Kanye West and Kim Kardashian make bank.
Kanye West and Kim Kardashian are getting ready to move into their new digs in the Hidden Hills area of California and, if they were planning on making a big splash with purchases for that soon-to-be-ready home, they'll have some extra cash to play with.
TMZ is reporting that the world-famous couple have officially sold their Bel-Air mansion for a handsome profit. The home, which sits on a one-acre property, was originally purchased by Kanye and Kim for $9 million back in 2013. No small amount of money to be dropping on a house, to be sure, but the amount they're pocketing from the sale will nearly double what they paid for, totaling $17.8 million.
For those keeping track at home, that's a profit of nearly $9 million. According to this report, it's the most expensive sale ever made in the Bel-Air Crest community, which is home to many wealthy residents besides the West-Kardashian family. The buyer is a woman named Marina Acton, a a Ukrainian philanthropist who is currently based in Silicon Valley. She's apparently pursuing her music career and was looking for the perfect place to lay down some roots in Los Angeles. She said she found the home "creative and inspiring." Matt and Josh Altman, who are known from the Bravo series Million Dollar Listing L.A., represented both parties in this landmark real estate deal.
Now that their old house is off their hands, the question becomes how quickly the couple will be able to move into their new place. We reported last month that the timetable has recently been in flux, with the major renovations progressing at a clip that is slower than expected. In fact, it could be another four to five months before Kanye and Kim have a home that is ready to be lived in, by their standards of course. The property will eventually include a two-story playroom for their kids, a music studio and a full-size movie theater with surround sound. The 40-year-old rapper and his 36-year-old reality TV star wife are surely keeping their fingers crossed for a quick turnaround on the alterations to the house, especially considering the recent sale.
The couple are expecting another child via surrogate in January.