At first, he just wanted to rent it out but now,50 Cent is finally ready to let go of his famous 50,000-square-foot palace in Farmington, Connecticut after Hartford Courant reported on Wednesday, August 26, the mansion is on the market.
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Rapper's million-dollar estate finally placed on sale
Fiddy (whose real name is Curtis Jackson) acquired the property from former boxing champion, Mike Tyson, back in 2003 and has been struggling to sell it since 2007.
50 Cent claimed to have gone bankrupt but was instructed to pay Leviston a total of $7m
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Fiddy (whose real name is Curtis Jackson) acquired the property from former boxing champion, Mike Tyson back in 2003 and has been struggling to sell it since 2007.
As we earlier reported, the rapper wants to exchange the expensive mansion for some real cash which could help get him out of the 'bankruptcy' status he is currently in. In fact, he filed for Chapter 11 bankruptcy protection last month.
The mansion boasts a jaw-dropping 21 bedrooms, 24 bathrooms, a dance club inside, a helipad on top, a huge gym, massive pool, and basketball courts both inside and out — and costs him $72,000 per month to maintain.
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According to the Courant, Jackson was trying to lease the property to raise money. The original 2007 listing priced the house at $18.5 million, but it has dropped steadily over the next five years.
Back in May, Forbes listed 50 Cent's net worth at $155 million, but after the shocking July bankruptcy filing it's difficult to specify exactly how much the rapper is truly worth. BusinessInsider reports that the rapper apparently has $108,000 per month coming out of his pocket for expenses and lawsuits and even tricked the world into believing he was way richer than he actually is.
TMZ claims the famous mansion is financially cursed because its previous owner, Mike Tyson, went bankrupt while living there, and a Lithuanian businessman also went belly up when he called it home.
But then, for a man who has $10 million in cash and $500,000 in cars as well as multiple endorsement deals and ongoing business ventures, it's hard to believe 50 is really broke.
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