After having his mansion on the market for 2 years, 50 Cent has decided to make a little adjustment to his asking price in light of the current financial crisis.
The Hartford Courant reports that the G-Unit general is slashing the cost of the opulent estate – which used to belong to boxing champ Mike Tyson – to $14.5 million from $18.5 million.
“It’s the market,” Keller Williams Realty’s Deborah Orr said. “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.”
While Fif shaved the price down 21 percent, the house, located in Farmington, Conn. will still be the most expensive in the area. 50 bought the 17-acre property back in ’03 for $4.1 million. It includes an helipad, a 40-person hot tub, two billiard rooms, a movie theatre and a club.
In related news the hip-hop mogul’s reality show “50 Cent: The Money and the Power” was recently dropped by MTV. The network decided to cancel the program due to it’s low ratings. – Elan Mancini