Kanye West, now known as Ye, has finalized the sale of his Malibu mansion at a significant loss of approximately $36 million, sold for $21 million.
Belwood Investments noted the 'unfinished renovations and subsequent damage' as a factor enabling 'aggressive negotiations,' highlighting the complicated sale process of the property.
West's investment in the Tadao Ando-designed house in 2021 for $57.3 million culminated in drastic price cuts from $53 million to $21 million after stalled renovations.
In addition to his real estate struggles, West's brief foray into the porn industry was abruptly halted, showing further instability in his business ventures.
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