Kanye West (now known as Ye) has found a buyer for the Malibu mansion he demolished, albeit at a loss of approximately $36 million.
Belwood Investments Real Estate Investment Company announced in a press release Earlier this month, West signed a contract to purchase the property for a reported $21 million. As previously reported, West had already lowered the asking price of the 4,000-square-foot home from $53 million to $39 million after having difficulty selling it.
West purchased the Tadao Ando-designed property for $57.3 million from bicycle designer Richard Sachs in 2021. He prepared for substantial renovations by gutting fixtures and furnishings, including windows and doors, but construction abruptly halted in 2022, leaving parts of the structure completely exposed to the elements.
Belwood Investments mentioned “unfinished renovations and subsequent damage” in its press release, implying that the door was left open for “aggressive negotiations with The Oppenheim Group.”
In another hastily abandoned project, it was reported in April that West was “determined” to enter the porn industry. Just weeks later, all “Yeezy Porn” ad posts were felled.
Earlier this month, West finally released Vultures 2his long-delayed collaborative album with Ty Dolla $ign. It arrived six months later Vultures 1which Consequence Features editor Wren Graves called it “dead on arrival” in his review.
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