Kanye West's Malibu Home Sold for $21 Million

Kanye West, also known as Ye, is set to sell his gutted Malibu mansion to California-based Belwood Investments for approximately $21 million, a significant decrease from the $57.3 million he originally paid in 2021. The property, designed by renowned architect Tadao Ando, had been stripped down by West to transform it into a bomb shelter, resulting in a lack of HVAC, plumbing, and electrical systems. After struggling to attract buyers at a $53 million asking price, he lowered it to $39 million in April before finally reaching a deal. Belwood plans to invest an additional $5 million to restore the property to its original design, emphasizing its architectural significance. This sale marks a roughly 60% discount from the initial asking price, highlighting the challenges faced by West's ambitious renovation project.