It has been revealed that Kanye West's financial instability influenced the decision to sell his luxurious Malibu beachfront mansion at a loss.
The renowned rapper, who has ventured into the world of fashion as the creator of Yeezy, entrusted the task of listing his stunning property, designed by Tadao Ando, to Jason Oppenheim, a star from the hit show "Selling Sunset."
According to the Wall Street Journal, Oppenheim has estimated that completing the house will require a substantial investment of several million dollars.
This significant financial commitment comes from the "Donda" rapper undertaking a comprehensive renovation shortly after acquiring the property in 2021.
No Money
A report published by the New York Post revealed that insider close to Kim Kardashian's ex-husband revealed that a lack of cash flow prompted the decision to sell. The source mentioned that the renovations were more challenging than initially anticipated.
At the heart of a lawsuit with a value exceeding seven figures lies a piece of beachfront property.
More Legal Issues Issues
This legal battle centers around allegations made by Tony Saxon, a former project manager under Kanye's employment in 2021.
In light of Saxton's claims, it has been brought to attention that he endured substandard living conditions, with his concerns about safety hazards being dismissed.
Ultimately, Saxton's refusal to comply with a specific request about the house led to his termination.
As Saxton seeks damages surpassing $1 million, it is worth considering the potential implications on Kanye's West's already reported financial challenges during this ongoing legal ordeal.
READ ALSO: Fading Faith: Kanye West's Million-Dollar Church in Decay, Boarded Windows, and Abandoned Halls
In response to the allegations made by the ex-staffer, Kanye vehemently denies their claims. His filing states that he denies every allegation and cause of action outlined in the complaint.
Contrary to the allegations made in the complaint, the rapper's attorney firmly refutes any claims of injury, damage, or loss experienced by Saxton due to the defendant's actions or lack thereof. Furthermore, they assert that the relief sought by the plaintiff is unwarranted and should not be granted.
In need of some renovation, Kanye's residence poses a thrilling opportunity for its future owner.
The absence of doors, windows, plumbing, architectural finishes, and an HVAC system may seem daunting initially, but the possibilities are endless.
Despite lacking these essential components, Oppenheimer assures that the house's architectural integrity and value remain intact.
With breathtaking ocean views from each room and an expansive 1,500 square feet of deck space, this property holds immense potential.
READ MORE: Yeezy Expansion: Kanye West's Ambitious Comeback Involves Nearly 200 Trademarks
