The implications of Kanye West’s recent behavior may be catching up to him.
According to a new report, the rapper has stopped construction on his Malibu home due to financial concerns. The news comes after Ye lost many brand collaborations and deals amid anti-Black and antisemitic rhetoric, including his billion-dollar Yeezy deal with Adidas. Forbes has reported that he’s no longer a billionaire due to the loss.
The implications of Kanye West’s recent behavior may be catching up to him.
According to a new report, the rapper has stopped construction on his Malibu home due to financial concerns. The news comes after Ye lost many brand collaborations and deals amid anti-Black and antisemitic rhetoric, including his billion-dollar Yeezy deal with Adidas. Forbes has reported that he’s no longer a billionaire due to the loss.
The hotel’s penthouses cost anywhere between $1,204 to $4,018 per night. The publication says he’s been “blowing his cash to keep up appearances,” but halting construction on the Malibu home was necessary.
“He’s having to sort his finances out so renovation work at his Malibu place is on hold at the moment,” the source continued. Kanye purchased the home in 2021, but gutted it soon after to being extensive rennovations.
The insider added that Kanye was also hoping to renovate the home he bought earlier this year, which is infamously next door to his ex-wife Kim Kardashian.
Radar Online reports that Kanye first checked into the Waldorf hotel on October 6th. If he’s been staying there the entire time, he’s likely racked up a bill of $170,00 in a little over a month.
It’s not only that Kanye has suffered a loss of income from his recent antics. He’s also had to make payments to ex-employees over allegations of mistreatment and racism.
Earlier this month, we reported that the rapper had to pay a former staffer an undisclosed amount after he allegedly made antisemitic comments and also praise Hitler and the Nazis in front of employees.
Other reports that Kanye has paid off former employees over his behavior have come forward.
Kanye has even been accused of firing an employee after they suggested playing Drake’s music in response to Ye asking for music recommendations. He’s also engaged in a lawsuit with his former manager, who says he was unjustly fired and is owed $4.5 million.
Despite the backlash against Kanye and his brands, Adidas has announced its plans to sell Yeezy products but without the designer’s involvement (since they own the patent).
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