Bankrupt 50 Cent's mansion costs him $70k a MONTH to maintain

20:30 | 05.08.2015
Bankrupt 50 Cent's mansion costs him $70k a MONTH to maintain

Bankrupt 50 Cent's mansion costs him $70k a MONTH to maintain

Rapper 50 Cent filed for bankruptcy on Monday as it was revealed he spends $72,000 a MONTH to live in his lavish Connecticut mansion which has its own private casino, basketball court and nine kitchens.

The entertainer has followed in the footsteps of Mike Tyson and two other former owners of the huge property, one of the biggest private residences in America, that none of them could afford to keep.

Court papers revealed the star, real name Curtis Jackson, spends a whopping $108,000 on his expenses each month, including $5,000 on gardening alone.

He splashes $3,000 a month on clothes and $1,000 on grooming - but still owes his barber, stylist and personal trainer money.
The New York rapper also pays $14,600 per month to help support his grandfather and two children.

Last week 50 Cent was ordered to pay Lastonia Leviston $5million in damages by a Manhattan court, after she said he posted a sex tape of her online without her permission.

During that court case he claimed to live modestly and that he didn't own expensive vehicles, but the new bankruptcy papers reveal he also owns seven cars including three Chevy Suburbans and a Rolls Royce, Associated Press reported.

After buying the property for $4.1million from Mike Tyson's ex-wife in 2003, 50 Cent spent another $6m renovating the house - installing stripper poles, a helicopter pad and a private cinema.

Now 50 Cent is the fourth owner of the opulent house to face bankruptcy, despite making $185,000 a month from royalties and investments. The entertainer claimed he filed for Chapter 11 bankruptcy as a 'business strategy'.

The massive property boasts 50,000-square-feet, 52 rooms including nine kitchens, and 17 acres of land including a basketball court with a G-Unit logo. 

Boston.com reports that at one point the house was at least five times larger than Farmington’s second largest home - describing it as the 'most notorious house in Connecticut' and it remains one of the biggest private residences in America.
The house was built for notoriously 'tacky' Colonial Realty founder Benjamin Sisti in 1985 for $2.3m.

The Hartford Courant described the businessman as 'to good taste as Madonna is to modesty.'

Sisti became 'bankrupt' in 1990. Police later found out that Colonial Realty was a ponzi scheme and around 7,000 investors lost all their money.

(dailymail.co.uk)
 







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