Kanye West's abandoned Malibu retreat, a Tadao Ando-designed home, has recently been put back on the market following a significant financial loss for West. Acquired last August by Belwood Investments for under $22 million, the property had been gutted by West, who had initially bought it for over $57 million. The CEO of Belwood, Bo Belmont, has undertaken renovations despite the property still needing windows, and plans to relist it after indicating about $8.5 million more spent on restoration.
West's former Malibu retreat, designed by renowned Japanese architect Tadao Ando, made headlines after the controversial rapper left it gutted and vacant.
Belwood Investments snapped it up last August for under $22 million - amounting to a loss of more than $36 million for West.
Despite extensive renovations underway, Belmont aims to relist the property, indicating a rapid turnaround for the unique architectural piece.
West's teardown job occurred around the same time that his erratic behavior and antisemitic outbursts made increasingly frequent headlines.
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