Kanye West's Malibu Mansion Foreclosed, Set for Auction

The $57 million home, which West gutted and sold for a loss, will be auctioned off this week in Pomona, California.

Mar. 17, 2026 at 10:38pm

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Kanye West's former $57 million Malibu mansion, which he bought in 2021, gutted, and then sold for over $20 million less than he paid, is now in foreclosure and set to be auctioned off this week in Pomona, California. The current owner, Bo Belmont, is reportedly behind on payments, and the home will be auctioned off behind a fountain in Civic Center Plaza.

Why it matters

This saga highlights the troubled history of West's time with the property, including legal battles with a handyman he hired to strip the home, as well as West's ever-changing vision for the property that went from a 'bomb shelter' to a 'monastery' to a 'recording studio' and finally a 'playground.' The foreclosure and auction also underscore the challenges of high-end real estate investments, even for celebrities like West.

The details

Kanye West bought the Malibu mansion in 2021 for $57 million with a vision of creating a minimalistic bunker. He hired handyman Tony Saxon to strip the home of all wiring and plumbing, remove two fire pits and a jacuzzi. Saxon recently won a six-figure judgment against West for medical expenses and lost wages related to the work. West and his now-wife testified at the trial, where several bizarre stories about West's plans for the property surfaced. The current owner, Bo Belmont, reportedly planned $8.5 million in renovations to sell the home for over $50 million but is now behind on payments, leading to the foreclosure and upcoming auction.

  • Kanye West bought the home in 2021.
  • West sold the home in 2024 for $21 million less than he paid.
  • The home will be auctioned off on March 19, 2026.

The players

Kanye West

The famous rapper and entrepreneur who bought the Malibu mansion in 2021, gutted it, and then sold it for a significant loss in 2024.

Tony Saxon

The handyman hired by West to strip the home, who recently won a six-figure judgment against West for medical expenses and lost wages related to the work.

Bo Belmont

The current owner of the Malibu mansion, who is reportedly behind on payments and led to the home being foreclosed and put up for auction.

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What they’re saying

“I am working tirelessly to find a win in this situation.”

— Bo Belmont, Current Owner

What’s next

The home will be auctioned off on March 19, 2026 behind the fountain in Civic Center Plaza in Pomona, California.

The takeaway

This case highlights the risks and challenges of high-end real estate investments, even for celebrities like Kanye West. The troubled history of West's time with the property, including legal battles and his ever-changing vision for the home, ultimately led to its foreclosure and upcoming auction, underscoring the volatility of the luxury real estate market.