Kanye West gets $8 million for his Beverly Hills teardown

Before you go, we thought you'd like these...
Before you go close icon
The real estate market may be tanking but we can all sleep better because of this news: Hip-hop superstar Kanye West, perhaps best-known for his hit "Golddigger" has sold his Beverly Hills property for $8 million, less than a year after he bought it for $7.15 million.

The listing described the home as a "teardown" -- someone bought a home for $8 million and will scrap it to build a new one.

Perhaps West is selling it to buy something a bit nicer -- His latest hit album, Graduation, has garnered a Grammy nomination for album of the year.

Unfortunately, much of Mr. West's profit on the home was probably eaten up by real estate agent fees and the cost of plans for a new modern home that were included in the sale price.
Read Full Story

Markets

S&P 500 2,387.45 -1.16 -0.05%
DJIA 20,975.09 -21.03 -0.10%
NASDAQ 6,025.23 -0.27 0.00%
DAX 12,472.80 5.76 0.05%
NIKKEI 225 19,263.01 -26.42 -0.14%
HANG SENG 24,575.01 -3.42 -0.01%
USD (per EUR) 1.09 0.00 -0.04%
USD (per CHF) 0.99 0.00 0.03%
JPY (per USD) 111.23 0.04 0.04%
GBP (per USD) 1.29 0.00 0.15%

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners

12 Facts That Will Make You Smarter Than Your Friends 12 Facts That Will Make You Smarter Than Your Friends
Nature Gets Revenge On Safari Hunter Who Killed Elephants And Lions For Sport Nature Gets Revenge On Safari Hunter Who Killed Elephants And Lions For Sport
Man Is Horrified To Learn His Biological Father's Identity - But A Look In The Mirror Man Is Horrified To Learn His Biological Father's Identity - But A Look In The Mirror