Rapper 50 Cent sells his 21-bedroom home for millions less than asking price

Rapper 50 Cent has finally sold the massive mansion he’s been trying to unload for the past 12 years – for millions less than his original asking price.

According to the Wall Street Journal, the Get Rich or Die Tryin‘ rapper finally accepted US$2.9 million (AUD$3.04m) for the whopping 21 bedroom, 35 bathroom palace – 84 per cent less than he was first asking for 12 years ago.

50, born Curtis James Jackson III, bought the 48,000-square-metre house in 2007 from disgraced boxer Mike Tyson for US$4.5m. According to Variety, Jackson listed it again shortly afterwards for US$18.5m to sell and US$100,000 a month to rent. The sale price had decreased gradually since.

The home in Farmington, Connecticut, was built in 1985 and has games rooms, a night club complete with stripper poles, a casino, a recording studio, five jacuzzis, a lake – with lake house, a home theatre, an indoor pool, a conference centre, staff quarters, an indoor basketball court and an outdoor basketball court. Murals of Jackson and his album covers adorn the walls in the entertainment areas.

The Journal said property taxes and mortgage payments were costing Jackson US$70,000 a month, according to the papers filed during his 2015 bankruptcy hearings.

On Monday, US time, TMZ claimed proceeds from the sale would go to Jackson’s charity foundation, G-Unity, echoing claims Jackson made during an appearance on Million Dollar Listing New York in June 2018, which featured the home.

At the end of the episode, Jackson chooses to take the home off the market and “donate it to charity”, much to the chagrin of celebrity realtor, Fredrik Eklund.

In the episode, Jackson says he wants to do it because it would be “interesting to have programs where we could escape the cities”.

“To go out and just be creative, to kind of home in, you know, on the arts and stuff like that. They’ll be able to use the recording studio and the fitness areas, the pools and everything. It’ll be a cool summer camp house.”

• This story originally appeared on stuff.co.nz