Amid his wild social media rants, troubles with his wife, and his controversial albums, Kanye West is taking a financial loss.
On Monday, the rapper’s abandoned mansion was purchased by a luxury home developer for $30 million, nearly $27 million less than what Ye bought it for in 2021, according to the Wall Street Journal.
With the news of the home being sold, it’s the perfect time to revisit what went down with the Chicago rapper’s former Malibu residence.
In 2021, the controversial rapper reportedly paid $57 million for his Malibu home. The purchase was around the time he and Kim Kardashian split.
The home was designed by world-renowned Japanese architect Tadao Ando.
Ando is a household name in the architectural world. He also built Beyonce and Jay-Z’s $200 million home.
According to Forbes, shortly after Ye, formerly known as Kanye West, purchased the home, he began taking it apart. He reportedly removed the windows, doors and all of the furniture.
In 2022, Ye was reportedly still renovating the house. But neighbors told TMZ that it had been “left to rot” and that they hadn’t “seen anyone around for many months.”
Around the same time that neighbors complained to TMZ about the house, Ye’s financial situation took a major hit after he repeatedly made antisemitic comments. It’s unclear if that impacted his renovations on the Malibu home.
According to Business Insider, Lawyers representing Saxon filed a lien on the property in January. They told the outlet that a “sale cannot happen without Tony being paid.”
Ye employed the help of Selling Sunset star and real estate agent, Jason Oppenheim to sell the home.
Oppenheim for his part said he was thrilled to join the project. He told TMZ that he wasn’t worried that the home was completely gutted because it would give the new owners a blank canvas.
Ye originally listed the un-renovated home for $53 million, according to the Wall Street Journal.
Surprisingly, no one wanted to buy the home that was missing windows, doors ,and electricity.
In April 2024, Ye slashed the cost of the house, according to Forbes, listing it for $39 million.
In March, the house was sold for $30 million to luxury home developer Andrew Mazzella, who has plans to eventually resell the home for nearly $65 million, according to the .
