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.

18 PHOTOS
50 cent mansion
See Gallery
50 cent mansion
Photo Credit: Coldwell Banker
Photo Credit: Coldwell Banker
Photo Credit: Coldwell Banker
Photo Credit: Coldwell Banker
Photo Credit: Coldwell Banker
Photo Credit: Coldwell Banker
Photo Credit: Coldwell Banker
Photo Credit: Coldwell Banker
Photo Credit: Coldwell Banker
Photo Credit: Coldwell Banker
Photo Credit: Coldwell Banker
Photo Credit: Coldwell Banker
Photo Credit: Coldwell Banker
Photo Credit: Coldwell Banker
Photo Credit: Coldwell Banker
Photo Credit: Coldwell Banker
Photo Credit: Coldwell Banker
Photo Credit: Coldwell Banker
HIDE CAPTION
SHOW CAPTION
of
SEE ALL
BACK TO SLIDE

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.

42 PHOTOS
States where Americans pay the highest in state income taxes
See Gallery
States where Americans pay the highest in state income taxes

California

State income tax: 1% to 13.3% 

Maine

State income tax: 5.8% to 10.15%

Oregon

State income tax: 5% to 9.9%

Minnesota

State income tax: 5.35% to 9.85%

Iowa

State income tax: 0.36% to 8.98%

New Jersey

State income tax: 1.4% to 8.97%

Vermont

State income tax: 3.55% to 8.95%

Washington, DC

State income tax: 4% to 8.95%

New York

State income tax: 4% to 8.82%

Hawaii

State income tax: 1.4% to 8.25%

Wisconsin

State income tax: 4% to 7.65%

Idaho

State income tax: 1.6% to 7.4%

South Carolina

State income tax: 0% to 7%

Connecticut

State income tax: 3% to 6.99%

Arkansas

State income tax: 0.9% to 6.9%

Montana

State income tax: 1% to 6.9%

Nebraska

State income tax: 2.46% to 6.84%

Delaware

State income tax: 2.2% to 6.6%

West Virginia

State income tax: 3% to 6.5%

Georgia

State income tax: 1% to 6%

Kentucky

State income tax: 2% to 6%

Louisiana

State income tax: 2% to 6%

Missouri

State income tax: 1.5% to 6%

Rhode Island

State income tax: 3.75% to 5.99%

Maryland

State income tax: 2% to 5.75%

North Carolina

State income tax: 5.75%

Virginia

State income tax: 2% to 5.75%

Oklahoma

State income tax: 0.5% to 5.25%

Massachusetts

State income tax: 5.1%

Alabama

State income tax: 2% to 5%

Mississippi

State income tax: 3% to 5%

Utah

State income tax: 5%

Ohio

State income tax: 0.495% to 4.997%

New Mexico

State income tax: 1.7% to 4.9%

Colorado

State income tax: 4.63%

Kansas

State income tax: 2.7% to 4.6%

Arizona

State income tax: 2.59% to 4.54%

Michigan

State income tax: 4.25%

Illinois

State income tax: 3.75%

Indiana

State income tax: 3.3%

Pennsylvania

State income tax: 3.07%

North Dakota

State income tax: 1.1% to 2.9%

HIDE CAPTION
SHOW CAPTION
of
SEE ALL
BACK TO SLIDE

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.

The post 50 Cent unloads Connecticut mansion, proceeds to go to charity appeared first on theGrio.

The 10 Most Overlooked Tax Deductions

Don't overpay taxes by overlooking these tax deductions. See the 10 most common deductions taxpayers miss on their tax returns so you can keep more money in your pocket.

Read More

Brought to you by TurboTax.com

How to Find a Good CPA for Your Taxes

Finding a good CPA for your taxes is simple with these seven tips: 1. Ask about their specialization; 2. Verify their identification number, 3. Look up their license, 4. Consider their experience, 5. Confirm their willingness to sign, 6. Ask for advice, and 7. Determine their fees.

Read More

Brought to you by TurboTax.com

Reporting Self-Employment Business Income and Deductions

Self-employed taxpayers report their business income and expenses on Schedule C. TurboTax can help make the job easier.

Read More

Brought to you by TurboTax.com

2018 Tax Reform Impact: What You Should Know

Congress has passed the largest piece of tax reform legislation in more than three decades. The bill went into place on January 1, 2018, which means that it will affect the taxes of most taxpayers for the 2018 tax year.

Read More

Brought to you by TurboTax.com
Read Full Story
Your resource on tax filing
Tax season is here! Check out the Tax Center on AOL Finance for all the tips and tools you need to maximize your return.