By Victor Ochieng
Jackson rapped about his fast earnings, saying “They call me new money, I came up too fast. The hell if I care, I’m here to get my cash.”
His growing popularity earned him a deal with Reebok and an exclusive with the Queen of All Media herself, Oprah Winfrey. 50, real name Curtis Jackson, was swimming in money, movies and music albums, and like many rappers, wanted to live the high life.
In 2003, he purchase a huge 21 bedroom mansion from Mike Tyson’s ex-wife, Monica Turner for $4.1 million.
Maintaining the house would demand $72,000 a month, which was well within Jackson’s budget until recently.
50 Cent recently filed for bankruptcy, citing that he has $32 million in debt.
The rapper has tried to sell the house for years, but hasn’t had any success thus far.
In 2011, he dropped the price again to $10 million and eventually took it off the market after he was unable to sell it..
The rapper explained that he raised the price that high because he’d spent somewhere between $4 million and $10 million on it.
The house is back on the market and is going for $8.5 million.
So what does that house have that someone should pay $8.5 million? By buying the house, you get a great fitness area better than many LA gyms; you get a dance club; a movie theater; a cool casino; indoor swimming pool; among several other attractions and amenities.
All the best to Jackson in his pursuit; lets just hope he can stay out of financial trouble in the meantime and manage not to be sued in the process.