Who Owns 50 Cent's Mansion?
Askar and the Askar Group of Naples, Florida, acquired 50 Cent's sprawling 17-acre estate in Farmington, Connecticut.
Understanding the New Ownership
The prominent 17-acre estate, once the residence of the famous artist 50 Cent (Curtis James Jackson III), was purchased by Askar and his company, the Askar Group. This Florida-based entity, specifically from Naples, completed the acquisition of the Farmington, Connecticut property.
Details of the Mansion's Sale
The transaction for the Farmington mansion concluded with a sale price of $2.9 million. This figure represents a significant reduction from previous market expectations, illustrating a considerable discount from its initial listing price.
Here's a comparison of the property's pricing throughout its time on the market:
| Detail | Price (USD) |
|---|---|
| Final Purchase Price | $2.9 million |
| Most Recent Asking Price | $4.995 million |
| Original List Price (2007) | $18.5 million |
The final sale price of $2.9 million was almost half of its most recent asking price of $4.995 million, and a sharp decline from its original list price of $18.5 million when it first went on the market in 2007.
The Estate's Background
- Location: The impressive mansion is located in Farmington, Connecticut.
- Size: It encompasses a vast 17-acre property, providing ample space and seclusion.
- Former Occupant: The estate gained considerable fame due to its former ownership by 50 Cent, who initially purchased it in 2003.
This sale concluded a long period during which the property was on the market, ultimately finding a new steward in Askar and the Askar Group.
