50 Cent puts estate up for lease pays; pays $72K a month maintenance alone

Rapper 50 Cent, who filed for personal bankruptcy last month, is trying to lease his Connecticut home valued at nearly $8.3 million.

The Hartford Courant reports the disclosure came on Wednesday during a meeting of creditors.

The meeting was conducted by U.S. Trustee, a federal agency that oversees bankruptcy proceedings.

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Get rich of die trying: 50 Cent has put his Connecticut estate up for lease after filing for bankruptcy, with court papers revealing he spent $72,000 a month on his mansion in Connecticut, including $5,000 a month on gardening

Stephen Savva, a lawyer for 50 Cent, says no deal had been reached to lease the Farmington mansion, which the rapper purchased in 2003.

Court filings show he’s been paying $72,000 a month to maintain the property.

The rapper, whose real name is Curtis James Jackson III, filed for bankruptcy last month after a New York City jury ordered him to pay $7 million to a woman who said he posted online a sex tape she made with a boyfriend.

Extravagant: The home, based in Farmington, Connecticut, boasts a number of opulent features including a swimming pool, private casino and 52 rooms including nine kitchens and its own basketball court

Accusations: 50 Cent was ordered to pay $5million to Lastonia Leviston in court after she said he posted a sex tape of her online. Despite claiming to not own any fancy cars, new documents show he owns seven
Accusations: 50 Cent was ordered to pay $5million to Lastonia Leviston in court after she said he posted a sex tape of her online. Despite claiming to not own any fancy cars, new documents show he owns seven

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 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.

Rapper 50 Cent says bankruptcy is ‘strategic business move’

Excessive: As part of his bill of £72,000 a month to maintain the property, 50 Cent spends $5,000 on gardening

Out of reach: During an interview with Oprah Winfrey in 2012, 50 Cent said he feared he would face the same money problems that the house's former owners had - but said he would 'count his money with an accountant' 

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.

Out of his depth: 50 Cent's mansion has been described as the 'most notorious house in Connecticut' 

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.

Decadent: The house was built for notoriously 'tacky' Colonial Realty founder Benjamin Sisti in 1985 for $2.3m

‘He’s not broke:’ Busta Rhymes on 50 Cent’s bankruptcy claim

The house was built for notoriously ‘tacky’ Colonial Realty founder Benjamin Sisti in 1985 for $2.3m.

Once he got the keys 50 Cent added a movie theater, a helicopter pad, an infinity pool, and stripper poles.

‘He’s put a lot into it, and it’s all very tasteful, except the stripper poles,’ said a real estate agent in 2007.

That same year, 50 Cent listed the home at $18.5m.

Over the years he dropped the price of the home hoping to find a buyer. – Daily Mail

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