The disgraced rapper isn’t going to get much from the sale of his home.
He owes too many people too much money and he isn’t the sole owner and there are also a lot of liens on the property.
Kanye West
Malibu home
Co-owner: Kim Kardashian
Financial woes force Kanye West to part ways with rare oceanfront Malibu home — for a loss
Rapper and designer Kanye West, now going by the moniker Ye, is ditching his Tadao Ando-designed Malibu masterpiece for $53 million — a few years after splurging $57.25 million on the coastal crib.
Insiders tell The Post that a concoction of factors, including the artist’s shaky finances, played a key role in his decision to unload this unique oceanfront abode, even at a loss.
“Let’s just say the cash flow isn’t really flowing at the moment,” a source revealed, peeling back the layers of West’s motivation. “The renovations turned out to be a bigger hassle than expected.”
The music mogul acquired the beachfront property back in 2021 and embarked on an ambitious renovation project that remains incomplete.
Jason Oppenheim, of the Oppenheim Group and “Selling Sunset,” spills the tea, stating that the roughly 4,000-square-foot dwelling is in dire need of windows, doors, plumbing, electrical work, HVAC and interior finishes.
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