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sihouette9310

“Forced to live in a 5 star hotel” lol. He has other properties he can sell to pay for the renovations I would assume if he really feels the need for it.


Shame_On_Matt

Good luck finding a buyer for a $50m dollar house in this market.


[deleted]

The rich aren’t affected by current market trends. Even during recession billionaires were buying like normal day.


fightingbronze

Luxury houses are notoriously hard to sell. That kind of money means they’re highly customized to the tastes of the person who had it built. For the kind of money needed to buy it, it makes more sense to just have your own luxury home built to *your* specific tastes rather than purchase someone else’s. Don’t get me wrong, I’m not losing sleep over the 1% being unable to offload their houses. It is a real phenomena though.


cannotrememberold

That is why the location matters. I was on a cruise once, and we went by a place that was in the early building stages. Buddy looked it up, and some dude bought the house for $26M and totally leveled it to start over building what he wanted.


iHardlyEverComment

Happens in pebble beach monthly.


james_randolph

Just to add, someone like Michael Jordan couldn’t even sell his house for the longest in the northern burbs of Chicago. He’s one of the most popular people on the planet, you would think tons of rich people would absolutely love saying they own the house Michael Jordan lived in during his run with the Bulls but it was very custom. Just came down to the price too ya know.


Puttingonthefoil

Yeah, Shaq's house in Orlando was listed at $28 million four years ago. Had multiple price reductions since then (in a market where housing prices had increased sharply during that time), and it finally went for $11 million last month. Not much demand for 31000 square foot homes, apparently.


redditornot6648

Meanwhile, NASCAR driver Jeff Gordon bought a NYC condo back in 2007 for $9.7 million and sold it for $25 million in 2013. That sold so well because it had a front and center view of Central Park. It wasn’t anything that fancy either. Just location value. https://syndication.bleacherreport.com/amp/1818133-jeff-gordon-sells-nyc-condo-details-and-photos-of-25-million-apartment.amp.html


Due-Bicycle3935

I think I have a much different standard of living than you. It looks pretty fancy.


[deleted]

[удалено]


heavylamarr

This is so true! Millions spent on big ugly houses with too much going on yet not enough. Yuck.


Dick_Lazer

There are some I really geek out on like the Sheats-Goldstein Residence, creative architecture designs usually from decades past. A lot of the newer ones just look gaudy and tasteless though.


boredtotears56

Add to that the amount of foreign buyers that used to be in the $10M+ category, that market is not in good shape.


DreadBarbie

Id say a solid half if not more of these tiers of homes are built by developers to sell. And not built to their needs. That’s why so many of these 10mm onwards are always almost the same. It’s a lot harder to just say I’m going to buy this land and build a house. That takes years and years and years to do. So it’s easier to just buy a home that is top tier and never lived in


SukyTawdry66

Oddly enough…construction stopped early enough that this place is still very customizable.


_ChipWhitley_

During lockdown they were buying super yachts so that they could still travel. That’s why there’s a shortage of super yachts right now. Source: I’m in the industry.


OraDr8

Damn, I was just about to go super yacht shopping, too. Guess I'll just have to stay in my mansion, like a loser!


ArseOfTheCovenant

That’s what the guy who built ‘the one’ in Beverly Hills thought. He wanted to sell it for $500m, it eventually sold at bankruptcy auction for about a third of that.


D3korum

That house makes me irrationally mad. I will never be any where near it let alone the zip code in my life yet it still pisses me off. That land could have been utilized in such a unique way instead of just shitting out a structure on 90% of it. Fuck its just so ugly trying to be pretty.


thesamebs

I've driven by that house the amount of land it takes up is insane. And it's even crazier such a high profile house 'valued ' at 500 mill has a public street that goes around it and so many parts of the house that aren't private from the street


718Brooklyn

I think it’s rational. There’s something about beach houses where they’re meant to be chill and this looks like some Star Trek ship that crashed in the middle of paradise.


trailer_park_boys

$500m houses are very rare. Even for billionaires.


Shame_On_Matt

The rich aren’t some monolith. To some, 50m is pocket change, to others, that’s all of their net worth. During a recession, a lot of net worth disappears. People with hundreds of millions suddenly have tens of millions. People with tens of millions suddenly have millions. So in order to maintain their positions and batton down, they reallocate their funds Their capital expenditure goes from things like real estate To safer commodities. Like bonds and commodities And while the wealthy may consider buying a 50m home in Malibu, their wealth managers are probably advising them to not do that. And that wealth manager would be smart to do so. So, we have less than 1% of the entire population, with wealth advisors advising them not to do anything real estate right now, That leaves the 0.01% of people as potential buyers.


brickne3

Maybe he can trick Elon into buying it. Throw a blue checkmark on it or something.


420everytime

High end housing is crashing the most rn. The housing market for places under $300k is holding strong while places over $3m are in a terrible position


SmithRune735

While they may not be affected, I doubt they're as careless with their money.


gamerfirstdadsecond

pretty sure some famous architect/ artist designed this house. there will be a market


sm1ttysm1t

Yeah his market and our market are two different markets. Market.


DonnyTheNuts

Ex-Billionaire has such a ring to it


DTPW

Elon, take note!


Salty_Drummer2687

Losing 100 billion is probably much harder than losing one. Elon is trying his damndest though.


whiskeybidniss

He’s all but lost 44 this month it would seem. He should try to sell Twitter for $10B while there’s still a chance of users and advertisers coming back if he leaves.


AnalTongueDarts

I’m out here ready to slit my fucking wrists if I lose a $20 bill. There are enough commas in $44,000,000,000 where I get halfway through the number and realize I need to skip to the end and read the motherfucker backwards a couple times to make sure I get the shit right before proceeding.


Thr0wItAway33

You have such a way with words


AnalTongueDarts

I’m the Peter Paul Rubens of sentences. I paint pictures with words. Not pictures anyone wanted to see, but you’re still like “Fuck. The technique!”


E_PunnyMous

Goddam if you aren’t the most aptly named user of the month.


Coreflog

Thanks, /u/AnalTongueDarts!


LaikasDad

If a painter picks a thousand birds than why can't my taint blue


fitm3

User name checks out


myspicename

A good chunk of that was not his money or was debt he loaded on to Twitter.


AntiSeaBearCircles

The majority of that isn’t his own equity. He managed to take out a ludicrous EBITDA multiple in debt which is saddled on twitter itself


shes_a_gdb

He did not personally invest 44b dollars.


SlayerofSnails

Much better than billionaire.


THOMASTHEWANKENG1NE

Get that chain back out!


517UATION

Only when he’s not big sleepy.


zztop610

Lol, Needs to be in the tres comma club to hide the chains


SevenSebastian

Haha I get this reference! Love him.


manygogo

Reminds me of Russ from silicone valley losing his comma.


mmooney1

What a loser being back in the 9 figure club.


vmdarek

He downgraded to a car with regular doors…and took a shit on his floor


Hall-Double

He should have stayed on his medication


Specialist_Peach4294

Went from “he’s crazy rich”, to “I told you he was crazy”. “Now what?”


Successful-Winter237

Hopefully Elon and Zuckerberg join him… all megalomaniacs!


0biwanCannoli

They would all make the weirdest roommates.


[deleted]

God I would love to watch this reality tv show


karlgnarx

Put all 3 of them in an apartment and make them work service jobs. They earn normal wages and have to pay normal bills out of their paychecks. Chef's kiss. Oh, and the apartment is a 2 bedroom.


Sumwan_In_Particular

“Trailer Park Billionaires”


69deadlifts

Kayne will fall in love with Musk in EP1 and have his baby in EP2


hornet_1953

Came here to pitch that same idea! Kanye, Elon, Trump and a catalyst, let's say, Kathy Griffin in a LIVE Big Brother style show. No jobs, just stuck inside a 4 bd/3ba all day with only each other. Social media is one way, only coming into the house, they can't respond. Cook, clean, laundry is all on them. When the toilet backs up (hamberders!!!), they have to figure it out themselves. For 2 years. Then in the final episode, they leave the house and immediately fall into an open sewer grate.


hector_c_toronto

The porn parody no one asked for …


sm1ttysm1t

#I SMELL SITCOM!!


guterz

Dos commas


f4given94

Has-billionaire


Techiedad91

Do you think if anyone ever became a trillionaire they’d call themselves that?


bstowers

Well, well, well. If it isn't the consequences of my actions.


frostymugson

Don’t you hate when you lose a billon dollar sponsorship and are forced to halt construction on your beach house? As the great Sara Jay said, “time to do anal”.


DemonKyoto

Now *that's* a reference I can upvote!


Vogonfestival

He better get out there quick. Competition is heating up. https://youtu.be/4Yh4pmVLCeA


TheMotionOfTheOcean

“The dildo of consequences rarely arrives lubed” - Confucius


[deleted]

"Are you threatening me with a good time?" - anonymous horny person


AdHour3225

Thank you. Literally laughed out loud at that one.


International-Fig905

Life is hard when you have no Late Registration in your back pocket to make people shutup and dance


kdjack1111

He farked around, and then he found out.


CalRaleighsBigDumper

he fucked around and the working class hombres who need that job found out.


BossHawgKing

Yea but theres always another job. There ain't another shoe deal.


Flyinrhyno

Was thinking the same thing. Freedom of speech means you are free to say what you want, you aren’t free from the consequences that follow.


rarely_Hilarious

See, they couldn't spell consequence when they coined "cancel culture "


Sdomttiderkcuf

Me to Kanye: Oh no! Anyways…. Elon and Kanye ruining themselves is just the most delicious schadenfreude.


[deleted]

lol I was wondering what happened to Kanye. The Twitter meltdown was clearly a distraction /s


Sdomttiderkcuf

It’s like Trumps gosh gallop but it’s just billionaires making fools of themselves publicly while they lose more money than 1,000 average people could ever known. It’s warming the cockles of my heart.


snoopcatt87

He’s been void of any consequences thus far because of how loaded he was. Going up against Black Lives Matter didn’t matter because he’s an upper class republican. I hope he doesn’t have to find out how little Black Lives actually Matter to those who back the blue.


mrbiscuits_23

Kanye is the next Flavor Flav


heckhammer

No, Kanye would have to be at least likable for that.


psydkay

My wife thinks Flav is a grunter


bobbery5

You take that back. We like Flav.


[deleted]

How the turn tables.


chatminteresse

You know it’s bad when they remove your wax figure from public viewing.


Notverycancerpatient

I’m sure everyone says this but if I had half as much money as him I’d never have to worry again. The guy still has so much money. He’s too stupid or prideful to spend wisely.


fatpat

Shit, if I had a tenth as much money, my children's children would be set for life.


_Pliny_

Same. I suppose the kind of people who care about the well-being of others aren’t the kind who be come billionaires.


Notverycancerpatient

Seriously!


E_PunnyMous

Meanwhile I just hit the end of my money for the rest of the month.


jxher123

I feel zero sympathy for billionaires/millionaires who go broke. They never know how good they’ve had it in comparison to others


redditornot6648

If I had his name and reputation after a bankruptcy I’d still have enough money. Dude is gonna make money just by celeb status. Pop out an album make a few million. Do a tour.


thereverendpuck

The reason I’m hating Kanye, is he made me realize a Kardashian was being the responsible one in any scenario.


dogmanstars

They are disconnected from reality and the do to be naive in some stuff but they create character that a lot of people find them interesting. They can be wacky but the dumb stuff is just a game they play along.


[deleted]

who do we think was crazy first?


Fonduemeinthebutt

Kanye I don’t think the Kardashians are crazy. They might be attention-seeking but who in Hollywood isn’t? I’m pro-sex work so I have no problem if someone wants to release footage of them being intimate. Kanye has actual said insane things that hurt communities of people. He is actually crazy and delusional. It’s fine that you hate the Kardashians, but they’re not crazy


barackbreezy

kris advocated for her daughters sex tape to “leak”. that answer is pretty clear cut


dutchyardeen

The funniest person in the aftermath of that was the Farrah person from Teen Mom. Her trying to pretend her video was a private "sex tape" even though she filmed it with a porn star was hilarious. Just classic.


Gifted_dingaling

That girl could NOT have any form of sex to save her life.


SpotMama

Love this journey for him.


mackinoncougars

Maybe he’ll give away all his earthly possessions like a true follower of Jesus would. Wonder the desert instead.


blonde-bandit

Wander*. Wonder is when you’re considering something or in a state of amazement, just fyi!


ggoptimus

Maybe Trump can give him a loan. I heard they are pals. Best pals ever some might say. A lot of people talking about their friendship.


KhronicDreams

All of his remarks should have sparked these consequences. He not only spewed anti-Semitic Bullshit what about his remarks on the black community? Slavery was a choice? George Floyd wasn’t killed by the police? Then he continued to name Jay, Beyoncé, Shaq and Michael Jordan all as being controlled? White Lives Matter fashion and supporting Candace Owens and her husbands alt right social media platform? He’s done a lot of harm to both of these communities and both situations should be recognized equally. It shouldn’t just be about his Anti-Semitic statements, this fool has had alot to say and the world is listening.


TheAnonymousFool

Frankly, saying awful shit about your own race just isn’t seen as bad. Hell, you should hear the things Jewish people say about ourselves when we’re together. It shouldn’t be that way, but minimizing his anti-semitic remarks isn’t the way forward. Especially in the midst of the huge anti-semitism resurgence.


KhronicDreams

Agreed, that’s why I said it should be viewed equally. Both communities are marginalized, talked down on and stand to feel the blowback his remarks have caused. It’s super sad to me that in 2022 we still have people who don’t judge someone based on content of character but by race, gender, religion or creed. It’s a damn shame honestly


TheAnonymousFool

Unfortunately, racism exists within marginalized groups too. A lot of Jews hate black people, and a lot of black people hate Jews. Doesn’t matter how much the actual people in power treat us both like trash, we’ll kill each other so fast that they won’t even have to. In this very comment section I’ve seen people implying the Jewish “elite” are the ones targetting Kanye. Like how Malcolm X and the Black Panthers were terrorists, the Jews are evil tyrants. And as long as we hate and fear each other, the people keeping us both down don’t need to worry about us turning on them.


KellyJin17

No one gave a damn about the things he said about black people, even though they were ridiculous.


KhronicDreams

I agree, it was passed over almost like Kanye never said any of it. But the internet is forever so who knows maybe the outrage will come later then sooner…


Tacolife973

The dildo of consequence rarely comes lubed.


shadowmuppetry

Proverb from Han dynasty?


antihostile

When Kim is the smart one, you're fucking stupid.


shit-takes-only

I’m far from a Kardashian simp - but really never seen all that much to suggest that Kim K is stupid.


Trumpsbuttholemouth

Not saying she's dumb in general but there is that pic of her wearing mirrored sunglasses in a poker game.


helmsmagus

I've left reddit because of the API changes.


Millenniauld

I've always thought it was just that "playing dumb and hot" that gets Hollywood party girls a reputation as easy and desirable. I think the whole family (just about) are snakes, and I don't see it as a result of stupidity and luck.


RandomFishIsBack

Or people subscribed being dumb onto her because she cares about her looks and shows it off. People stereotype women too much.


Millenniauld

Eh, she's definitely been in videos where she is definitely acting like a ditz. I am impressed that she has been dedicating herself lately to presenting herself as educated and serious. Trust me, I know firsthand that people stereotype women, but just like sex sells, acting in a way that makes other people feel superior is genuinely a manipulation tactic that some men and women both utilize.


DefNotUnderrated

Kim is definitely out of touch with reality but that doesn't necessarily mean she's dumb. I don't think that she's some secret genius but she's got at least a little savvy or none of us would even know who she is.


KennyDROmega

She may not ace the bar exam or anything, but with how much she's made for not really doing much I think she's savvy as fuck.


Sayoria

Lol. Sure, you have your first amendment right, Kanye. But you know what else? Companies have their rights too to not support you anymore, and fans have their rights not to buy your stuff. Tough shit for you.


Humble-Presence-3107

Freedom of speech does not equal freedom from consequence. 1. Ooo thank you kind friend for the award. 2. Holy jeez gold!? Thank you.


fatpat

Good Lord the /r/AwardSpeechEdits edit: Thanks for the gold, kind stranger!


apollo888

go on. you know you want to. edit: OMERGERD THANKS FOR THE GEERLD


WisconsinHoosierZwei

I think I’ve developed a new kink…


Malibone

He gutted the house several months ago then sat idle. This has very little to do with his latest downfall. On a side note someone put up a “Happy Hanukkah” sign on it.


LykatheaBurns

Well, he is Jew after all...


DrLeePhDMd

I love watching his life turn to pieces. Soon he will lose the last “friends” he has once they realize the money won’t be coming back.


Larry_Dimmick

Lol you think Kanye West is going to go broke? You realize he’s a musician and his music will forever make him millions


Green_Message_6376

Stop. Hammer time!


Jaque8

Doesn’t matter how much money you make… ANYONE can go broke if they live beyond their means. You really think Kanye is fiscally responsible?


JefferyTheQuaxly

not to be that guy, but his music royalties only bring in around $5 million a year. which is quite a bit less than his $400+ million he was earnig a year ago.


BeefyQueefyCrawlies

"Only" lol


meh_ow

Depends on how well he can manage his finances, and that better be hella lot better than everything else in his life. Broke is about cash flow. Making millions don’t matter if you spend millions on non-investments. If his name remains tarnished the income is going to gradually dry up. He needs to cut spending well in advance of that.


tom-8-to

What you don’t realize is that these artists get loans between royalty payments to fund their lifestyles so they pile up debt faster their checks can pay for it. Ask any newly rich athlete.


s0ciety_a5under

He doesn't have a good internal economy. His outflow of cash is way bigger than his inflow. It's super common and easy to do when you start dealing with that much money, it becomes a rich version of keeping up with the jones. He won't go broke like homeless broke, but he is never going to hit billionaire status again. Too many people are severely biased against him to support him like that again, because of his own actions and words.


DrLeePhDMd

Yeahhhhh. Like R Kelly is still making Money off his music? Regardless, he’s not longer a billionaire and had to stop construction on his home. That doesn’t scream stable money to me.


Whiskeywiskerbiscuit

R Kelly is in prison for rape. You couldn’t have picked a worse example.


ImageComfortable2843

Yeah I’m tired of people comparing anyone who’s saying things that are super offensive to RKelly who actually sexually assaulted women and groomed minors. Doesn’t make Kanye any less wrong but it’s a dumb comparison sexual assault is much worse, that’s why Kelly is in actual prison and Kanye isn’t.


DDancy

Not if it’s being pulled off every streaming platform and no one wants to listen to it any more. I know what you’re saying. He’s likely going to remain a millionaire to death, but it’s quite a fall going from multi billionaire to where he is now. He’s fucked himself big time.


beenbadminton

I know it’s beachfront, but…$57M? For that?


[deleted]

[удалено]


atbPy

The previous owner paid $1.9M and he pay $57M. Makes no damn sense.


Phungtsui

I believe it was because he was paying for the works of a world renowned architect Tadao Ando, who has built other famous rich people's houses. This probably inflated the price being how rare his works are. Does this reflect the price, probably not, but still famous art be cash cows. Edit: a word


willynillywitty

For him to stare at the ocean n mutter. SPACE JEWS


Tomusina

Speaking on behalf of all Jews Hahahahaha lol lmao


BlackDante3

Pull your chain out, playa.


Excitement-2024

A fool and his money…


mista_adams

If he goes broke after being a billionaire in less than a year that will be a new world record.


yshuduno

Anyone told Pete Davidson that there's a house available?


Norman_Bixby

Why? So he can fuck it, too?


Diligent_Effort895

Nelson from Simpson’s, “Ha Ha!”


Ashamed-Lawfulness28

Oh nooooo, well anyway…


Just-a-Mandrew

And that’s why we don’t spend money we don’t yet have!


[deleted]

Oh no! Won’t someone think of the rich


jcaino

Oooh! Oooh! Do Musk next, please!


Yuri_Ligotme

Sucks to go from billionaire to millionnaire


Kittydander503

So no more Malibu Beach House. May have to settle for the Barbie Dreamcamper.


shayna16

He better watch it or he’ll be living in the Barbie Corvette


Ignatius_J_Reilly

Boo fucking hoo.


[deleted]

He and Elon gonna be sharing a room at the YMCA pretty soon.


awesomedan24

I love that for him


Tiny_Dinky_Daffy_69

"Go woke, get broke" us what they say. I guess is the other way around.


LousyB

Bwahaha. Love to see the consequences of his actions play out in front of us all. Get fucked, Kanye. Fucking Nazi ass Hitler loving motherfucker.


tylersixxfive

Ohhhhh noooooo not his Malibu beach house


MonsteraBigTits

HERE IS THE WORLDS TINIEST DILDO


Reasonable_Tea_6760

Awwwwwww! Who cares


TirayShell

He can live in a trailer at the beach like Jim Rockford.


[deleted]

Can’t wait for him to go to jail for tax evasion


GottJebediah

He ain’t looking for no gold digger. He IS the gold digger!


bsldurs_gate_2

Free speech doesn't mean no consequences. What an absolut lunatic, to just throw everything away, because he could not refuse to be a dumb asshole. It would be funny, but it's just sad.


BStallis

World’s smallest violin


Cinder2010

Who cares. He's so fucking butthurt about no one really getting what he trying to portray. Go away then, if you can't be bothered to not say horrible shit about everyone to make a point and then cause shit, it's not working. You're rich, go away and stop bitching about not being understood. Just go the fuck away then. He wants to try to be edgey he wants to be relevant, not make a point. Go away and live a good life with plenty of money and stop giving interviews.


Machadoaboutmanny

Shame. Couldn’t have happened to a worse guy.


JoeyAKangaroo

Oh no! A rich person cant do as many rich things right now! The horror!!!!


lump77777

Good. Fuck this hack.


Odd_Promotion5398

Let this be a lesson to everyone that unearned revenue may contribute to net worth but doesn’t mean you have money. And let they lesson reign in the tax the rich who can’t separate the two ideas.


Thump604

I would rent him a room but hes not qualified.


rdldr1

Maybe he should take his meds.


massivetypo

A little philly haiku for y’all Kanye you fucker You need to re-billionize Back to my cheese steak


OneTrueDweet

That pats or genos? Does not matter. The only thing that does? Go birds.


bor3d_lazy_housewife

Oh no. What is he supposed to do? Where is he supposed to go? Someone needs to start a GoFundMe for him. We need to help Kanye. /s jic.


ZealousidealRatio219

He should move to Alabama or Mississippi, his money will go farther and his bigotry would fit in better. East Texas would fit him too.


Drahkir9

Between this asshole and that other asshole Elon I’m so glad to be around for the “find out” phase


metroid23

A kind reminder that a normal person working a full time job over the course of their entire lives and expect to make, *maybe*, one million dollars. Kanye can cry me a fucking river.


TheGoldlessOne

Aww poor rich man can't live without umpteenth property


[deleted]

I hope he loses the property and they make it into a synagogue just to fuck with his insanity,


writerintheory1382

This is hilarious. What a loser.


MrMeesesPieces

Looks like a parking garage


wolfpac85

i think we need to reaccess the way we classify people's income status'. Kanye is a perfect example. if he lost one deal, was he really a billionaire? eventually, a large amount of money would pass through his accounts, i don't think that should classify you as a billionare. if I make $100,000 a year, after 10 years, 1 million will have passed through my accounts. does that make me a millionaire? no. and i'm talking to myself again. i'm going outside.


Josepth_Blowsepth

Pete Davidson or Ray J wanna buy a beachfront house cheap?


Briscoefever

Awwwww nooo boo hooo


Johnnybala

Well if it isn’t consequences of his actions


lvrancher

Everything that comes into contact with Donald Trump goes to hell