Steven ‘Bo’ Belmont purchased the wrecked Tadao Ando-designed home for just $21 million, and raised millions more to fund its restoration. Can he make it a ‘piece of art’ once again?

Malibu Road, bought at a 60 percent discount from its January listing price, represents Belwood’s largest single-family residential project to date. It’s also the buzziest by virtue of the home’s former owner and the treatment of the property by West, who now calls himself Ye. (See accompanying photo slideshow from a walk-through of the property.)

American rapper Kanye West has landed in legal trouble after a security personnel who used to work at his former Malibu Mansion, filed a lawsuit against Ye. The security guard has filed a lawsuit because of unpaid wages.

Bo Belmont, CEO of California-based real estate crowdfunding firm Belwood Investments, has been revealed as the new owner of West’s gutted Malibu manse, which was built by Pritzker Prize-winning architect Ando for art collector and financier Richard Sachs in 2013.

The CEO called some of Kanye West’s decisions to gut the home “dumb,” but says it will be restored to what it was.

The post Kanye West's $39 Million Gutted Malibu Mansion Is the Week's Most Popular Home appeared first on Real Estate News & Insights | realtor.com®.

Kanye West's ill-fated foray into high-end Malibu, Calif., real estate has left jaws dropping and wallets significantly lighter.

According to TMZ, Kanye told Monroe that he would pay him $30 an hour to guard his multi-million dollar home. The security guard has claimed to have worked 36-50 hours a week but

Kanye bought the home in 2021 for $57 million and sold it this August for $36 million after giving up on some controversial renovations.

Kanye West is being sued by a former security guard, who claims that he was fired by the rapper for asking to be paid for his work