Man who bought Kanye West’s mansion for $21,000,000 reveals ‘dumb’ alterations the rapper made
Topics: Celebrity, Kanye West, Money, US News, Property
Poppy Bilderbeck
Featured Image Credit: Getty/Gotham/The Oppenheim Group
Topics: Celebrity, Kanye West, Money, US News, Property
The man who bought Kanye West's Malibu beachfront mansion has spoken out about his plans for the property.
Normally if you're lucky enough to become a property owner, it's considered one of the best ways to make sure you're sorted with a solid amount of cash, alas, for Kanye West - who know goes by Ye - he ended up selling his Malibu beachfront house for less than half of what he paid for it.
Why? Well, because of his unique - and that's putting it nicely - alterations to the property which it turns out, aren't appreciated by the new owner at all.
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In 2021, Ye bought the 4,000 square-foot property for a whopping $57.3 million.
Despite the house having been designed by Japanese architect Tadao Ando, Ye set about making his own adjustments - and that's putting it lightly.
The 'Donda' rapper is reported as having completely gutted the house, ripping out all of its 'interior finishes' such as its plumbing and floor-to-ceiling windows.
And then rather than building it back up or adding any finishing touches, Ye gave up and listed the house on the market for the staggering sum of $53 million.
Any potential buyers clearly unimpressed with Ye's alterations and/or the hefty price tag, the house had to be reduced, initially cut to $39 million and later selling for just $21 million - just 36.6 percent of what Ye paid.
And the man who bought the property, named Bo Belmont, certainly hasn't held back.
Belmont told The LA Times his ultimate 'goal' is 'to make it as though Kanye was never there'. Ouch.
And all of Ye's work stripping the house and renovating it? Well, it turns out it'll all have been for nothing.
"The house will be restored right back to what it was," Belmont continued.
Thankfully, he explained most of the changes Ye made to the property were 'cosmetic' versus any of the house's structure being radically altered or damaged, with the Oppenheim Group's website stating the building consists of '1,200 tons of concrete, 200 tons of steel reinforcement and 12 massive pylons driven more than 60 feet into the sand' branding the building 'an everlasting beacon of permanence on California's coast line'.
However, Belmont criticized Ye's removal of the floor's glazing as 'a really dumb move' with 'really no purpose'.
The new owner said he expects he'll have to spend around $6-8 million to restore the house to its former glory.
Well, if you were looking at getting into interior design, it's probably best you don't give up your day job anytime soon Ye.