Insiders claim Kanye West is having severe cash flow problems and is selling his unfinished Malibu beach house at a loss...
From NY Post
Rapper and designer Kanye West, now going by the moniker Ye, is ditching his Tadao Ando-designed Malibu masterpiece for $53 million — a few years after splurging $57.25 million on the coastal crib.
Insiders tell The Post that a concoction of factors, including the artist’s shaky finances, played a key role in his decision to unload this unique oceanfront abode, even at a loss.
“Let’s just say the cash flow isn’t really flowing at the moment,” a source revealed, peeling back the layers of West’s motivation. “The renovations turned out to be a bigger hassle than expected.”
The listing was teased on Instagram Tuesday, giving property gossips a taste of what was to come.
The music mogul acquired the beachfront property back in 2021 and embarked on an ambitious renovation project that remains incomplete.
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