After the embattled rapper purchased his architect-designed home in 2021 for $57,300,00, Kanye West just offloaded his Malibu house at a $36,000,000 loss.
The controversial musician’s oceanfront home was sold to crowdfunded investment firm Belwood Investments for $21,000,000, and in a statement about the purchase the new owners said:
“This is not just a phenomenal real estate investment; it is an opportunity to revitalize and preserve an architectural gem by the renowned Tadao Ando, ensuring it remains a jewel of Malibu,” “This acquisition exemplifies Belwood Investments’ commitment to transforming properties with historical and architectural significance while delivering exceptional returns for our investors.”
Following his initial purchase, the now 47-year old musician gutted the entire property with the intention of remodeling from scratch. However his initial plans never came to pass by January 2024 when he put house back on the market, with an asking price of $53,000,000.00 In April, The price was slashed the price further to $39,000,000 but was unable to secure a buyer.
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Author: Al Denté
Photo: Peter Hutchins