Foreign Property News | Posted by Si Thu Aung
KANYE West's $57.25 million Malibu beachfront mansion could be permanently left to rot after his construction company was quietly dissolved last year, The U.S. Sun has learned.
The rapper and entrepreneur is thought to have hit some financial trouble after his Yeezy brand was dropped by Adidas in October due to his anti-Semitic remarks.
(Kanye's mansion continues to rust away as he has abandoned the home amid reported money issuesCredit: BackGrid)
(Kanye West previously admitted he lost 'billions' after being dropped by multiple brands amid the backlashCredit: The Mega Agency)
He then canceled contractors working on the Japanese-inspired property, which he bought in September 2021, according to an insider, and it's been left gutted mid-renovation.
Now, The U.S. Sun can reveal the star closed down Yeezy Construction Inc. in November, which means that the rotting mansion may remain in its current state for good.
Exclusive new photographs reveal what a mess it's become.
When Kanye purchased the trendy grey cube, which is designed by celebrated architect Tadao Ando, it was partially fitted out with windows and needed only to be renovated internally and painted.
The property is meant to be "part house, part sculpture", with only a few Ando designs being seen throughout America, but Kanye completely gutted the place and now all that remains is the concrete shell and rusting balconies, while utility pipes have been left abandoned underneath the property alongside the beach.
The breathtaking oceanfront Malibu home has never been lived in by KanyeCredit: X17Online.com
The star is also facing multiple lawsuits as he tries to get his life back on trackCredit: Getty
The entrepreneur is now focused on his new Yeezy office on Melrose Avenue in Los AngelesCredit: The U.S. Sun
Ref: Kanye’s Construction Company Shuts Down As $57M Mansion Rots By The Ocean (the sun)
