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Kanye West Officially Sells Malibu Mansion After Alleged Failed Bomb Shelter Conversion

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Kanye West has one less property headache to worry about, as he officially closed a deal on his Malibu mansion. For those unaware, this is the one that he reportedly reduced to its bare essentials with the hopes of turning it into a bomb shelter, an idea that he seemingly scrapped altogether. According to supposed real estate sources who reportedly spoke to TMZ, Ye made the sale for $21 million about three years after purchasing it for $57 million. He initially listed it for $53 million, then dropped the price by $14 million, and finally secured a deal with Belwood Investments after another price drop. Belwood is reportedly a California-based “real estate crowdfunding firm.”

Moreover, the company’s CEO Bo Belmont reportedly announced plans to spend $5 million in renovations to restore the vision of the home’s designer Tadao Ando. Of course, most fans don’t care much about a property sale: they just want to hear when Kanye West will musically redeem himself (a third, fourth, or fifth time) after the disappointing Ty Dolla $ign collab album VULTURES 2. Travis Scott and Ty himself recently fueled new album rumors online, so die-hards are a bit more ravenous for new Ye material than usual.

Read More: Kanye West Settles Battery Lawsuit Over Alleged Autograph Incident

Kanye West Performing In China

Kanye West Mansion Malibu Sold Closes Deal Bomb Shelter Hip Hop News
HAIKOU, CHINA – SEPTEMBER 15: American rapper Kanye West performs during his Vultures Listening Experience at Wuyuan River Stadium on September 15, 2024 in Haikou, Hainan Province of China. (Photo by Luo Yunfei/China News Service/VCG via Getty Images)

In fact, some alleged leaked texts surfaced online that seem to show Kanye West and producer Digital Nas sending songs to one another. In this exchange, the Chicago artist seemingly suggested that he feels more focused and “locked in” when it comes to his artistry. “I’m going into my full Ye art studio mode,” he allegedly texted to Digital Nas. Of course, it’s entirely possible that he said the same thing about his VULTURES series, so don’t take this as gospel.

Meanwhile, it seems like we already have a taste of a potential new lead single for whatever Kanye West does next, collaboratively or otherwise. “Preacher Man” got an official IG snippet as a tease to hold fans over after he debuted the song at his China listening party with Ty Dolla $ign. Understandably, many listeners are still quite skeptical. We’ll see if Ye’s next release makes the doubters eat their words…

Read More: Ty Dolla Sign Confirms Kanye West Collaboration “VULTURES 3” Is Still Coming And Will “Rip Heads Off”

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The post Kanye West Officially Sells Malibu Mansion After Alleged Failed Bomb Shelter Conversion appeared first on HotNewHipHop.

Rick Ross Eyes $75M Price Tag for The Promised Land Estate

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Rick Ross has spent the past few months upgrading his palatial Georgia estate, The Promised Land. “I’m about to spend $5million on porcelain floors on the entire Promise Land. 55,000 square feet,” Ross said in March. “I wanted to see what two slabs would look like side-by-side,” Rick Ross said. “Antolini, made in Italy. No, this is none of that other stuff. This is made in Italy. There won’t be no carpet nowhere. It’s only Antolini. Right here, you going to see them veins. I told them I want the veins to be running together, and then on that side, I’m going to make a lap. That bitch going to be like, ‘Antolini, Antolini, Antolini.’”

Before retiling the entire complex, Ross installed a unique table in his brunch area in December. “I just had my table delivered, been waiting on this a long time. This is my amazing brunch area, but guess what we did? I bought a motor from a 757 airliner. That’s right, an airplane! A 757 airliner. Had the blades polished, had the lights inserted. I can change the lights any color I want to. Had the table top – the top glass – cut. This is a Ricky Rozay customization.”

Ross Looks At $75M In Total Value

BONNER SPRINGS, KANSAS – APRIL 28: Rick Ross during the Kelce Jam at Azura Amphitheatre on April 28, 2023 in Bonner Springs, Kansas. (Photo by Barry Brecheisen/Getty Images)

“PROMISE LAND will be worth an estimated 75 MILLION when I’m done,” Ross proclaimed. However, it’s unclear what Ross’ end goal is. Is he simply putting his signature flair on the property? Or is he looking to move on from Georgia and find a new owner for The Promised Land? At the very least, that plan wouldn’t go into effect until July at the earliest. Ross is set to host the second edition of his car show in early June. That is if he’s able to overcome a legal challenge from his neighbors. His neighbors are currently attempting to block the festival, citing the disruption from last year’s event.

However, Ross will join a trend of celebrities flipping their mansions if he does sell. Earlier this month, Drake sold his Beverly Hills mansion for $88 million. Meanwhile, Rihanna just dropped $21 million to buy a “mansion in the sky” in Los Angeles. Meanwhile, earlier in the year, Kim Kardashian spent $48 million on a mansion in Malibu.

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