50 Cent Tries To Get His Money Right W/ Connecticut Mansion Move

Written By Cyrus Langhorne

50 Cent
1.5k Views 18 Comments

G-Unit head 50 Cent is showing his business-savvy ways these days by reportedly looking to lease his iconic Connecticut mansion.

According to reports, Fif met with creditors this week to discuss leasing his $8.3 million dream home.

The Hartford Courant reports the disclosure came Wednesday during a meeting of creditors. The meeting was conducted by U.S. Trustee, a federal agency that oversees bankruptcy proceedings. Stephen Savva, a lawyer for 50 Cent, says no deal had been reached to lease the Farmington mansion, which the rapper purchased in 2003. (ABC News)

New documents this week showed Fif had around $25 million in assets.

The records, published by Buzzfeed, also claim that 50 owes creditors more than $32.5 million dollars. His expenses, which range from lawn maintenance on his 21-bedroom Connecticut mansion to $12,000 a month in child support (he has two sons, Marquise and Sire), allegedly leave him with a comparatively modest gross income of $76,969.58. (Billboard)

Recent reports claimed Fif appeared in a bankruptcy court Monday (August 3) and said his expenses totaled $108,000 every 30 days.

He has a monthly income of $185,000, mainly from royalties and interest on his investments. His Monday court filing says he also owes money to his stylist, his barber and his fitness coach. (AP)

Reports also claimed Fif spent over $70,000 on maintaining his home.

Other monthly expenses for the Power actor include $72,000 a month for his 50 room mansion, including utilities, mortgage, property tax and insurance. Additionally, Jackson spends $9,000 for security, $5,000 for gardening, $1,000 for grooming and another $3,000 in wardrobe per month. (People)

18 Comments

Written by Cyrus Langhorne

SOHH.com Writer. You're likely to find me covering hip-hop news and music releases. Netflix is still my go-to before Disney Plus.

18 Comments

    • so how is you cheering or celebrating his struggle any better…he never did you nothing he went at cats who wronged him or that he felt paranoid about …. getting shot does that …but whats your beef how did he hurt you….even better if you believe in karma you have to know that bad thoughts are also counted as wrongs…so in essence how poetic is it that you are who u laugh at

  1. 50 gonna come out on top …sorry to see him stumble when reality shows he helped more than he hurt…haters love to see winners loose and call it karma cause they cant accept that they losers because of their choices….humilty dies when i survive nine shoe and awake to boos
    humility stops when half the industry tries to block my success…

  2. I respect 50 but I can’t co-sign this. He can’t rap about material stuff anymore. Say what you want about Diddy and Jigga but it would never come to this with them. 50 should pay the money. People loose money all the money but not leasing the house bruh.

    • Why can’t he rap about materialistic stuff when his other houses n cars are still there? I’m not catching what u talking about? Most rappers rap about things they don’t have n never will

      • It’s weird to hear him rapping about how much money he got and things while he owes money. It rather pay what I owe instead of going through this shit. Paul McCartney lost 48 million by divorcing Heather Mills but that dude didn’t file for bankruptcy.

    • You can still love him if he leases his house. Remember, he asked you if you would love him in a Bentley or love him in a bus.

    • so how is you cheering or celebrating his struggle any better…he never did you nothing he went at cats who wronged him or that he felt paranoid about …. getting shot does that …but whats your beef how did he hurt you….even better if you believe in karma you have to know that bad thoughts are also counted as wrongs…so in essence how poetic is it that you are who u laugh at

  3. 50 gonna come out on top …sorry to see him stumble when reality shows he helped more than he hurt…haters love to see winners loose and call it karma cause they cant accept that they losers because of their choices….humilty dies when i survive nine shoe and awake to boos
    humility stops when half the industry tries to block my success…

  4. I respect 50 but I can’t co-sign this. He can’t rap about material stuff anymore. Say what you want about Diddy and Jigga but it would never come to this with them. 50 should pay the money. People loose money all the money but not leasing the house bruh.

    • Why can’t he rap about materialistic stuff when his other houses n cars are still there? I’m not catching what u talking about? Most rappers rap about things they don’t have n never will

    • You can still love him if he leases his house. Remember, he asked you if you would love him in a Bentley or love him in a bus.

    • It’s weird to hear him rapping about how much money he got and things while he owes money. It rather pay what I owe instead of going through this shit. Paul McCartney lost 48 million by divorcing Heather Mills but that dude didn’t file for bankruptcy.

  5. He has been trying to sell that place for years with no luck ….. I doubt he’ll be able to get a tenant who will agree to the price, what ever it may be …. knowing he’s in a situation may cause interested parties to low ball

  6. He has been trying to sell that place for years with no luck ….. I doubt he’ll be able to get a tenant who will agree to the price, what ever it may be …. knowing he’s in a situation may cause interested parties to low ball

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