New Owner of Kanye West’s Gutted Malibu Mansion Revealed

Belwood Investments, a crowdfunding firm, is set to purchase Kanye West’s gutted Malibu home for around $21 million, a significant drop from the $57.25 million he paid in 2021. The property, designed by architect Tadao Ando, was stripped of its interior fittings by West, leading to a drastic price reduction. Belwood plans to invest $5 million in renovations to restore the property to its original state, with the process expected to take 12-16 months. The 4,000-square-foot home, originally built for financier Richard Sachs, features ocean views and unique design elements specified by Ando. Belwood Investments will close the deal on September 3.

Do you think Kanye will be able to bounce back financially?