Some may call his projects ‘ambitious’, others ‘crazy’, but it appears Kanye West’s pursuit of such projects is not going to stop anytime soon. Recent reports suggest that West is interested in buying a 100,000-acre property in the Middle East to build his envisioned city, YZY DROAM. Some sources also suggest that the rapper’s latest project could be a move to escape America, where he remains a controversial figure.
In recent months, the Runaway singer has faced criticism for his anti-semitic remarks. West’s personal life also drew media attention, after he and his new wife, Bianca Censori, were spotted in weird outfits in public, followed by reported conflicts between the couple.
Kanye West’s Latest Real Estate Venture Is To Build A City In The Middle East
Kanye West is reportedly aiming to build a city larger than Paris. West envisions this monumental venture as his dream sustainability project. The news came out after an ad appeared on social media, seeking applicants for the roles of project managers, engineers, architects, and contractors at Yeezy. The name of the project in the ad was ‘YZY DROAM’.
YZY
DROAM
PHASE 1 pic.twitter.com/wPdxl4w37S— Unreleased Ye (@unreleased_ye) December 20, 2023
West reportedly wants to build the city away from the U.S. Motivated in part by a desire to escape unwanted media attention amid ongoing controversies, West is eyeing the Middle East for his city project. West’s growing interest in the area was visible recently when the singer was spotted along with his daughter North West in Dubai and Saudi Arabia.
He also performed his new song Vultures in a concert in Dubai alongside Lil Durk and Ty Dolla $ign. West also attended the fight between Ngannou and Fury. While his visionary project may soon enter phase one of development, it is notable that several of the Stronger singer’s real estate ventures now lie in neglect. Notably, his net worth fell from the billions to the millions range, with Forbes reporting his current net worth as $400 million.
Kanye West’s Unrealized Or Abandoned Properties
Kanye West’s biggest project comes at a time when his financial situation has taken a hit. His antisemitic remarks resulted in Adidas severing ties with the Homecoming singer. However, his real estate situation is the worst, with several of his ambitious projects stagnating. According to Business Insider, he recently put his Malibu home on the market at a listing price of $53 million, which is lower than the $57.25 million he paid for it.
Reports in March also suggested that his Los Angeles church property now lies abandoned. Daily Mail reported the ruined state of two of his dream properties, the Wyoming Monster Lake Ranch and the Calabasas Ranch. The Wyoming property was planned for a self-sustainable underground community of 200 people, called YZY CITY. He also filed trademark applications for the name Yecosystems, a branded community with homes.
Interestingly, Kanye West’s wife Bianca Censori is an architectural designer at his company Yeezy.
