Kanye West reportedly buys a $78.8 million Malibu house amid divorce

Billionaire rapper Ye, formerly Kanye West, has reportedly dropped nearly $79 million on a box-like Malibu house, as he navigates his divorce from Kim Kardashian.

Billionaire rapper Kanye West has reportedly dropped nearly $79 million (US$57.25m) on a box-like Malibu house as he navigates his divorce from Kim Kardashian.

And although the 340 sqm concrete-heavy house is designed by award-winning star architect Tadao Ando, it wasn’t impressing the social media masses when Dirt broke the news Monday.

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“Kanye living in a parking garage,” one wrote on Zillow Gone Wild’s Instagram page.

Ye’s found himself a new base. Picture: Google Maps/Getty

“He loves the abandoned clinic look,” wrote another commenter, while a third added, “Looks like a high-end bunker for a cult leader.”

The Post was not able to independently confirm reports that the rapper is the buyer, and representatives for West did not return our requests for comment.

However, Shore Drive Holdings — which is registered to the same address as Kanye’s clothing line Yeezy — is the recorded buyer.

What a view. Picture: Realtor

Other companies are also registered to the same suite in the Regus co-working building.

The property was rumoured to be worth a whopping $104 million (US$75m) originally, and despite the discount, is still a record-breaking sale.

During the pandemic, the most expensive recorded sale on that stretch was $11.7 million, which took place this July.

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The three-storey house on Puerco Beach was built on the beachfront in 2013. It has a large, glass pivot door facing the beach, a garage, four bedrooms and five bathrooms, city records show.

The new house from above. Picture: Google Maps

The home was previously owned by Ashley Olsen’s one-time boyfriend Richard Sachs. Before him, the property was owned by voice actor Edie Boddicker and her husband, composer Michael Boddicker, records show.

West, whose net worth is estimated at $1.8 billion, also owns a Wyoming ranch and his childhood Chicago home. Pre-break-up, he and Kardashian owned a compound in LA in the Hidden Hills neighbourhood. She will reportedly get it in the divorce.

West and Kardashian have four children — North, 8, Saint, 5, Chicago, 3, and Psalm, 2. They filed for divorce in February.

Kim Kardashian and Kanye West on Keeping Up With The Kardashians. Picture: Supplied

Since then, West filed paperwork to legally change his name to Ye. He also briefly dated Irina Shayk while co-parenting with Kardashian and recording his latest album, “Donda,” during which time he stayed in a bedroom inside Atlanta’s Mercedes-Benz Stadium.

Late last month, West and Kardashian were rumoured to be “working on rebuilding” their relationship, Page Six reported.

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This article first appeared in The Post and was republished with permission.