Kanye West Lost $36 Million Selling His Controversial Malibu ‘Bat Cave’

Kanye West is experiencing a massive financial loss on the sale of his Malibu home. According to sources, the property has been sold to Belwood Investments for approximately $21 million, a sharp decline from its original price. This figure is $32 million less than what Kanye initially listed it for and even $4 million less than the almost $60 million he paid for it in 2021.

Kanye had ambitious plans for the property, which he aimed to transform into his own personal “bat cave.” These extensive modifications included removing city water and power connections and replacing conventional stairs with slides. His vision leaned towards creating what he described as a “bomb shelter from the 1910s” with no doors, windows, or fixtures—just concrete.

The radical renovations led to a lawsuit from the property’s former manager, who claimed that the changes resulted in unsafe work conditions. Allegedly, the property was intended to be a place where Kanye could hide from figures like the Clintons and the Kardashians. After gutting the house, Kanye left it in a state of disrepair, further contributing to its significant drop in value.

Earlier this year, Kanye attempted to sell the home for $53 million, but the half-completed renovation work made it worth much less. He then reduced the asking price to $39 million, but even at that price, it struggled to attract buyers.