Kanye West snaps up $35M Beverly Hills estate after selling gutted Malibu home for a $36M loss

LOS ANGELES, CALIFORNIA: Kanye West has reportedly expanded his real estate portfolio with a $35 million, 20,000-square-foot mansion in the prestigious Beverly Park North neighborhood of Beverly Hills, California.

According to TMZ, the rapper and fashion mogul acquired the property in an off-market deal through an LLC.

Kanye West buys $35M Beverly Park North mansion after Malibu estate setback

The sprawling estate, which covers approximately seven acres, includes 11 bedrooms, 18 bathrooms, a resort-style pool with a waterfall, a lap pool, a pool house, a tennis court, and an entertainment pavilion.

This high-profile purchase follows the sale of his former Malibu home, a project that became widely known for its “bomb shelter” design ambitions. The Malibu mansion, initially bought for $57 million in 2021, underwent extensive modifications that reportedly involved removing windows and gutting interiors, which ultimately complicated the sale.

West’s previous Malibu venture had been listed for $53 million but ultimately sold for $21 million, a sharp decrease attributed to the controversial renovations. Project manager Tony Saxon claimed West’s demands caused significant strain, alleging that the changes violated labor codes and went against professional advice.

Saxon’s lawyer, Neama Rahman, noted that the sale might help cover an alleged $1 million owed to Saxon, describing the Malibu home as “a Picasso on the water” before its drastic alterations.

New owner Bo Belmont, head of Belwood Investments, has expressed plans to undo West’s changes, budgeting $8 million to restore the Malibu property. “My goal is to make it as though Kanye was never there,” Belmont said, calling West’s bomb-shelter concept “really dumb” and “without purpose.”

Kanye West's $35 million Beverly Hills mansion purchase raises eyebrows online

Kanye West has stirred up conversations online following his recent acquisition of a $35 million mansion in Beverly Hills, especially after his Malibu project fell through. With 11 bedrooms and 18 bathrooms, the massive estate has left many wondering about the purpose behind such a grand purchase.

One user quipped, "What is he gonna do with 11 bedrooms?" while another joked, "11 bedrooms & 18 bathrooms for all of his personalities." 

The purchase also ignited discussions about West's financial status. "There goes our neighborhood," one user lamented.  Another user remarked, "I didn't know he had that kind of money, he probably doesn’t, but the bank will lend him the money because he is Kanye West."

Responses varied, with one person stating, “And y’all said he was broke,” while another chimed in, “He claims to be a billionaire, so…” 

This article contains remarks made on the Internet by individual people and organizations. MEAWW cannot confirm them independently and does not support claims or opinions being made online.