Kanye West's fall from grace appears to be continuing, as his career is also on hold as a result of his anti-Semitic outbursts.
In the aftermath of losing his billionaire status, the "Donda" rapper, who officially changed his name to Ye, has put a halt to the construction of his Malibu beach mansion.
According to Radar Online, he lost most of his major brand relationships, including his association with Adidas.
The oceanfront mansion was acquired by Kim Kardashian's ex-husband for $57 million last year. However, renovations are still ongoing, and the property is far from finished after being gutted shortly after purchase.
However, renovations are currently on hold as he works out his finances.
Meanwhile, he spends the majority of his remaining funds in one of Beverly Hills' most opulent hotels.
Per an informant who talked to the site, the "All Of The Lights" hitmaker has been staying at the Waldorf with his girlfriend, Juliana Nalu, for the last month.
The hotel's website indicated that penthouses range from $1,200 up to $4,000 per night.
Though he continues to burn money to maintain his lifestyle, a source claims that Kanye West's present financial condition is so grave that he has temporarily halted building on his dream mansion.
A source also informed The Sun that it's not just his Malibu property that needs renovation, but also the home near his ex-wife.
It was also stated that Ye sought a change of scenery after spending months in Soho Warehouse Downtown, which is why he was compelled to reside in a five-star hotel.
Kanye's bill has already topped $200,000 as of this writing, when he checked in on October 6.
Kanye West's career came crashing down in the aftermath of his disturbing remarks, with the rapper claiming he had already lost $2 billion in a single day due to the fallout after Adidas, Balenciaga, Vogue, TJ Maxx, and other companies cut ties with him.
According to Forbes, the "Eazy" rapper made up to $220 million per year from his Yeezypartnership with Adidas.
The magazine further reported Kanye West once had a net worth of $1.5 billion, but his net worth has now dropped to $400 million. His best pal Jay-Z is still the richest among them, until recently.
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