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50 Cent Finally Sells Connecticut Mansion


(AllHipHop News) 50 Cent told his mansion for a cool $8 million.

The rapper’s home is going to be gutted and converted into an assisted living center for elderly people, according to reports. The home spans 50,000 square feet, 21 bedrooms and 25 bathrooms.

The home originally went on the market in 2007 for$18.5 million, but the rapper was unable to unload it at that price. In 2011, the price had come down to under $10 million and then $8.5 million in December.

50 Cent purchased the home from boxer Mike Tyson for $4 million in 2003 and spent upwards of $10 million in renovations.

50 filed for bankruptcy in July.

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  • Real Talk

    Finally sold it at loss to pay Rick Ross baby mama… Karma is killing u Fiddy

    • Drake’s 3rd best Ghostwriter

      He’s got a lot of money though. I wish Karma was killing me this way too.

      • Word…people still dumb enuff to think this man is “broke”

      • STEPH

        How do I sign up for 50’s fan club?

    • STEPH

      LMAO!

  • therealest1

    That’s why you should never make exorbitant improvements if you own a home of any kind whether it’s a house or condo.

    A lot of people assume if they renovate with a lot of flashy shits in a home, the home can be resold at an astronomical profit in addition to wanting to live an opulent lifestyle. Not true at all because most of those materialistic parts or fixtures aren’t practical for an average household so there won’t be a demand or even consideration for that when people are buying a home.

    Although it was ignorant of 50 to spend $10 million in renovations, at least it wasn’t as bad as MC Hammer spending $20 million or more to renovate his foreclosed house which only resold for $2 million, the true value of the house. 50 should’ve learned from MC Hammer since he provided a template on how not to blow money.

    • $.M.M.-BX

      It just proves what a lot of smart investors have been saying for a better part of decade that purchasing a home in today’s financial climate is a bad investment. Why invest in something that might only yield 4% interest over a time period of ten years as opposed to renting and investing your money smartly and earn a return of 4 to 7 percent interest in one year.

    • Christopher

      MC Hammer made $33 million in one year one time and spent $10 million building a home. 50 Cent paid $4 million on a $20 million property. Over time he made more money annually and spent it on renovations. It was a bad idea but at least he is way more business savvy then Hammer ever was

      • therealest1

        Hey, it’s than, not then. Know the difference please.

        That’s what I was saying about 50 being smarter with money than MC Hammer. I wasn’t saying 50 was stupid with money like MC Hammer was despite the fact he made a few bad investments and had to file for bankruptcy protection.

        50 was savvy at making money, he even logically boasted about making more money outside of rap in an old interview last decade. I recall he made $30 million in one year.

        But it’s never smart to put a shitload of money into renovating a house with hopes of reselling it sky high. If you renovate, make sure it’s something practical everyday people can use in it. Putting luxurious shits in a house won’t net a large profit as people don’t have use for shits like gold plated whatever in it.

        Don’t get me started with MC Hammer. That idiot had gold gates with his name on top in the front of his house. He owned racehorses. He had 300 people on payroll. He just had a litany of all bad shits. It’s like he gave everyone and their mom a job.

      • STEPH

        He lost bruh, no matter how you slice the pie…….He lost

    • STEPH

      He should have learned from Hammer in the first place. Hammer probably saying….”I went through that so you wouldn’t have to go through that” LOL!

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  • Yanks or Nerve

    People are forgetting that he sued the people who did renovations to his home (google it if it means that much to ya). Unfortunately, however you crunch the number he would of sold for a loss due to property taxes and also upkeep costs.

  • Markus

    I know that’s a load off his back. Maybe his future purchases will be thought out better. In other news,I think it’s pathetic and disrespectful that a website that caters to the audience of a genre that’s predominantly black consistently presses send on the articles they post without caring enough to proofread what’s being placed here. The Washington Post or The Wall Street Journal websites don’t leave their fan base to figure out what they meant if they write incoherent and unacceptable paragraphs full of grammatical errors and sentences that don’t make sense. This is no different than all the trap rappers who fascinate their fans with the same stereotypical ignorance disregarding any chance that just maybe you need to do more than just give us the same garbage and think we’re fine with it. Have some pride in your work and stop insulting our intelligence thinking we know what you meant with the constant mistakes being made on a daily basis. We the readers deserve better.

    • Q.

      As I keep saying…#HOUSTONWEHAVEAPROBLEM

  • Madamsjr01

    Losing money left and right…

    • STEPH

      and left and right again and again.

  • Damn! Hold this “L” Curtis. You lost hella money on that deal. 😂😂😂

    • Charismatic eNegro Jef Vinson

      You’re committed to your hate of 50, aren’t you?

      • STEPH

        Your committed to testicle sucking of one Curtis Jackson for the rest of your life LMAO! “Your blind, you can’t see you need to wear glasses like DMC” 😂😂😂😂

      • Charismatic eNegro Jef Vinson

        …coming to your life partner’s rescue, ladyboy?

      • STEPH

        Nah when I see a dick sucker I just sound the alert. Close your mouth and swallow LOL!

    • HIPHOP

      How did he lose money you can’t count what he spent on the house while using it if that’s the case nobody has ever mad a profit you dumb dumb get a education

      • StephenDedalus

        thats the stupidest thing ive ever heard. literally, the stupidest thing ive ever heard.

      • STEPH

        You dumb dumb fool arguing for something that is sooo clear to everybody Stevie Wonder can see that boys “L”

    • STEPH

      That fools “L” is like 7 foot tall and 3 foot wide…..LOL!

  • RapItUp

    I can’t hate on the business endeavors gone wrong, for any man putting his own $$ up to make more. However, a huge mansion like this as an investment was a poor idea and doesn’t fit that criteria. Hell, even if this wasn’t an investment (he lived here, right? Primary residence?) this was still a shitty idea! Lesson learned

    • $.M.M.-BX

      Yes it was and add to the fact that when he bought the property all of the hidden money he had to pay…like transfer fees and property state and federal tax and closing fee…just think if he would’ve smartly invest in something more viable stock wise how much of a return he would’ve yielded in the course of a year or so.

  • jacksjus

    Lesson learned. He had no business buying that much house.

    • HIPHOP

      Wtf are u talking about he never bought it to live In it forever he said that when in da club was hitting

      • STEPH

        SMH. You are a loyal G-unot henchman….Going down with the ship play boi (in birdmans voice) LOL

  • THISIS50

    Damn $8 million

  • ZUBU

    Didn’t sell for as much as he initially wanted, but he sold it now he can move on. Take that 8 mill and make some more money with it…. Like in the streets you can’t worry about losses, put it behind you and move forward!
    ——————-
    Of course nobody wants to take a loss, but if you do as a true hustler you have to keep on striving… I’ve had to do it in several business ventures…. Get Em’ 50…

  • HIPHOP

    Lmao how much yall think 50 spent on renovations talking about he took a lost they was asking for 18 mill simply because it use to be Tysons house and then it was 50 house. After you take that unrealistic thought out because no real business man is going to give up extra money just for that the mansion is only worth 8 to 10 mill and not only that he still had the house in a mortgage he knew that house could drain him if he didn’t move it as plan so while yall think he bought that house cash and lost he laughing at ya dumb ass

    • Savimbi

      You’re stupid!!!! Lmaoooo He bought it from Tyson at 4 million, and w/ your logic, simply for buying it and being the proprietor, you’re saying that 50 added a $14 million value lol…wow. log off!!!!

      • STEPH

        Thank You my G. They’re the presidents of his fan club and by right they have to maintain either his left or right testicle in their mouths at all times LMAO!

    • Smashit

      I don’t think he put a mortgage on it but I’m sure he didn’t take a loss & all that 10 mill in renovations is definitely bullshit – it’s not like Tyson left it fuked up

    • STEPH

      SMH. We understand…Your a fan, ya boy stay losing.

  • Smashit

    Shit he brought that when he had just come up out the hood & really for what he got & where it was located it was a deal for $4 million – BUT property taxes and maintenance alone in a house like that with the surrounding land would make a rich nukka broke so hey he had it & now he got rid of it shit happens everyday end of story

    • STEPH

      SMH. We get it your a fan.

  • Rozay23

    Desperate times calls for desperate measures…hint hint…wink wink

  • StephenDedalus

    Stans still gonna talk all that “fif is a great business man” noise. This clown’s pissed away more money with his dumbass antics than Mike Tyson. When they say “renovations” they mean ceiling mirrors so he watch Yayo eatin his groceries.

    • STEPH

      LMAO!

    • Justice

      HILARIOUSSSSSSSSSSSSSSSSSSSSSSSSSSS!

  • STEPH

    LMAO! 14 million total including renovations, and sold it for 8 million smfh this dick head stay losing no wonder he filed for bankruptcy…. Make a meme for that Curtis.

  • Q.

    Damn, Curtis! You lost 6 Milli and your land, Curtis…what the fvck happened to you??