50 Cent recently sat down with Brian J. Roberts to discuss his life and various business ventures throughout his career. While the rapper and filmmaker discussed the peaks and valleys of success, as well as his thoughts on multiple topics, he revealed he was paying $800 in rent with $38 million in his account.
During the interview, 50 Cent described adjusting to his newfound wealth and fame. He also explained why he bought Mike Tyson's 52-room mansion in Connecticut after the boxer went bankrupt. The Power and BMF producer explained that he needed to list expenses in order to prevent the IRS from taxing him heavily.
Following his successful tour with Jay-Z, 50 Cent came home to nearly $40 million to his name had nothing but a two-bedroom apartment that cost less than $1,000 per month to stay in.
"My first run -- the Rock The Mic tour -- I came back, I had $38 million in my account," 50 said. "And all I had was a two-bedroom apartment that was $800 a month. So if you don't spend it, you know the IRS is gonna take it. So I needed the expenses. So I ended up buying Mike Tyson's home in Farmington."
50 Cent bought Mike Tyson's mansion for $4.5 million. The 50,000-square-foot home boasted 21 bedrooms, 25 bathrooms, an indoor pool and hot tub, a green-screen room, an indoor court, multiple game rooms, and a recording studio.
While the rapper tried selling the home for almost $20 million, he eventually sold it for about $3 million as the mansion remained on the market for over a decade.
