Kanye West pays $73 million for Malibu home in off-market deal

Rapper, fashion designer and possible future US presidential candidate Kanye West has dropped a cool $US57.3 million ($73 million) on a mansion backing onto the beach in Malibu.

West bought the home, designed by Japanese architect Tadao Ando, in an off-market deal from vendor Wall Street financier Richard Sachs, entertainment website Dirt reports.

The house had been advertised for an incredible $US75 million last year before being removed from the market.

West, the estranged husband of reality TV star Kim Kardashian West, paid one of the highest prices for Malibu property in 2021. 

The sale has been eclipsed only by WhatsApp founder Jan Koum’s purchase of a $US87 million Malibu mansion in February.

West’s new home looks much like a square, concrete office building, with three storeys and a small garage underneath.

The home has four bedrooms and four-and-a-half bathrooms and includes a penthouse level and a rooftop terrace. It doesn’t have any backyard or much of a garden, but it does have stunning views of the ocean, especially from the top floor.

West married Kim Kardashian West in 2014; they have four children together – North, Saint, Chicago and Psalm.

The couple, who were known as Kimye, separated with Kardashian West filing for divorce earlier this year. 

Despite a tumultuous 2021, West released his latest album Donda late last month. The album was named in honour of his mother, who sadly passed away after plastic surgery in 2007. 

The album release followed his run during the 2020 US presidential election, where he garnered 60,000 votes with his platforms of restoring school prayer and opposing abortion and capital punishment.

West, who owns fashion label Yeezy, also owns many other properties across the US, including a ranch in Wyoming, a condo in Calabasas, and two condos in the same building in New York.

He also owns land on the outskirts of Calabasas, where he once attempted to build a village of dome-like homes and has purchased properties with Kim Kardashian West.