News
Kanye West Reportedly Borrows $15.5 Million to Fund $35 Million Beverly Hills Mansion Purchase
Rap artist Kanye West and his wife, Bianca Censori, recently closed on a lavish $35 million Beverly Hills mansion, reportedly with the help of a $15.5 million loan.
According to the Daily Mail, West borrowed $12.5 million from Lone Oak Fund and Lone Oak Industries, with an additional $2.7 million from a private lender associated with fitness entrepreneurs Richard and Lucy Glassman.
The Glassmans shared their reasoning for backing the purchase, noting, “With a 40 percent loan-to-value ratio, it’s a safe investment.
If the loan defaults, we would gain a $35 million property.” They added that they hope West repays the loan, as they are primarily focused on getting a return rather than acquiring the mansion.
The 20,000-square-foot property features 11 bedrooms, 18 bathrooms, a guest house, swimming pool, tennis court, and a waterfall. West reportedly doesn’t plan to live in the mansion but intends to rent it out as an investment property.
In the first nine months of 2024, Nigeria spent $3.57 billion on foreign debt servicing—a 39.7% increase from the $2.56 billion spent during the same period in 2023, according to a Central Bank of Nigeria (CBN) report.
The highest monthly payment in 2024 was recorded in May, at $854.36 million, surpassing 2023’s peak of $641.69 million in July.
January saw a 389% increase compared to the previous year, while May’s payments rose by 286.52%. Although slight decreases occurred in June and July, September’s servicing costs were 17.49% higher than in 2023.
Amid rising debt payments, Nigeria’s total public debt reached N134 trillion in Q2 2024, up 10% from Q1.
The National Youth Service Corps (NYSC), releases confirmed date for the registration of Batch C Stream I, 2024. The registration will commence from the 14th of November, 2024. Although the duration of days or how long the portal will be opened have not yet been stated.
Here is the photo released on their official social media page on Instagram:
The Edo State Government approves of the removal of Executive boards, agencies and parastatals in the state’s public service. This information was confirmed on Wednesday and released in the Chief Press Secretary, Fred Itua, statement.
Itua shared that the state governor has ordered the appointees to turn over their government properties to the public officer.
“It is hereby announced for the information of the general public that the Governor of Edo State, Senator Monday Okpebholo, has approved the dissolution of the executives of all boards, agencies, and parastatals in the Edo State Public Service, with immediate effect.””
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