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50 Cent has listed his massive mansion for millions less than it was originally priced

Published by Business Insider on Sat, 10 Oct 2015


Rapper Curtis Jackson, better known as "50 Cent" really wants someone to buy his 17-acre, 50,000-square-footConnecticut mansionand soon.Just over two months after the"Get Rich or Die Tryin" rapperfiled for chapter 11 bankruptcy, he has officially listed his 21 bedroom, 25 bathroom home in Farmington even lower than ever at $8.5 million, The Hartford Courant reports.Jackson originally bought the massive property for $4.1 million in 2003 from boxer Mike Tyson, andhas reportedly spent between $6 million and $10 million on renovations.Hetried to turn around and sell itin 2007 for $18.5 million, but it was to no avail, and the property's value has been on a steady decline ever since.The home is truly something special. It has a dance club inside, a helipad on top, a huge gym, massive pool, and basketball courts both insideand out, but costs Jackson $72,000 a month to maintain.Jackson's June bankruptcy filing uncovered the truth about the rapper's finances. Forbeslisted his net worth at $155 million in May, but those numbers proved to be very misleading.The rapper currently owes $7 million to a woman named Lastonia Leviston, who won the payment in court after 50 Cent released a sex tape of her to the public as payback to rivalRick Ross, who fathered a child with Leviston.He also owes an $18 million court-ordered payment to Sleek Audio after a partnership to produce headphones failed. The filings total $25 million, the same amount 50 Cent claims in assets.Just last month, Jackson bragged on Instagramabout a knew home he was currently in the process of building in Africa. This, and his many business ventures caused many believe Jackson is actually not broke. However, Ross begs to differ."Everything another man works for, and the only thing, as a man, you got is your name: Get Rich or Die Tryin'," Ross said. "You can come back tomorrow and explain it and say, 'I'm doing this, I'm doing that' -- stop. Stop. There's holes in your roof, fam."Whether Jackson is broke or not, there's a good possibilityhe might have to drop the property's price even more.Local Farmington real estate expertRob Giuffria told The Courant that Jackson has nochance to sell the property at its current price."8.5 million' Not a chance," Giuffria said. "50 would have a better chance being a country music singer."Join the conversation about this storyNOW WATCH: 50 Cent once sat in this home ' which he can no longer afford ' and told Oprah he would never go broke
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