G-Unit boss 50 Cent is trying hard to sell his now-infamous Connecticut mansion and has slashed the asking price to just over $8 million.
Fif has reduced the price, previously listed at $18.5 million and cut multiple times down to $10 million, down once again.
The entertainer Wednesday listed the 21-bedroom, 25-bathroom at 50 Poplar Hill Drive for $8.5 million, the latest in a series of reduced asking prices since 50 Cent first began trying to sell the property in 2007. (Hartford Courant)
Find out what a real estate expert has to say about 50 Cent’s chances of selling the home on the next page…
A local real estate executive believes Fif will need to cut the price down even lower if he wants to seriously sell the home.
Rob Giuffria, president of Prudential Premier Homes in Farmington and an expert in the area’s high-end residential real estate, has said for years that he doesn’t believe the property will sell for more than $5 million. “8.5 million? Not a chance,” Giuffria said late Wednesday. “50 would have a better chance being a country music singer.” (Hartford Courant)
50 met with creditors last summer 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)
Recent documents 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)