Buyer criticizes Kanye West’s Malibu demolition,
Ye, previously known as Kanye West, has sold his Malibu mansion to Bo Belmont, a real estate investment CEO.
He experienced a significant loss of $53 million on the sale.
Originally, the rapper bought the Malibu house for $57.3 million in 2021.
In August 2024, he sold it to Belmont for just $21 million after nine months on the market.
Belmont explained that the price was significantly reduced due to “unfinished renovations and subsequent damage” found in the property.
Over the next 12 months, Belmont plans to invest $5 million to restore the mansion to its original beauty.
Earlier this year, Ye faced criticism for damaging the property significantly during his ownership.
He removed doors, windows, and essential utilities like electricity and plumbing.
Additionally, he ripped the glazing off the floors, which raised concerns among observers.
The design publication Archinect even described the house as an “architectural cadaver,” highlighting its poor condition.
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The house was originally designed by Osaka-born architect Tadao Ando, known as an architectural jewel of Malibu before Ye’s alterations.
Belmont expressed his intentions clearly, stating, “My goal is to make it as though Kanye was never there.”
He emphasized that the house will be restored to its original state.
In an interview with the Los Angeles Times, he shared his thoughts on the renovations.
Belmont was particularly critical of Ye’s decision to remove the floor glazing.
He remarked, “That was a really dumb move. There was really no purpose in doing that.”
