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50 Cent sells his mansion, donates all $2.9M to charity

50 Cent is seen arriving at 'The Late Show With Stephen Colbert' at the Ed Sullivan Theater on Jan. 9, 2019, in New York City. Gilbert Carrasquillo/GC Images

After 12 years of being on the housing market, 50 Cent (born Curtis Jackson) has sold his 21-bedroom mansion to an undisclosed buyer.

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The 50,000 square-foot, property located in Farmington, Conn., sold for US$2.9 million — 84 per cent less than the 43-year-old’s original asking price — according to The Wall Street Journal.

In 2007, the asking price was first listed at $18.5 million. Jackson struggled to sell the house since then.

Now that the home has been sold, the rapper plans to donate his money to the G-Unity Foundation — which he founded in 2003 — according to The Vibe.

(L-R) Mike Tyson and Curtis ’50 Cent’ Jackson sign autographs at the SMS booth at the Las Vegas Convention Center, in Las Vegas, Nev., on Jan. 9, 2012. Chris Farina/Corbis via Getty Images

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During an appearance on an episode of Million Dollar Listing New York in mid-2018, Jackson initially decided to pull his house off the market and even suggested the idea of donating the mansion itself to his foundation.

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“It feels like it’s better if I actually give it away,” he said.

“It’s the first thing I bought [with my touring proceeds],” he added, “so I’m going to give it to the G-Unity Foundation.”

The rapper seemingly changed his mind however, and decided to donate the $2.9 million to the charity instead.

The G-Unity Foundation was launched to focus on improving the lifestyles and opportunities for underserved and low-income communities across the U.S.

Curtis ’50 cent’ Jackson performs onstage on June 28, 2018, in New York City. Jamie McCarthy/Getty Images for Starz Entertainment LLC

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Jackson originally bought the 17-acre property in 2004 from former professional boxer, Mike Tyson, according to The Associated Press.

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The Candy Shop rapper reportedly shelled out US$4.1 million before splurging on massive renovations.

As well as 25 individual bathrooms, the mansion now holds an indoor pool, gym, recording studio, a billiards room and a nightclub among many other things.

adam.wallis@globalnews.ca

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