Kanye West's $57 million property is allegedly decaying after he closed down his construction firm. Kanye West's Japanese-inspired house in Malibu, Calif., is apparently decaying away, based on a story posted on Friday (May 26) by the UK's The Sun.
The rapper-producer secretly shut down his construction firm, Yeezy Construction, Inc., last November. Since then, the house has been entirely gutted and is currently undergoing renovations.
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Kanye purchased the Malibu house at a bargain in September 2021. The property, created by Ye's favorite architect Tadao Ando, was first listed for $75 million before being taken off the market.
The mansion was supposed to be "part house, part sculpture," with just a handful of Ando designs seen around America, but Kanye totally wrecked it, leaving only a concrete shell and rusted balconies. Along the shore, there are also abandoned utility pipes beneath the land.
Kanye West's $57 Million Home Rots Away After Construction Stops. pic.twitter.com/AFBg1kXFWe— WhatsOnRap (@whatsonrap) May 29, 2023
According to the Sun, Kanye's construction firm was founded in Wyoming last August, when he acquired a $14 million ranch, which is also apparently accumulating dust. Currently, the Grammy Award-winning rapper is said to be residing at a mansion on Melrose Avenue in Los Angeles.
However, Kanye's fellow musicians, Jay-Z and Beyoncé, just acquired a $200 million mansion built by Tadao Ando in Malibu, California.