A Cursed Home? Financial Difficulties Often Afflict Owners of Farmington Home

50 Cent is not the first owner of 50 Poplar Hill Dr. to file for bankruptcy, reports Boston.com.

While the rapper has said that he filed for Chapter 11 bankruptcy as a “strategic business move,” others who have owned this home have also been afflicted by financial troubles.

The nearly 50,000 square foot home was built in 1985 for the co-founder of a real estate company at the reported cost of $2.3 million. In 1990, the owner and his company were forced into bankruptcy.

In 1992, the mansion went into foreclosure and was sold to People’s Bank for $3.5 million in an auction. In 1993, the bank then sold it to a Lithuanian import-export business owner for $2.7 million.

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In 1994, the owner put the home up for sale for $3.5 million, as he was facing bankruptcy at the time. In 1996, when facing foreclosure and back property taxes, he sold the house to boxer Mike Tyson for $2.8 million. The next year, Tyson put the home up for sale for $22 million. It did not find a buyer.

In 2003, the home was awarded to Tyson’s ex-wife, Monica Turner, as part of a divorce settlement. Tyson, who had amassed a $400 million fortune, then declared bankruptcy.

Months later, 50 Cent purchased the home from Turner for $4.1 million.

Not long after that, 50 Cent listed the house for sale at $18.5 million. Over the years, the price has been cut and the home has been put on and taken off the market several times. When the listing was removed for the last time in October of 2012, the asking price was $9,999,999.

To read the full Boston.com report, click here.

Photo via Zillow.com.