Rapper 50 Cent has finally sold his Connecticut mansion for the cut price of $8 million – to a nursing home management company.
The artist, whose real name is Curtis Jackson III, initially listed the 21-bedroom home in Farmington for $18 million in 2007, and has been gradually reducing the asking price ever since.
He snapped up the abode for $4.1 million at the height of his fame in 2003, the year he released some of his top hits P.I.M.P., In Da Club, and 21 Questions on the album Get Rich Or Die Tryin’.
Over the next few months, he invested up to $10 million in renovations to the property’s gym, racquetball courts, and disco room with stripper poles.
But now, the glittering additions will likely be stripped away as TMZ reports the estate will be turned into an assisted living facility for the elderly.
The 50,000-square-foot home boasts 25 bathrooms.
One of the biggest private residences in America, it costs a whopping $72,000 a month to finance and maintain.
The rapper bought it in 2003 from boxer Mike Tyson.
He then spent $6million renovating the house and its grounds, and installed a helicopter pad, infinity pool and a private cinema.
The home also has a private casino, gym, racquetball courts and disco room with stripper poles. There are 52 rooms in total, including nine kitchens.
In 2012 the rapper showed it off to Oprah Winfrey, giving the cameramen for her chat show a tour.
The entertainer has followed in the footsteps of Tyson and two other former owners of the huge property, one of the biggest private residences in America, that none of them could afford to keep.
Fast-forward 13 years and the 40-year-old is not feeling so prosperous. And so it will come as some relief to Jackson that his glittering mansion has been passed on for half its estimated value.
The house was built for notoriously ‘tacky’ Colonial Realty founder Benjamin Sisti in 1985 for $2.3m.
Source: DailyMail.co.uk