Kanye West Sells Malibu Beach House at Massive Loss, Takes $36 Million Hit

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Kanye West, known for his bold artistic vision and extravagant lifestyle, has made headlines once again—this time for a significant financial setback in the world of real estate. The rapper and entrepreneur, who purchased a luxurious Malibu beach house for a whopping $57.3 million in 2021, has sold the property for just $21 million, resulting in a staggering $36 million loss.

The oceanfront property, which West had gutted with the intention of completely overhauling, was snapped up by California-based real estate crowdfunding firm Belwood Investments. Public records show that the sale took place last month, marking a dramatic decrease in value for the once high-profile purchase.

West’s decision to buy the Malibu home was part of his broader portfolio of real estate investments, reflecting his penchant for acquiring unique and high-end properties. However, his plans to remodel the house were never fully realized, leaving the property in a gutted state at the time of sale.

The loss is a rare and substantial one, even for someone with West’s financial clout. It underscores the risks involved in high-stakes real estate ventures, particularly in the luxury market where properties can fluctuate drastically in value based on factors like location, condition, and market trends.

Despite the significant financial hit, West remains one of the most influential figures in entertainment and business, with a net worth that still stands strong. Whether this loss will impact his future real estate ventures remains to be seen, but it serves as a reminder that even the most successful entrepreneurs are not immune to the risks of the market.

As for the Malibu beach house, its new owners at Belwood Investments have yet to announce their plans for the property. Whether they will carry out West’s original vision or take it in a new direction, the future of this oceanfront estate will be one to watch.

The post Kanye West Sells Malibu Beach House at Massive Loss, Takes $36 Million Hit first appeared on The Source.

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Nike Air Max 90 “Reverse Duck Camo” Officially Revealed

The official photos of the Nike Air Max 90 “Reverse Duck Camo” have just dropped, and the highly anticipated release is set for later this month. First released in March 2020, this iconic silhouette has been a favorite among sneaker enthusiasts since its debut, known for its timeless design and comfort. The “Reverse Duck Camo” brings a fresh twist to the classic camo pattern, featuring vibrant colors and bold detailing that make it truly stand out in the sneaker world. This pair not only captures the essence of the original but also adds a unique flair that appeals to both collectors and newcomers alike.

With its iconic silhouette and rich legacy, the Nike Air Max 90 remains a staple in sneaker culture. The return of the “Reverse Duck Camo” colorway offers a second chance for those who missed out on the initial release, ensuring that more fans can add this coveted pair to their collections. Make sure to mark your calendars, as this release will sell out quickly. Don’t miss your opportunity to secure a pair when they drop later this month.

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“Reverse Duck Camo” Nike Air Max 90

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Image via Nike

With a vibrant orange and black rubber sole combined with a crisp white midsole, these sneakers offer a bold color contrast. The uppers feature a bright orange mesh base, complemented by camo leather overlays that add to the unique aesthetic. Finishing the design are black leather Nike Swooshes on the sides, along with orange Nike branding on the tongues and heels.

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Sneaker News reports that the Nike Air Max 90 “Reverse Duck Camo” will still be restocked on September 19th. Also, the retail price of the sneakers will be $140 when they are released. Further, make sure to let us know what you think about these kicks in the comments below. Additionally, stay tuned to HNHH for the most recent updates and news from the sneaker community. We’ll make sure to offer you the newest products from the most notable brands.

Duck Camo
Image via Nike
Nike Air Max 90
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Rihanna Stars In New Dior Perfume Ad: Watch

Rihanna has teamed up with Dior to become the newest face of J’Adore. In doing so, she shared her first advertisement with the brand on social media on Sunday. In the commercial, she poses in the iconic Mirror Of Halls in Versailles. The piece was shot by her long-time friend, Steven Klein. “Your dreams… make them real,” she says in the ad as well as her caption to the post.

Rihanna discussed the collaboration with ELLE UK for an interview published on Sunday as well. “I always enjoy working with Steven. Even with all he’s accomplished, he still has such a genuine, pure, child-like passion for his art,’ she told the outlet. ‘It’s such a joy to work with artists like him! And full circle to be back at Versailles for Dior with Steven Klein! Dream team baby!” She also discussed her love for the brand as a whole. “I have always loved this perfume. My mother worked in a perfume shop and she used to bring home the testers when they were almost empty. There was always a bottle of J’Adore in the house,” she revealed.

Read More: ASAP Rocky’s “Tailor Swif” Had A Surprising Debut On The Global Spotify Chart

Rihanna Attends 95th Annual Academy Awards

HOLLYWOOD, CALIFORNIA – MARCH 12: Rihanna attends the 95th Annual Academy Awards at Hollywood & Highland on March 12, 2023 in Hollywood, California. (Photo by Emma McIntyre/Getty Images)

When Rihanna shared the video on X (formerly Twitter), fans joked about her continued lack of new music. “I thought this was new music announcement until I saw the j’adore Dior hashtag…,” one fan wrote. Another added: “The dream is for you to drop an album and for Rocky to drop an album and so far neither of them have came true…”

Rihanna Stars In New Dior Commercial

While Rihanna is gearing up for a new album, so is her partner, ASAP Rocky, who dropped a new single, Tailor Swif,” on Friday. Check out Rihanna and Dior’s collaboration on social media below. Be on the lookout for further updates on Rihanna and Dior on HotNewHipHop.

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Nike Book 1 “Python” Officially Unveiled

The official photos of the Nike Book 1 in the striking “Python” colorway have just been released, and the sneaker world is buzzing. This edition features an all-snakeskin upper in a sleek grey tone, giving the shoe a bold and luxurious look. The premium snakeskin material used throughout the upper sets this model apart, offering a unique texture and pattern. The grey color scheme adds a sophisticated and versatile aesthetic, making it easy to pair with various styles. Additionally, the sneaker includes a gum rubber sole, providing a classic touch that complements the modern design.

The Nike Book 1 “Python” is ideal for those who appreciate distinctive and stylish footwear. The blend of snakeskin and gum rubber makes this sneaker both fashionable and functional. Sneaker enthusiasts are eagerly awaiting this release, as its unique design and high-quality materials make it a standout addition to any collection. Keep an eye out for the release date—this Nike Book 1 “Python” is sure to turn heads. Don’t miss the opportunity to add this striking pair to your lineup. With its bold design and premium construction, it’s a must-have for any sneaker lover.

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“Python” Nike Book 1

Nike Book 1
Image via Nike

The sneakers feature a gym rubber sole paired with a white midsole. Also, t uppers are crafted from grey snakeskin leather, offering a distinctive texture. Further, a black hollow Nike Swoosh decorates the sides, complemented by light-colored laces and a matching snakeskin tongue. Booker’s personal branding, with “BOOK” on the tongues, adds a personalized touch. Overall, these sneakers are sure to make a big impact.

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Sneaker Bar Detroit reports that the Nike Book 1 “Python” is releasing on September 12th. Also, the retail price of the sneakers will be $150 when they are released. Further, make sure to let us know what you think about these kicks in the comments below. Additionally, stay tuned to HNHH for the most recent updates and news from the sneaker community. We’ll make sure to offer you the newest products from the most notable brands.

Python
Image via Nike
Nike Book 1
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Pras’ Fails To Earn Retrial In Political Conspiracy Case After AI Scandal

Pras Michel’s attempt to get a retrial due to his lawyer’s actions during his political conspiracy case was unsuccessful. U.S. District Judge Colleen Kollar-Kotelly decided that his defense attorney using generative AI for his closing arguments wasn’t enough to warrant a serious miscarriage of justice. The AI program notably attributed lyrics from Diddy’s song, “I’ll Be Missing You,” to Michel, among other errors. Despite this, Kollar-Kotelly didn’t feel the mistakes were enough to impact the jury’s ruling.

“Michel does not explain how this mistake—the mistaken attribution of a Puff Daddy song in the closing argument—resulted in prejudice. Specifically, Michel has not shown that there is a reasonable probability that the result of his trial would have differed had Kenner correctly attributed a lyric to him,” Kollar-Kotelly said, as caught by AllHipHop. “Notably, the content derived from the AI program did not relate to any evidence in the case, only general sympathetic statements and one lyrical quote.”

Read More: Pras Retrial Under Review Due To Defense Lawyer’s Incompetence: Report

Pras Arrives At His Trial In Washington D.C.

WASHINGTON, DC – MARCH 31: Pras Michel, a member of the 1990’s hip-hop group the Fugees, arrives at U.S. District Court on March 31, 2023 in Washington, DC. Michel is on trial for his alleged participation in a campaign finance conspiracy. (Photo by Kevin Dietsch/Getty Images)

The jury in the trial found Michel guilty on a total of 10 counts. They include conspiracy and acting as an unregistered agent of a foreign government. The prosecution accused him of funneling money from Malaysian financer Jho Low into influencing various United States government actions. He allegedly pumped money into Barack Obama’s 2012 reelection campaign as well as influencing an extradition case on behalf of China during Donald Trump’s presidency.

The judge didn’t set a date for Pras’ sentencing, but he’s currently out of jail until that happens. He recently made headlines for dropping a Lauryn Hill diss track after the Fugees canceled several tour dates. Be on the lookout for further updates on Pras Michel on HotNewHipHop.

Read More: Pras Says He “Trusts The Process” While Attempting To Overturn Federal Conviction

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Air Jordan 1 High OG “Black Toe Reimagined” Receives Retailer Photos

Retailer photos have been dropped for the highly anticipated Air Jordan 1 High OG “Black Toe Reimagined.” This upcoming release pays homage to the original while introducing modern design elements. The “Black Toe Reimagined” colorway features a blend of white, sail, and red tones, offering a contemporary twist that balances tradition with innovation. The packaging, which has also been revealed, includes a box showcasing a young Michael Jordan with sneakers draped around his neck and wrapping paper adorned with nostalgic photos.

Beyond its stylish design, the Air Jordan 1 High OG continues to lead in sneaker technology with the iconic Nike Air cushioning. Its high-top profile and durable construction have made it a go-to choice not just on the basketball court but in streetwear fashion as well. Excitement is building for the release of the “Black Toe Reimagined” colorway, with sneaker enthusiasts eagerly awaiting the opportunity to add this updated classic to their collections. The nostalgic feel adds another layer of appeal, making this release a must-have for collectors and fans alike.

Read More: Nike Air DT Max ’96 “White/Black” Gets Official Images

“Black Toe Reimagined” Air Jordan 1 High OG

Air Jordan 1 High OG
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The shoes feature a nice red rubber sole with a clean sail midsole, giving them an aged, worn look. The white leather upper is highlighted by black and red leather overlays, adding color to the design. A sleek leather Swoosh graces the sides, while a stark Air Jordan logo replaces the traditional Wings emblem above. Clean black tongues showcasing Nike Air branding complete the design.

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Sneaker News reports that the Air Jordan 1 High OG “Black Toe Reimagined” will be released on October 18th. The date marks the 40th anniversary of when the AJ1 was banned from the NBA due to uniform regulations. Also, the retail price of the sneakers will be $180 when they drop. Further, make sure to let us know what you think about these kicks in the comments below. Additionally, stay tuned to HNHH for the most recent updates and news from the sneaker community. We’ll make sure to offer you the newest products from the most notable brands.

Black Toe Reimagined
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Air Jordan 1 High OG
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DDG & Halle Bailey React To Halo Becoming A Hilarious Meme

At the end of last year, Halle Bailey and DDG welcomed their first child, a son named Halo. The baby arrived amid rampant pregnancy rumors, which both of them continuously denied. Since Halo’s birth, they’ve been providing fans with countless fun updates on their journey as parents. Recently, for example, one of them shared an adorable clip of him on what appears to be a train ride at the mall for kids.

He looked incredibly unsure of the situation, which social media users quickly took and ran with. It’s now a meme going viral on TikTok, as users add their own captions to the clip for hilarious results. “Me lookin at the [ninja emoji] who decided to sit by me when it’s 100 empty seats,” one of them reads. “Me looking at my bank account after a spending spree,” another says.

Read More: DDG Cops An Instrumental From Cash Cobain For “Copy My Drip”

DDG Wonders Who Is Behind Halo Meme

Of course, it didn’t take very long for Halo’s parents to catch on, and DDG didn’t waste any time before taking to Twitter/X to weigh in. “Who made my son into a meme,” he asked alongside a series of laughing emojis before posting one of them on his page. “My son more lit than me, i love it,” he added. As for Bailey, she simply shared one of them on X with a crying laughing emoji.

This isn’t the first time Halo’s made headlines as of late, however. Back in July, he got his first lineup at just six months old. Social media users were quick to call DDG out for allowing this, arguing that it could impact his hairline. He made it clear he was unfazed by the criticism, however, urging haters to “worry ’bout your own kids.” What do you think of Halle Bailey and DDG’s son Halo becoming a viral meme? What about his reaction? Share your thoughts in the comments section down below and keep an eye on HNHH for more updates.

Read More: DDG Claps Back After Halo’s Lineup Causes A Stir On Social Media

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Drake Spotted In Miami Despite Rick Ross Feud

A video of Drake going out for dinner in Miami is circulating on social media, as he’s been feuding with Rick Ross in recent months. DJ Akademiks posted the clip on Instagram while claiming that his haters said he couldn’t set foot in Ross’ hometown.

In the comments section of Akademiks’ post, fans had mixed responses with many suggesting the narrative is completely fabricated. “Literally nobody said Drake couldn’t go to Miami?” one user wrote. Another added similarly: “Nobody cares about where Aubrey goes. His career is suffering enough.” One more noted: “Y’all must didn’t hear what unk luke said? They be in SOUTH BEACH that’s not the real Miami.”

Read More: Rick Ross Reveals Why He Responded To Drake And Not The Game

Drake & Rick Ross Party In Miami Beach For New Year’s Eve

MIAMI BEACH, FL – DECEMBER 31: (L-R) Drake, Sean ‘Diddy’ Combs’ and Rick Ross attend Sean Diddy Combs Ciroc The New Years Eve Party at his home on December 31, 2013, in Miami Beach, Florida. (Photo by Johnny Nunez/WireImage)

Drake’s appearance in Miami comes after Ross spoke at length about his decision to feud with the Toronto rapper during an interview on Nightcap Summer Sessions. “I’mma be honest: On some rap sh–, it was no conspiracies,” he said. “Rozay name was said… I’mma jump off the porch. That’s what I do. I’mma jump off the porch and I’mma have some fun and that’s what I did. I had some fun.” When asked how he decides who he responds to and who he lets slide, Ross added: “Is it something to gain for you? Somebody wake up and hate on Shay Shay, hate on Ocho, I mean… Let’s sit back, because not responding is a response when you a boss.”

Paparazzi Spot Drake In Miami

Drake may not be done firing back against the crew of rappers against him, as he recently teased preparing for a “Game 2” on his Instagram Story. Check out the footage of him dining in Miami on Instagram below. Be on the lookout for further updates on Drake and Rick Ross on HotNewHipHop.

 
 
 
 
 
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Muni Long Shows Off Her Growth On New Album “Revenge”

Muni Long has come a long way since securing her first-ever Grammy for her 2022 hit, “Hrs and Hrs.” On Friday, the songstress unleashed her second album, Revenge. On the 14-track project, she delivers all of the honesty and emotion one would expect while putting both her growth as an artist and as a person on full display.

She chatted about the project with Billboard earlier this month and called it the “R&B album of the year,” setting the bar high and revealing what she thinks fans will love about it. “First of all, you have to be a bit deluded to do this [music],” she explained at the time. “But I have to believe that even before the album is finished. I had to know that’s what I wanted to do as I’m doing it because that energy and that frequency have to be infused into the music. That’s something a lot of music is missing on the energetic and confidence level — before anyone else validates you. You can tell that I didn’t just throw these tracks together. This project was well thought out and well-intentioned. People are going to appreciate that, and resonate with the music on a deeper level.”

What do you think of Muni Long’s new album, Revenge? Which of the tracks is your favorite? Does it live up to the hype? Share your thoughts in the comments section and keep an eye on HNHH for more updates. Check it out down below.

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Muni Long Drops Second Album

Revenge Tracklist:

1. Superpowers
2. Made For Me
3. Make Me Forget
4. 30s
5. Revenge
6. Reverse (Interlude)
7. Bessie
8. Played Yourself
9. Leave My Baby Tonight (Ft. GloRilla)
10. Things I Never Said
11. Type Questions
12. The Baddest
13. Waste No Time
14. Ruined Me

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