Finally, after a long 12-year wait, 50 Cent’s huge Connecticut estate has been sold, but not for the original asking price. The rapper, known by his real name Curtis Jackson, had been trying to sell the 50-room mansion for $18.5 million for almost a decade. However, in January 2018, New York celebrity real estate agent Fredrik Eklund of Douglas Elliman listed the property for $4.995 million on his show Million Dollar Listing. Additionally, the estate was rented out for $100,000 a month.
As reported by the Wall Street Journal, the property was sold by him for $2.9 million, a significant 84% reduction from its initial listing price. The negotiation was handled by Jennifer Leahy from Douglas Elliman.
The rapper known for his album “Get Rich or Die Tryin'” won’t be pocketing any of the money from the sale of his mansion, which resulted in a significant loss. Instead, as reported by WSJ, a spokesperson for 50 Cent stated that the funds will be directed to his charity, G-Unity Foundation Inc. This organization provides grants to nonprofits that work towards enhancing the quality of life for individuals in disadvantaged and underserved communities.
As per the details provided, the extravagant mansion features a sizable nightclub, an indoor pool with a hot tub, as well as 19 bedrooms and 25 bathrooms. Spanning 50,000 square feet, the property also offers amenities such as a recording studio, a fitness center, a private cinema, various entertainment rooms, and a green-screen space.
Situated on a sprawling 17-acre property, the palace boasts a range of features including a basketball court, a tranquil pond with a fountain, charming guesthouses, lush gardens, and a captivating grotto reminiscent of a luxurious mansion. Notably, the property also includes a 40-person hot tub, as reported by PEOPLE magazine back in 2007.
Certainly luxurious, the estate has faced numerous issues. A man from Windsor, Connecticut, broke into the residence in May 2017, as reported by CBS Connecticut. Despite no longer living there, Jackson apparently made light of the incident on social media in a now-deleted post, jokingly saying, “I thought I sold that place when my house got robbed. Nothing was taken though. LOL.”
The person who originally built the house in 1985 was sent to prison for stealing a lot of money from people who invested in it. The bank ended up buying the house at a foreclosure auction and later sold it to a businessman from Lithuania who later went bankrupt.
After that, the house was bought by Mike Tyson in 1996 for a whopping $22 million. When he got divorced from his second wife, Monica Turner, she ended up with the house as part of their settlement after trying to sell it for six years. Eventually, she sold it to Jackson for $4.1 million in 2003.
