“Dumb”- Ye’s $21 Million Malibu Mansion’s New Owner Calls Foul of His Alterations as He Plans to Revamp Property

Published 09/27/2024, 10:01 PM EDT

The ‘Vultures’ rapper, Kanye West, now known as Ye, reigns supreme as an undefeated rapper of this era. However, his creative genius has its limits. Recent events expose his vulnerabilities, showcasing that even the visionary artist is only human. The staggering loss on his $53 million luxury mansion, sold for a mere $21 million, has not only cost Ye his bucks but has also sparked ridicule. The buyer who now owns Ye's property has called him out for her poor interior design skills, labeling them as eccentric and flawed. 

As the gates of his formerly coveted estate open to a new owner, he got a glimpse of Ye's imperfect side, one where taste and business acumen did not align.

The present owner of Ye's property expresses disdain for the rapper's choices

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Bo Belmont, the new owner of the rapper's former Tadao Ando-designed luxury mansion, slammed the rapper's design choices as foolish. "That was a really dumb move. Really no purpose," Belmont stated in an interview with The LA Times, specifically criticizing Ye's decision to remove the glazing from the floors. He described the changes Ye made as "mostly cosmetic.

Ye's eccentric ideas, including turning stairs into slides, floors into trampolines, and camouflaging the exterior, will be reversed. Putting forth his opinion, the new owner aims to erase any trace of Ye's ownership, as if he was “never there”. Belmont the new handler of the property, is thus set to undo Ye's modifications, returning the house to its former glory, free from the rapper's unconventional vision.

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Not just in words, but Belmont’s seriousness in reversing Ye’s alterations is visible in his willingness to free his pockets.

Belmont has all plans it place to redo Ye’s 57 million dollar Malibu beauty

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According to LA Times, Bo Belmont has plans to invest $6-8 million to restore the property to being one of the jewels of land. Working with Marmol Radziner, the initial builders, his goal is to flip the house for a profit, benefiting investors in his company. The firm reportedly allows public micro-investments in high-end real estate. Jason Oppenheim represented Ye in the sale, which closed Thursday. 

Ye’s mansion has thus changed hands officially, with Belmont purchasing the property for $21 million. Ye bought the home in 2021 for $57 million. Belmont credited the significant price drop to Ye's unconventional renovation attempts, which didn't meet city standards. "He does things his own way," Belmont noted, emphasizing the city's strict regulations.

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What do you think of Bo Belmont's comments on Ye's penchant for designing his mansions? Let us know in the comments below. 

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Shraddha Suman

1974 articles

Shraddha Das is a Content Lead and the Sub Group Head at Netflix Junkie. Captivated by the power of storytelling and the written word at a young age, which led her to pursue a career in journalism at the Esteemed KIIT School of Journalism and Mass Communication, in Orissa. She has over 1500 articles to her name.

Edited By: Itti Mahajan

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