If you need assistance, please call 561-501-1001

50 Cent’s Big Loss

Sunday, May 12, 2019   /   by Matt Cronin

50 Cent’s Big Loss

Why Fofty Lost More Than $3 Million

50-cent-6-Douglas-Elliman-Real-Estate.jpg

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

mls logo© 2023 My Florida Regional MLS DBA Stellar MLS, Inc.. All rights reserved. The data relating to real estate displayed on this website comes in part from the Internet Data Exchange (IDX) Program of My Florida Regional MLS DBA Stellar MLS, Inc. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers' personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.9/27/2023 7:09 AM CST
The multiple listing information is provided by MIAMI Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listingare © 2018 MIAMI Association of Realtors®. All Rights Reserved.
The information provided is for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
UP5DB701E1507748.jpg All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright ©2023 BeachesMLS, Inc.
UP5DB701E1507748.jpg All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright ©2023 BeachesMLS, Inc.
This site powered by CINC: www.cincpro.com