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Kanye West Reportedly Borrows $15.5 Million to Fund $35 Million Beverly Hills Mansion Purchase

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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.

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Nigerian Student Wins 2026 Spelling Bee World Championship

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It has been reported that a Nigerian won the 2026 Spelling Bee World Championship, which was held in Shanghai, China. The winner, Chinedu Great Okdediachi, has now returned home to Delta State after his victory.

It can be noted that the student had already emerged as one of the Gold Award winners in the Middle School Group category.

“Congratulations once again, Chinedu! Your success continues to inspire young Nigerians to pursue excellence through education. Welcome home, Champion!”

The young star has made Nigeria proud by winning the international competition.


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‘My Reforms Have Stabilised Nigeria’s Economy’ — President Tinubu

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President Bola Ahmed Tinubu has stated that his administration’s economic reforms have helped stabilise Nigeria’s economy and placed the country on a path toward steady growth.

He said “My reforms have stabilised Nigeria’s economy and put it on a path of steady growth.”

The President added that the reforms are creating more opportunities for development across the country.

However, many Nigerians reacted online, with some questioning the impact of the reforms and saying they have yet to experience the positive effects.


 

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Nyesom Wike Says He Knows Civil Servants Don’t Like Him

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Nigerian politician and FCT Minister, Nyesom Wike, has said that he is aware many civil servants do not like him.

He shared that he understands why he is unpopular among some civil servants, explaining that funds previously spent on unnecessary conferences are now being redirected to road construction projects.

He said “Some people say conferences for corruption and I say what is that? You are going for conferences to do what? These are ways government funds are being diverted. I say put this money in this road here and the people will get the impact.”


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