Social TV
Stars

50 cent invests $2.9 million into disadvantaged communities and nonprofits

Celebrity Rapper and Actor 50 Cent has sold his 52-room mansion for only a fraction of his original asking price so he can donate all of the profits from the sale to charity. The rapper first bought the mansion in Farmington, Connecticut from heavyweight champion boxer Mike Tyson back in 2004.

50 Cent sold the house to an undisclosed buyer for $2.9 million – which is 87% less than the original asking price. The money will be donated to the rapper’s G-Unity Foundation, which finances American nonprofits that benefit disadvantaged communities across the country.

According to The Wall Street Journal, the home currently holds the record for the most expensive home ever sold in Farmington. 50 Cent originally bought the home from Tyson for $4.1 million – and even though he has reportedly poured millions of  dollars into its renovation, the musician is happy to take the financial loss for the sake of a good cause.

“It feels like it’s better if I actually give it away,” he once told Million Dollar Listing in 2018. “In the beginning, I come to this property following being on tour and you got to imagine not having any finances and then coming back off a tour and there’s $42 million sitting there. It’s the first thing I bought so I’m going to give it to the G-Unity Foundation.”

Source: GNN

Related posts

Stormzy pledges R215 million to anti-racism charities

Amanda Mkhize

Washington based soccer player remembers hometown

Staff Writer

Early B continues to spread positivity during lockdown

Amanda Mkhize

Tyler Perry to be honored with ‘The People’s Champion Award’ for doing good deeds

Viwe Tyolwana

Black Coffee shows his care for the masses.

Staff Writer

Kadewere remembers Harare City Council

Staff Writer

Leave a Comment

Social TV
Translate »