At one time, rapper 50 Cent, otherwise known as Curtis Jackson, was considered a hot commodity. His album, Get Rich or Die Tryin', helped him become one of the world's best-selling rappers of the day. His name became big enough that a semi-autobiographical movie, Get Rich or Die Tryin', was made. His popularity led to him founding G-Unit Records, signing a deal with Reebok to distribute his G-Unit sneakers (part of the G-Unit Clothing Company).
He struck while the iron was hot and made a ton of money in the process, but he did the one thing you shouldn't do. He spent money like the cash flow was never going to stop. It did, and now he has fallen on hard times.
In July 2015, he filed for bankruptcy and reported being more than $32 million in debt. Buying things like this huge monstrosity of a house from Mike Tyson's ex-wife certainly didn't help.
He bought the house in 2003 as his star was skyrocketing up from Mike Tyson's ex, Monica Turner, for $4.1 million. Sales of his debut album, Get Rich or Die Tryin', were through the roof so why not?
Well, the $72,000 a month it would take just to maintain the house would have scared off most people. The gardening bill alone is $5,000 a month. However, with a place that large (50,000 square feet and 17 acres) that should come as no surprise. It cost money to keep something that big and spacious looking good and presentable.
As incredible as the place looks, there just isn't any need for a single person to own a house with 21 bedrooms and 25 bathrooms, but when you are a rapper that is filthy stinking rich, you have to live the life.
So if that means you have a gym in your house that is better equipped than most LA Fitness locations, so be it.
He has tried to get rid of the place several times over the years, but has not been able to convince anyone to buy it. His first shot was in 2007, when he listed it for $18.5 million. Within a couple years, he dropped it down to $14.5 million, before lowering it again to $10.5 million.
In 2011, he reduced his asking price yet again, to $10 million, but eventually gave up and took it off the market. Why so much? He claims that he put in somewhere between $4 million and $10 million into the place.
He is now hoping to find a taker for $8.5 million. Is he nuts? Well, in all fairness, the place does include quite a few things that he is hoping the right person will be willing to pay a small fortune for (like he did).
Who wouldn't want their own dance club at home? Complete with stripper poles, of course.
When you get tired of shaking your tail feather, you can try your luck in your very own casino. However, since a large part of the fun in gambling is in winning money, will the owner of the house have to bankroll it himself (or herself)?
Every house needs a good movie room, but a 50,000 square foot house needs a really nice one.
When you have a house this size, you are bound to have a lot of visitors, but do you always want to have the same kind of parties? Probably not. So when you are tired of hosting dance club or casino parties, you can have a pool party at the indoor pool.
If the weather is nice you can host it at the outdoor pool as well.
Not everyone goes for the dance club, casino, pool party scene though. Those folks can enjoy hanging out in the billiards room.
If you have the kind of money to afford a house like this, you will need a good meeting room for your business requirements.
Of course, with all the partying going on and business deals, there are bound to be some hungry people hanging around. They can whip up something to eat in any of the nine kitchens the house has to offer.
When the party is over and business is done for the day, you need a good place to lay your head down for the night.
Let's not forget the most important room in any house–the bathroom (of which this place has 25 of them).
The sad reality that he is going to have to face one of these days is that this place is never going to sell. Anyone who can afford it is smart enough to know it is a bad investment. Who wants a house that is going to cost over $70,000 a month just to maintain? That comes out to $840,000 a year in basic maintenance alone!
The only entity that may be interested in paying even remotely what 50 Cent is asking for, is a resort or casino. The right resort or casino could turn the estate into a mecca of luxury that anyone and everyone will want to come stay at, but there will still be one problem.
It's in Connecticut. Who vacations in Connecticut?
