Early last week, entertainer and designer Kanye West listed his Malibu estate for $53 million, about $4 million less than his purchase price two years ago, the Daily Mail reported.
But the Malibu property is just one of West’s real estate ventures, which are clearly in disrepair.
Another western property, a ranch in Wyoming, appears to have been abandoned, and a property in Hidden Hills, California, appears to be in need of major work.
Mr. West’s ambitious real estate goals, including futuristic dome developments and affordable housing experiments, appear to have fallen apart. His Wyoming ranch, once bustling with development activity, is now deserted, with buildings covered in snow, the newspaper reported.
In Los Angeles, the site of West’s Donda Academy remains in disrepair.
Additionally, his Calabasas ranch has a failed dome project on display, with scattered trash and stranded dune buggies on display. West’s ex-wife Kim Kardashian’s home in Hidden Hills also appears abandoned and untouched, including the house across the street.
The decline in West’s real estate business comes as controversies and personal issues, including frequent anti-Semitic remarks, have affected his multibillion-dollar status as a fashion and music mogul, and his career and public image have suffered. parallel to the challenges faced by
This is a far cry from West’s plans in 2019, when he publicly announced his intention to build a real estate empire and move into urban design, an announcement that was divisive.
In an interview with TV and radio personality Charlemagne Tha God, West said, “I want to be one of the greatest real estate developers of all time, like Howard Hughes was to airplanes and Henry Ford was to automobiles.” “We want to be the kind of people who are…we develop cities.” ”
Later that month, he announced plans to start an architecture firm called “Yeezy home” with the aim of “making the world a better place.” West envisioned the design as having potential for affordable housing, but little has come of it since its announcement. Meanwhile, several of West’s properties fall into further disrepair.
remains “one of the largest real estate developers of all time.”
— Ted Glanser