50 Cent is the latest owner to be bankrupted by this Connecticut mansion



Curtis Jackson, also known as rapper 50 Cent, filed documents in Connecticut bankruptcy court on Monday showing he was spending $72,000 a month to maintain a home that has once housed other famous bankrupts.

Jackson’s megamansion in Farmington, Connecticut has nine kitchens, 21 bedrooms and a casino, and was once the home of Mike Tyson. The boxer also went bankrupt while living in the 52-room house.

What else,the Boston Globe reported that the mansion was originally built for $2.3 million in 1985 for Benjamin Sisti, founder of Connecticut commercial real estate development company, Colonial Realty. He then went to jail for bankruptcy fraud.

The 17-acre home was later seized and eventually sold to Lithuanian import-export businessman Romas Martsinkiavitchous for $2.7 million. He sold the mansion a year later because he would have been facing bankruptcy at the time, according to the Boston Globe. Martsinkiavitchous sold the house to Mike Tyson in 1996 for $2.8 million.

After Tyson squandered his millions, the mansion passed to his ex-wife as part of a divorce settlement in 2013. She sold the house to Jackson in 2003 for $4.1 million.

Documents filed by Jackson revealed that his monthly income of $184,000 came mostly from royalties and interest on his investments, and his monthly expenses were $108,000. Here is a breakdown of some of his monthly expenses:

  • Gardening: $5,000

  • Household items: $1,500

  • Wardrobe: $3,000

  • Meals and entertainment: $3,000

  • Personal care: $1,000

  • Security and protection: $9,000

Jackson filed for bankruptcy last month after New York jurors ordered him to pay $7 million to a woman who said she posted a sex tape of her and a boyfriend online, according to the report. Associated Press.



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