Source: Shareif Ziyadat / Getty
50 Cent Takes Major Loss On Sale Of Connecticut Mansion
50 Cent is a master of spin and distraction, but there’s no silver lining in this gloomy cloud.
According to a CBSNews report, the unnecessarily big Connecticut mega mansion that Curtis Jackson bought from Mike Tyson years ago has FINALLY been sold…for FAR under the initial asking price. 50 bought the home from the former boxing champ in 2003 for $4.1 million and has since poured MILLIONS of dollars into it for renovations. In 2007, the rapper looked to sell the crib for $18.7 million but there were no takers.
Recently, the price had dropped to a desperately low $4.95 million, but today we get word that the final sale price was even worse.
50 agreed to sell the home for just $2.9 million, $1.2 million less than what he paid, and not even half of what he put into the home. NYDailyNews estimates that he spent somewhere between $6 million and $10 million to make the place sellable. With a 21 bedrooms and 35 bathrooms, as well as a movie theater, gym, indoor pool and basketball court, that $2.9 million price tag might as well be free.
50’s now-former crib appeared on an episode of Million-Dollar Listing last year and he vowed to pull the property off the market for other uses:
“It would be interesting to have programs where we could escape the cities and kids from the inner cities to go out and just be creative, to kind of hone in, you know, on the arts and stuff like that,” 50 Cent said in the episode. “They’ll be able to use the recording studio and the fitness areas, the pools, everything. It’ll be a cool summer camp house.”
He took quarter water and sold it in bottles for two bucks, Coca-Cola came and bought it for billions. 50 will be fine, he just has to take this L.
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