50 Cent has not sold his Connecticut mansion, a representative for the G-Unit rapper told People.
“It is not sold yet,” the source says, “there are offers they are reviewing and it is still on the market.”
TMZ reported yesterday (March 2) that 50 Cent sold the 50,000 square foot home for $8 million to developers who wanted to turn the property into an assisted living facility.
The rapper filed for bankruptcy in July and the court must approve any potential sale of the mansion, which 50 bought in 2003 for $4.1 million.
“There is no signed contract in place to purchase the property,” the Power producer’s attorney told People. “Until such time as a formal contract has been approved by the Bankruptcy Court and executed, the property will remain listed and for sale to all interested buyers.”
50 Cent first put the house on the market in 2007 for $18.5 million.
(This article was first published on March 2, 2016 and is as follows.)
50 Cent sold his Connecticut mansion for $8 million, according to TMZ.
The buyer of the G-Unit rapper‘s 50,000 square foot home is planning on renovating the 21-bedroom, 25-bathroom property into an assisted living center for the elderly.
The mansion features an infinity pool, helicopter pad, basketball courts, casino and nightclub.
50 Cent originally put the house up for sale in 2007 with an asking price of $18.5 million. He’s slowly lowered the price. It was set to $9,999,999 in 2011 and dropped it again to $8.5 million in December.
He purchased the property in 2003 from Mike Tyson’s ex-wife for $4.1 million and reportedly spent between $6 million and $10 million on renovations.
The Power producer filed for bankruptcy in July and, in court documents, he says he spends $72,000 per month on the home and $5,000 on gardening.
For additional 50 Cent coverage, watch the following DX Daily:
Now he’s a dollar and three quarters.
Shit’s looking up.
DAMN, he was selling it for 18.5 Million but had to lower the asking price to 8 Million? lol And they’re making it into a home for old people…Wow..I bet Curly never thought this would happen when he bought the place. The dude thought he would be living in luxury forever. haha 8 Million down, 28 Million to go for the rest of the debt! Better keep selling your shit!
He was 27 in 2003 so young man made a mistake for buying house so big. At least he sold for 8 millions. you working at burger king. Lol the day u make 50 grand just 50 grand come back let me know.
He hasn’t lived there in years, and your saying that the mansions he owns in South Africa where the rest of his money is isn’t luxurious?
So the cheese eating rat fuck had to sell his house? My heart bleeds for poor ol fiddy.
them old folks are really gonna enjoy the gun range he got in there!
he bought the house for 4ms, sold it for 8 you fools. he “doubled up” (this his song of the same name) this is a win no matter what. he hasnt lived there in years. sleek audio might get some of their money but ross bm aint getting a dollar outta him.
Except for the fact that he spent 6 to 10 on renevations.
You must have been a math whiz in school you dumb fuck
And, that does NOT the $800,000 a mo. his dumbass was spending monthly on maintenance alone since he 1st purchased it back in ’07.
He wasn’t spending 800,000 a month on the house. What crack are you smoking? That would be 9.6 mill a year in maintenance
Ni**as searching documents like Jarule back in the day to throw some shade at fifty, gtfo
Yo… if I was an old nigga I’d be takin my ass to live out life at 50s exmansion. I can see my grandpops gettin it in with some honeyz over there on the real
I bet y’all didn’t know that he owned a few mansions in NJ that he sold for a hefty profit (look it up). That’s the reason he bought this house….he was buying up houses and selling/flipping them. He had a team he was working with that guided him on what house to buy. They just dropped the ball on this one – it’s apart of business, u win some, u lose some…..and just like in business (or like 50 does) he sued them for the bad advice and they settled out of court (look it up).
I bet you didn’t know that we don’t give a FUCK…
That’s true only fifty’s dick suckers are pretending that they are living in his world LOL
Ppl tend to forget why media goes after colored skin folks and the hate ppl display only gives them power….sadly
50 cent broke ass need to go fuck himself with his lack of money
You hating ass nigg@s need to do some reasearch considering they just discovered another $118 million in assets and cash he had tucked away but yeah he’s broke lol
If that was true 1. he would be in jail for bankruptcy fraud. 2. he would never have filed for bankruptcy because he owes less than $30 million total to all his creditors including the headphoen company and that tramp.
jdf
T^hem Old Folks are going to love the gun range and huge inside and outsie Swimming Pools, and inside Basketball Court lol. His house so huge they are making it an elderly home. GetMoney
50 Cent sure looks like a fuckin gorilla..
you McDonald workin ass mofos better shut the fuck up and try not to debate on everything, dude’s a business man, im pretty sure he knows what to do better than yall, and even right now he got more money than you and your pops will ever have…
plus, how can yall forget your moms twerkin it to “In Da Club” ? such ungrateful ignorant bastards.
People man , its not even a race thing , people are jus disgusting (myself included).
haha, you haters will never see close to 8mill in yr lives. so sit in a corner somewhere
One question who did 50 snitched on?and dont say preme cus thats a lie
He needs to be locked up. Black people always rob each other. I bet he was a high school drop out or had no father like most black boys. Blacks men are go for smoking crack making babies and serving time. I feel sorry for black woman.
I feel more sorry for the ignorance you display. 50 is a scumbag, he is from queens (if you from ny….you already kno). Dont let any of his moves surprise you.
tmz wrong again. i wish that website would die and go away
Ross ugly prostitute baby momma is gonna be so disappointed this wasn’t true. Bet she was already spending that money in hear head.
Hope plastic surgery is on the list.
Somebody please tell me why hhdx is quick to quote tmz when a story they posted themselves turns out to be false? This site is a joke and I feel like a clown for carrying on supporting it
had to sell coz hes broke lmao, snitchy cent how the mighty have fallen
And he made a word: “BROKE” with the money for that mansion. Broke ass niqqa Curly Curtis.
The Article is from Victoria “Fucktard” Hernandez the worst Twitter Journalists out there. What do you expect?
True shit but hey some how she got the job @ hhdx