Kanye West's Financial Woes Lead to $53 Million Listing of Gutted Malibu Mansion

Kanye West is selling his Tadao Ando-designed Malibu home for $53 million, after purchasing it for $57.25 million. Financial difficulties and the challenges of renovating the property are cited as reasons for the sale. The house remains incomplete and in need of significant repairs, with estimates suggesting it will cost several million dollars to finish. West has faced legal issues with a contractor who alleged grueling work conditions. This comes after West faced backlash and lost partnerships due to controversial remarks. Despite a drop in Malibu's median home sale price, the real estate market in the area is said to be holding up better than in other parts of Los Angeles.