Famous Rapper Kanye West is making the news with his latest purchase – the $57 million Malibu property designed by architect Tadao Ando.
According to reports, Kanye has been a fan of Tadao Ando ever since he visited Naoshima, the ‘art island’ built by Ando. He had often talked about the place and a desire to live in it. While the Japanese property was not up for residents, Kanye went with the best alternative. The 4000-square-foot house in Malibu, designed by Ando, was purchased by the rapper for $57.3 million. It was one of the few properties designed by the Pritzker Prize-winning architect in the United States. Despite its impressive price, the property would not put a dent in the purse of Kanye, who is estimated to be worth $1.8 billion (according to Forbes). The music icon is also tasting continuous success with his latest release ‘Donda’ and his Yeezy apparel brand.
The Malibu-based property was first listed for sale last year for a whopping $75 million. Seeing no buyers, it was later taken off from the listing. However, even at its current price, it is the second-priciest property sold in Malibu this year. The top spot belongs to the $87 million property bought by Whatsapp founder Jan Koum in February this year.
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While originally designed by Tadao Ando, the property was sold by Wall Street financier Richard Sachs. Sachs bought the property in 2003 for just $1.9 million and has since then invested considerably in it. Over a period of seven years, Sachs poured millions into it and converted the compact property into what resembles a military bunker.
