After tearing down the Malibu mansion, #KanyeWest has finally sold it, but he's losing a lot of money in the process.

After tearing down the Malibu mansion, #KanyeWest has finally sold it, but he's losing a lot of money in the process. Just three years ago, in 2021, he paid $57.3 million for the house, invested heavily to completely renovate it, then gave up on the project and put it up for sale for $53 million towards the end of last year. Later, when no one was biting, he cut the price.
The property was bought earlier this month for $21 million by Belwood Investments, a California-based "real estate crowdfunding firm,". This represents a roughly $40 million loss.