50 Cent sells his Connecticut mansion for a $15.5 million loss: Rapper finally offloads his property with 21 bedrooms, a grotto inspired by the Playboy mansion and its very own club for $3 million, and donates all the money to charity
Rapper 50 Cent sold his 21-bedroom, 25-bathroom Farmington, Connecticut mansion for $3 million – $15.5 million less than what he paid for it 12 years ago – and donated all $3 million to his G-Unity Foundation.
Insiders close to the 43-year-old rapper told TMZ on Monday that he decided to forward the proceeds to his organization, which is focused on building the economy in low income communities via grants.
The In da Club rapper, whose real name is Curtis James Jackson III, initially paid $18.5 million for the property from its previous owner, Mike Tyson, in 2007.
Among the features of the house include a professional game room, a gymnasium, a luxe home theater, an infinity pool, a recording studio, a room with a green screen, a grotto inspired by the Playboy mansion, and a nightclub.
The Candy Shop rapper had made numerous attempts at selling the home – which is set over 17 acres – cutting his asking price on multiple occasions in his bid to move it.
In 2018, he sought the help of Million Dollar Listing New York’s Fredrik Eklund in attempting to sell the abode – which he hadn’t lived in for years.
After a break in at the home in May of 2017, the P.I.M.P. performer took to Instagram, writing, ‘What my house got robbed . . . I thought I sold that MF. LOL.’
He gave it to his ex-wife Monica Turner in a settlement in their split, and she subsequently sold it back to him at a price of $4.1 million in the fall of 2003, People reported.
Speaking with Oprah Winfrey in 2012, 50 Cent said buying the home from the boxing icon reminded him of the importance in watching where his money was going.
‘Mike earned over $400 million … he sold the property to me when he couldn’t keep it,’ the musical artist said. ‘So it keeps you conscious of it. I never understand how artists get in a great situation and then not have time to count money.
‘Like, I have plenty of time. I’ll sit down and count the money with the accountant.’