The building of Ye’s Malibu beach mansion has come to a halt since there is not enough money available.
People say that Ye, who used to be known as Kanye West, had to stop working on his luxurious, ultra-modern beach house when he lost his deals with GAP and Adidas a month ago.
Ye, who is 45 years old, witnessed his personal fortune plummet in a single day from slightly more than $1 billion to less than $400 million.
According to Radar Online, the ex-billionaire paid $57 million for the mansion with four bedrooms and 4.5 bathrooms in September 2021. He had fully gutted the property and was in the midst of remodelling it from top to bottom.
A reliable source claims that Ye is “roughing it” by living out of a suitcase in a hotel room while the construction on his property continues.
“Ye has spent much of the last month living at the Waldorf [hotel] with Juliana [Nalu], his new model girlfriend,” the insider claimed. “Ye has been working there as well.”
Since relocating into the Astoria penthouse at the beginning of October, Ye is said to have allegedly spent over $170,000 on hotel bills. This information is according to Radar.
According to the insider, “his residence next to Kim [Kardashianalso ]’s requires refurbishing, and he wanted a change of scenery after months at Soho Warehouse Downtown.”
Due to the fact that he has to organise his finances, the remodelling project at his Malibu home has been put on hold for the time being.
According to information provided by AllHipHop.com, the rapper’s projected net worth in the beginning of 2022 was $6.6 billion. Ye’s net worth dropped to $500 million by the end of October after he said anti-Semitic and offensive things about the death of George Floyd, which caused him to lose $6.1 billion in business.
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