50 Cent slashes price of Connecticut mansion again
Hip-hop superstar 50 Cent has dropped the price of his sprawling Connecticut mansion once again, eight years after initially listing the property for $18.5 million .
The In Da Club rapper purchased the luxury 21-bedroom Farmington estate for $4.1 million from boxer Mike Tyson in 2003, but he reportedly invested between $6 million and $10 million on renovations.
He placed the pad on the market in 2007, but he has struggled to
offload the home and has continually knocked down the fee from its
original $18.5 million price tag.
50 Cent, who filed for bankruptcy over the summer (15), has now
slashed the price down to $8.5 million in a bid to entice potential
buyers into the New Year (16), reports The Hartford Courant.
During his bankruptcy proceedings, it was revealed the rapper had
moved out of the property and had placed it up for rent, as it
costs him $72,000 a month to maintain. It is not known if he was
able to find anyone to lease the home as his lawyer had previously
admitted no deals had been made.
The superstar filed for bankruptcy days after he was ordered to pay
$5 million in damages to rap rival Rick Ross' ex, Lavonia Leviston,
for leaking her sex tape online. 50 Cent was subsequently slapped
with another $2 million in punitive damages.