realestate

Kanye West's Troubled $36M Malibu Mansion Deal

Kanye West's USD 36 million Malibu mansion: What went wrong and where he lives now.

K
anye West's bold creative endeavors often push boundaries, but his foray into real estate proved a costly misstep. The visionary rapper and designer attempted to transform an award-winning architectural masterpiece in Malibu into a bespoke sanctuary, only to see it dwindle to a staggering $36 million loss.

    A brief rundown on Kanye:

    * Business ventures: Yeezy, DONDA, Good Music, KW Foods LLC

    * Age: 47

    * Height: 1.73m

    * Spouse: Biance Censori

    * Net worth: $400m

    The Malibu Mansion Debacle

    In 2021, Kanye purchased the stunning $57.3 million beachfront property designed by Tadao Ando, renowned for its minimalist concrete structure and innovative design elements. However, Kanye's desire for personalization led him to strip the house bare, removing windows, doors, plumbing, and interior finishes. The result was a bunker-like shell that failed to impress potential buyers.

    Rumors suggest Kanye intended to create a unique environment that reflected his artistic vision, but he lost interest mid-project. The partially destroyed mansion listed for an eye-watering $53 million, attracting no takers.

    A New Owner Emerges

    After struggling to find a buyer, Kanye enlisted Jason Oppenheim from Selling Sunset to list the property at a reduced price of $39 million. Belwood Investments eventually purchased the property for just $21 million, marking a significant loss for Kanye. The new owner, Bo Belmont, plans to invest an additional $5 million to restore the house to its former glory, aiming to sell it for around $40 million.

    Kanye's Current Abode

    Following his divorce from Kim Kardashian, Kanye retreated to his Wyoming ranch, seeking solace in the rural environment. Although he occasionally spends time in Los Angeles for business and family, Wyoming remains his primary residence.

Kanye West's Malibu mansion deal collapses amidst financial and personal turmoil issues.