Kanye West splashes $57 million on new residence that is part house, part sculpture

Abu Mubarik September 25, 2021
Kanye West's new apartment. Photo credit: Realtor.com via Dirt

Kanye West has reportedly spent $57 million on a new residence in Malibu amidst his ongoing divorce with his reality star wife, Kim Kardashian. The residence is said to be part house and part sculpture.

Since Kardashian filed for a divorce to end a nearly seven-year marriage to West, the billionaire rapper has been living on his Wyoming ranch while Kim and their four children, North, 7, Saint, 5, Chicago, 2, and Psalm, 1, live in the 40-million-dollar home in Calabasas, California.

West is said to have purchased the house because he is fascinated with Japanese sculpture homes mostly found in the Japanese city of Naoshima, also called the “art island.” After first visiting the place, West is said to have described the art as “life-changing” and once said he’d like to live inside a James Turrell sculpture, according to Dirt.

West found his latest purchase as the closest thing he could get in the U.S., thereby spending a whopping $57.3 million, in an off-market deal, for the Malibu residence. Dirt reports that the place is also one of only a handful of Ando-designed homes in the U.S.

Last year, the house was offered at an outrageous $75 million before it was taken off the market. Despite the discounted price the house was offered, it is the second-highest number paid for a Malibu home this year, according to Dirt.

According to the New York Post, the three-story building sits on a 0.13-acre beachfront constructed in 2013. It has a large, glass pivot door facing the beach, a garage, four bedrooms and five bathrooms, city records cited by the New York Post show.

The facility’s previous owner was Ashley Olsen’s onetime boyfriend Richard Sachs. Before Sachs, the home was owned by voice actor Edie Boddicker and her husband, composer Michael Boddicker.

According to a Bloomberg estimate, West is officially worth $6.6 billion, making him the richest Black man in U.S. history. However, Forbes estimates that he is worth much lower than that, putting his net worth at $1.8 billion.

Forbes further emphasized that the founder of Vista Equity Robert F. Smith remains the richest Black person in the U.S. with an estimated net worth of $6 billion while Aliko Dangote of Nigeria, worth $11.8 billion, is the richest Black person in the world.

West had previously claimed he was worth $3 billion although Forbes published that his net worth was lower than he claimed. Displeased with Forbes’s valuation of his worth, West, according to PEOPLE, texted Forbes, “It’s not a billion. It’s $3.3 billion since no one at Forbes knows how to count.”

Last Edited by:Mildred Europa Taylor Updated: September 25, 2021


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