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Kanye West is rumored to be having some cash issues. Media Take Out confirmed that the rapper has diminished Malibu mansion worth by $14m. The dilapidated seaside house ‘won’t promote’ after months of failed renovations.
The rap music star bought the house in 2021 for $57million and had main renovation plans for the property. That turned out o be a VERY dangerous funding.
Kanye plopped thousands and thousands of {dollars} into the house to “renovate it” to his requirements. However he destroyed the house.
Now, as an alternative of paying the $53million that the Vultures hitmaker requested for, anybody trying to buy his former humble abode will now be paying $39million.
The house has 4 bedrooms, 5 bogs, outside decks, and a full view of the ocean.
Kanye initially had the concept to show it into his dream house for his 4 kids he shares with ex, Kim Kardashian, 43: North, 10, Saint, eight, Chicago, six, and Psalm, 4.
As a substitute of residing within the house, Kanye utterly gutted the inside and ended up scrapping the undertaking earlier than it began.
And Kanye had bother paying his contractors on the renovations. One contractor sued Ye and alleged that Kanye had but to pay him for his work and that he owes him $1million.
In January, The Hollywood Reporter reported that Tony’s lawyer, Ron Zambrano, filed a mechanics lein.
A mechanics lein happens when an individual fails to pay their staff and may end up in the forclosure of the property.
A few of the cash used to repurchase the property will go to the employees so they’re paid correctly.
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