcy documents from 2015 show 50 was spending nearly $70,000 a month maintaining the empty mansion, including property taxes and mortgage payments.
The Jennifer Leahy Team at Douglas Elliman Real Estate announced the sale on Facebook, writing: “Closed! I’m proud to announce the sale of one of the most iconic homes in Connecticut. I was relentless and never stopped believing that I could get it done for my client- even when we got denied countless times.”
Leahy added that she was “thrilled for 50 and so pumped for the new owner.”
Proceeds from the sale will reportedly be donated to the musician’s nonprofit, G-Unity Foundation.
In related news, 50’s show Power took home three trophies from the 50th NAACP Image Awards Sunday night, including Best Drama Series.
A day before the awards show, 50 Cent made time to shade Wendy Williams, again. The talk show host is said to have fallen off the wagon after her husband’s alleged mistress gave birth to his daughter.
On Tuesday, the hip-hop star and entrepreneur posted a heartfelt message to Nipsey Hussle’s family and friends in wake of his senseless murder on Sunday in Los Angeles.
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