News: 50 Cent's Mansion Receives Price Cut, Listing Agent Says "It's The Market"

Wednesday, Dec 31, 2008 7:37AM

Written by Cyrus Langhorne

50 Cent
The home of mega rap star 50 Cent has been marked down by roughly $4 million after nearly two years on the market.

According to Hartford Courant, the G-Unit leader's Connecticut mansion has officially gone down in sale price from $18.5 million to $14.5 million, which is an estimated 21 percent decrease.

"It's the market,"  realty listing agent Deborah Orr told Courant. "With a unique property, everyone acknowledges it's difficult to pinpoint the perfect market price. We feel we need to stimulate some activity, and that was the intent of the price cut."

Originally purchased in 2003 and made popular through music videos featured at the home including 50's hit record, "Candy Shop," the 17-acre former mansion to Mike Tyson includes a helipad, a 40-person hot tub, movie theater, billard rooms along with 18 bedrooms and 37 bathrooms.

The news comes shortly after 50 recently spoke on the hardships of the new financial market and SOHH Gyant's report on the multi-platinum rapper's MTV reality series, "Money and the Power," becoming cancelled.

"Our new shows will feature themes of affirmation and accomplishment," MTV Networks President of Entertainment Brian Graden said in a statement. "Our shows are going to focus less on loud and silly hooks and more on young people proving themselves."

No official confirmation of the show's cancellation has been released, however, the network's new 2009 line-up shows no indication of it returning.

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