Kanye West’s downfall appears to be continuing, as his career has been put on hold due to his anti-Semitic outbursts.
Following the loss of his billionaire status, the “Donda” rapper, who has officially changed his name to Ye, has halted construction on his Malibu beach mansion.
According to Radar Online, he lost most of his major brand relationships, including his association with Adidas.
Kim Kardashian’s ex-husband paid $57 million for the oceanfront mansion last year. However, renovations are still ongoing, and the property, gutted shortly after purchase, is far from finished.
Renovations, however, are on hold while he works out his finances.
Meanwhile, he spends most of his remaining money in one of Beverly Hills’ most opulent hotels.
According to a source close to the singer, he has been staying at the Waldorf with his girlfriend, Juliana Nalu, for the past month.
According to the hotel’s website, penthouses cost between $1,200 and $4,000 per night.
Although he continues to spend money to maintain his lifestyle, a source claims that Kanye West’s current financial situation is so dire that he has temporarily halted construction on his dream mansion.
A source also told The Sun that his Malibu home and the home near his ex-wife require renovations.
Ye was also said to be looking for a change of scenery after spending months in Soho Warehouse Downtown, which is why he felt compelled to live in a five-star hotel.
Kanye’s bill had already surpassed $200,000 when he checked in on October 6.
Kanye West’s career came crashing down in the aftermath of his disturbing remarks, with the rapper claiming he had already lost $2 billion due to the fallout after Adidas, Balenciaga, Vogue, TJ Maxx, and other companies cut ties with him.
According to Forbes, the “Eazy” rapper earned up to $220 million per year from his Adidas Yeezy partnership.
According to the magazine, Kanye West’s net worth was once $1.5 billion, but it has now dropped to $400 million. Until recently, his best friend Jay-Z was the richest among them.