50 Cent has been making recent headlines with regard to his monetary issues and bankruptcy filing. According to recent reports the rapper has sold his Connecticut home and the mansion will become a senior living facility.
According to Rap-Up, per TMZ, the massive home recently sold for $8 million, a drop from Fif’s original asking price. Back in 2007, the “In Da Club” rapper put it on the market for $18.5 mill. The buyer reportedly plans on turning the mansion into an assisted living facility for the elderly.
Fif reportedly spent $70,000 a month on maintenance for the 21-bedroom location, which features a helicopter pad, a casino and a nightclub. The music mogul said that the home, which was previously owned by Mike Tyson, had become a financial burden. He filed for bankruptcy last July, after his ex-girlfriend Lastonia Leviston, won a $5 million verdict against him.
The Power actor and executive producer previously called his declaration of bankruptcy a business move.
“When you’re successful and its publicly noted, you become a target. I don’t want to be the bullseye,” he said. “I don’t want everybody to pick me as the guy that they just come to [with] astronomical claims. I’ll take the precautions that any other good business person would take in this situation.”
Last month, 50 Cent appeared in court after a judge expressed concern over a few Instagram posts showing him flaunting a large pile of cash.
"I'm concerned about allegations of nondisclosure and a lack of transparency in the case," Judge Nevins said at a hearing Thursday in Hartford, Connecticut, according to Fox News. "There's a purpose of having a bankruptcy process be transparent, and part of that purpose is to inspire confidence in the process."
The photos were brought to Judge Nevins' attention by Leviston. The posts were flagged after Leviston admitted to not receiving any payment from that lawsuit.
Take a tour of 50 Cent's former home below:
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