Kanye West, now known as Ye, has officially sold his troubled Malibu mansion to Belwood Investments for approximately $21 million.
The property, designed by renowned architect Tadao Ando, was initially purchased by Ye for $57.3 million in 2021 but underwent drastic renovations that left it stripped down and uninhabitable, as he reportedly aimed to convert it into a bomb shelter.
After failing to attract buyers at a listing price of $53 million, Ye reduced the price significantly, ultimately leading to the sale.Belwood's CEO, Bo Belmont, plans to invest an additional $5 million to restore the mansion to its original architectural glory, emphasizing the importance of preserving this unique property in Malibu.
The deal is set to close on September 3, marking the end of Ye's tumultuous ownership of the estate
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