50 Cent Slashes Price On Mansion
It's difficult to picture 50 Cent's financial status in trouble, but in the last two weeks he has seen some prime investment money leave his pocket.
In late December, 50 Cent was given the pink slip for his MTV contest show The Money and the Power [click to read]. More recently, the G-Unit solider has had to drop the selling price on his Connecticut mansion. Previously owned by Mike Tyson, the mansion has gone from a listing price of $18.5 million to new price tag of $14.5 million.
"Its the market," Deborah Orr of Keller Williams Realty stated. Explaining the challenge with a price tag so high, Orr continued, "With a unique property, everyone acknowledges it's difficult to pinpoint the perfect market price. We feel we need to stimulate some activity, and that was the intent of the price cut."
Though the price has dropped significantly, 50 Cent would still receive a return of over $10 million as he bought the mansion in 2003 for $4.1 million.
In late December, 50 Cent was given the pink slip for his MTV contest show The Money and the Power [click to read]. More recently, the G-Unit solider has had to drop the selling price on his Connecticut mansion. Previously owned by Mike Tyson, the mansion has gone from a listing price of $18.5 million to new price tag of $14.5 million.
"Its the market," Deborah Orr of Keller Williams Realty stated. Explaining the challenge with a price tag so high, Orr continued, "With a unique property, everyone acknowledges it's difficult to pinpoint the perfect market price. We feel we need to stimulate some activity, and that was the intent of the price cut."
Though the price has dropped significantly, 50 Cent would still receive a return of over $10 million as he bought the mansion in 2003 for $4.1 million.
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