Why Fofty Lost More Than $3 Million

People Have Been Talking About 50 Cent’s Big Loss Lately

Fifty Cent just sold his mansion For $3,000,000. How could that be a loss?

Well, 50 bought this house for $4.3 Million in 2007. That’s about 75% of the value lost between sales.

The real estate crash of 2008 had a lot to do with the loss of value but so did the extreme customization.

Fifty spent about $8 Million renovating the home to his liking.

That put his losses into the 9 million dollar mark.

The mansion was originally owned by Mike Tyson, but why was this not a complete loss for 50?

Well, he donated the sale of the home to his G-Unity Foundation. That’s a huge $3 Million tax write off.

The home had over 50,000 square feet, 19 bedrooms and 25 bathrooms.

It stood on a 17 acer lot and was the largest transaction in Farmington, CT history.

Matthew Cronin
Exit Realty Mizner
License #SL3437781
Matt@ExitRealtyMizner.com
Mobile: (603) 531-1035