When 50 Cent isn’t clowning Omar Hardwick or Wendy Williams on Instagram it appears he is either consulting Birdman or raising millions for charity. On Monday (April 1), TMZ reports the rapper sold his massive 21-bedroom 25-bathroom Connecticut mansion for nearly $3 million.
Sources told TMZ the rap superstar will donate every penny from the sale of the house to his charity, the G-Unit Foundation — an initiative providing grant funding to nonprofit organizations specializing in investing in low-income communities.
According to the Hartford Courant, Fif bought the estate, which features nine kitchens, indoor and outdoor pools, basketball courts and loads more, for $4.1 million in 2004. He reportedly invested close to the tune of $10 million into the gargantuan pad.
The property was first listed for $18.5 million in 2007, and with it being sold for a confirmed $2.9 million, he let it go for 84 percent less than the initial asking price.
Hartford Courant reports 50 claimed it cost $67,000 a month to maintain the property. Additionally, it shows the property tax on the mansion was $120,000 yearly. It doesn’t look like he is going to miss the insane crib much, though.
“I said I don’t want big estates any more, but I will push the limits in these buildings,” 50 captioned a crazy video of a car rising through the floor of what appears to be a condo.
Though Curtis did take a small loss on the final price tag of the property, the G-Unit Foundation scored a major win.
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Donating to himself…how thoughtful. None of this money will go to help anyone.
That’s a big loss. Get better property agents Fif
“A small loss” – whatever hack wrote this better go the website he got his journalism degree from and see if he can buy one for maths too
Sounds shady. Seems like a very big loss on a 21 bedroom mansion and proceeds going to his own charity? It’s either an extremely bad business or a shady deal. Who buys a house for 4.1 million in 2004 and sells it for 3 million in 2019? Real estate don’t depreciate like that
It does if it hasn’t been maintained properly.
He’s going to be taking that loss on his tax returns for years to come. Was actually smart if his income goes up drastically in various years. The loss can be spread over several years to save on taxes………that’s how Trump avoids paying taxes.
sure fif smart enough to throw a bee hive, some chickens, alpacas, or a plot big enough to farm & to qualify for no property taxes it doesn’t take much
Salute to the brotha for doing good deeds. That loss sounds like chump change compared to all the deals he’s been making lately. Take notes ladies and gentlemen.
This report is false. It was sold a long time ago. Do your research before this click bait post please
His charity is actually called the G-Unity Foundation, not G Unit Foundation
Gotta pay them taxes