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50 Cent Is Just Latest Homeowner To Be Bankrupted By This Connecticut Mansion

50 Cent Is Just Latest Homeowner To Be Bankrupted By This Connecticut Mansion
%0 Cent is still stuck with this home

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

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

What’s more, 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 brokerage firm Colonial Realty. He later went to prison for bankruptcy fraud.

The 17-acre home then went into foreclosure and was eventually sold to Lithuanian import-export businessman Romas Martsinkiavitchous for $2.7 million. He sold the mansion a year later because he was reportedly 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 home to Jackson in 2003 for $4.1 million.

Jackson’s document filings revealed his monthly income of $184,000 stems mainly from royalties and interests on his investments, and his monthly expenses run to $108,000. Here’s a breakdown of some of his monthly expenditures:

 

  • Gardening: $5,000
  • Household supplies: $1,500
  • Wardrobe: $3,000
  • Meals and entertainment: $3,000
  • Personal grooming: $1,000
  • Security and protection: $9,000

Jackson filed for bankruptcy last month after New York City jurors ordered that he pay $7 million to a woman who said he posted a sex tape of her and a boyfriend online.

 

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