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50 Cent Sold his Connecticut Mansion in 3$million – 15.5$million loss

You need a big heart to incur a loss of nearly 84% while you sell the house (Mansion in case of 50 Cent), which is about $12million. Yeah, you need a big heart to sell the mansion for $2.9 million for which once you asked for $18.5million, and 50 Cent the rapper has got one. Finally, Mr James Jackson aka rapper 50 Cent sold his Connecticut mansion for $3M and is reported to have donated the amount to the charity G-Unity Foundation which is focused on improving the quality of life for low-income and underserved communities across the United States.

It was back in 2003 when the musician Mr Jackson bought the house from its previous owner former boxer Mike Tyson for $4.1 million, says the property records. The deal made then is said to be the most expensive home ever. Approximately spread over 50,000-square-foot the mansion is a 21-bedroom, 25-bathroom, including a professional game room, a gym, a luxury home theatre, an infinity swimming pool, a basketball court, a recording studio, a room with a green screen, a grotto inspired by the Playboy mansion and also a night club, the walls of the mansion are covered with the artwork depicting his tattoos all over the place.

The rapper made multiple attempts for selling the mansion and also wanted $18.5million for the very mansion in 2007, but then had to continually drop its price over the years, which went down to $5million by 2018 It was not 4$million that cost but it is reported to have cost him an extra $6million to $10million for renovation.

50 Cent Sold his Connecticut Mansion in 3$million - 15.5$million loss

The estate cost the rapper almost $70,000 every month including property taxes and mortgage payments, and very recently in January on the Late Show with Stephen Colbert, James talked about the headache he had while just owning and maintaining such a large house. Things have started to break down not because of the overuse but because they are never used, the lights have started to flicker down. The recent market for the real estate in Connecticut is running soft and maybe is the reason why the sale for such a colossal mansion had to incur a loss.