Kanye West’s latest stunt has left his former Malibu mansion in disrepair and its new owners scratching their heads. New owner and California-based CEO Bo Belmont, speaking to the LA Times, claims that the once-pristine architectural gem, designed by renowned architect Tadao Ando, was completely gutted and ‘destroyed’ after West’s failed renovation attempt. Done. The outlet also reported that Belmont plans to spend $6-$8 million on a new fix-up to bring it back to the original design by the Japanese architect.
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Kanye West made ‘stupid changes’ to his Malibu mansion before selling it
Real estate crowdfunding firm, Bellwood Investments, stepped in this week to bail out Kanye West’s architectural disaster. The value of the property dropped to just $21 million. The firm’s CEO expressed disappointment at the changes West made to the building, calling it a “really stupid move” that served “no purpose”, and vowed to restore the property to its original state. “He single-handedly destroyed this architectural masterpiece,” Belmont said. My goal is to make it as if Kanye was never there.
The report said that Kanye West’s makeover was very strange. The rapper took out essentials like windows, doors, electricity and water pipes, and wanted to turn the house into a play area with things like slides and trampolines. Additionally, it was probably his intention to completely conceal the exterior of the property.
To restore the mansion to its original condition, Bellwood Investments has partnered with Marmol Radziner, the original design-build firm involved in the construction of the home. With more than 500 investors backing the project, Bellwood hopes to successfully renovate the property and sell it for a profit, ensuring it will “remain a gem of Malibu.”
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Belmont said, according to the LA Times, “It will require extensive review… There’s a process to it and he does things his way, and the city of Malibu, they don’t care who you are, they’ll hold you accountable. “
Kanye West’s Malibu Mansion Officially Off the Market, But With a Huge Loss
Kanye West’s troubled Malibu mansion is now in the hands of a company that has been selling homes since 2018. The company aims to raise $5 million to restore the property to its original condition, with plans to resell it for $40 million. West, who is trying to make a comeback after canceling due to anti-Semitic comments, purchased the oceanfront property in 2021 for a whopping $57.3 million, but despite ambitious renovation plans, he is unable to complete the project. Could and sold it at a huge loss. $36 million. Initially listed for sale in December 2023, the mansion was priced at $53 million.
Kanye West announces new album
After releasing two “Vultures” albums with Ty Dolla Sign earlier this year, Kanye West has released a new album called “Bully.” Today, he premiered his latest track, “Beauty and the Beast” during a show at Wuyuan River Stadium in Haikou, China. West has recently been busy touring various countries.
“I have a new album coming out,” Ye announced at the end of her performance. “The album is called ‘Bully,’ and the song is called ‘Beauty and the Beast.’ Don’t take this as disrespect; I’m sitting here trying to redirect.” The rapper was in China today for his second performance this month.
