Investor who bought former Kanye West home in Malibu threatened with foreclosure

Investor who bought former Kanye West home in Malibu threatened with foreclosureListen(10 min)Listen(10 min)The Malibu beach house that rapper Kanye West famously gutted—then abandoned—is being turned into a unique members-only investment opportunity after the latest owner was threatened with foreclosure, having defaulted on his $18.5 million mortgage.West’s former home, which he sold as a bare-bones shell, is currently owned by developer Steven “Bo” Belmont, CEO of “real estate crowdfunding firm” Belwood Investments, who purchased the property for $21 million in September 2024 and vowed to restore it to its original glory.Copyright © 2025 MarketWatch, Inc. All rights reserved.