How Kanye West is spending his money since being named a billionaire by Forbes

Few days after American rapper Kanye West was declared a billionaire by Forbes, the rapper has bought back his childhood home in Chicago.kak

This comes after a charity, that was connected to him, failed to turn the home into an arts hub.

Kanye West bought back his childhood home located in Chicago’s South Shore neighbourhood for $225,000 just a few days after he reached billionaire status.

The Mail Online reports that Charity Donda’s House Inc., which is named after Kanye’s late mother bought the home in 2016. It had planned to turn the house into a community arts “incubator” for at-risk youth.

Kanye’s late mother, Donda, reportedly died in 2007 following complications from a cosmetic procedure.

Kanye has since cut ties with the charity, following his feud with childhood friend rapper Rhymefest, who served as the creative director.

The rapper purchased the home for around $225,000 and will need at least $60,000 in repairs, after it had been left in ruins, according to the Mail Online.