Kanye West Sells Malibu Mansion at a $36 Million Loss

New owner Bo Belmont plans to restore Tadao Ando-designed home to its original state after controversial alterations by the rapper.

Kanye West sold his gutted Malibu mansion for $21 million, significantly less than the $57.3 million he paid in 2021.
The new owner, Bo Belmont of Belwood Investments, criticized West's changes, calling the removal of floor glazing 'dumb.'
Belmont intends to invest $6-$8 million to restore the house to its original design by renowned architect Tadao Ando.
West's alterations included removing windows, doors, and plumbing, and proposing extreme modifications like trampoline floors and a slide staircase.
Belmont plans to flip the restored property for a profit to benefit the 500 investors involved in the purchase.