Unexpected Loss: 50 Cent Sells Massive Villa at a 84% Decrease After 12 Years

After 12 years, 50 Cent’s massive Connecticut home sold, but not for the asking price.

Curtis Jackson, the rapper’s true name, tried to sell the 50-room mansion for nearly a decade, decreasing the price from $18.5 million. According to PEOPLE, million Dollar Listing New York star Fredrik Eklund of Douglas Elliman marketed the home for $4.995 million in January 2018. It might potentially be rented for $100,000 per month.

According to the Wall Street Journal, he sold the house for $2.9 million, which was 84% less than the asking price. Jennifer Leahy of Douglas Elliman negotiated the deal.

The rapper of “Get Rich or Diе Tryin'” will not receive any of the proceeds from the mansion’s sale at a loss. A spokeswoman for 50 Cent reportedly told the WSJ that the transaction’s proceeds will be sent to his charity, the G-Unity Foundation Inc., which is dedicated to awarding grants to humanitarian organizations that focus on improving the quality of life for low-income and disadvantaged people.

The luxurious estate is said to have 19 bedrooms, 25 bathrooms, an indoor pool and hot tub, and a “substantial” nightclub. There are multiple game rooms, a green-screen room, a recording studio, a gym, and a home theater in the 50,000-square-foot structure.

The palace covers an area of 17 acres. The property has a pool, pond with a fountain, basketball court, guesthouses, gardens, and a Playboy-style grotto. PEOPLE reported in 2007 that the listing contained a 40-person hot tub.

Despite its opulence, the home has had its share of problems. According to CBS Connecticut, a Windsor, Connecticut man broke into the home in May 2017.

Nothing appeared to have been stolen, and Jackson, who no longer resided there, apparently laughed off the incident on social media in a since-deleted post, writing, “What my house got robbed, I thought I sold that MF.” LOL.”

The original owner of the 1985-built structure was imprisoned for stealing millions from business sponsors. At a foreclosure auction, a bank purchased the house and sold it to a Lithuanian businessman who went bankrupt a year later.

Mike Tyson acquired it next and sold it in 1996 for $22 million. His second wife, Monica Turner, obtained it in their divorce settlement after six years on the market. In 2003, she sold the mansion to Jackson for $4.1 million.