Kanye Drops $7 Mill On Beverly Hills Crib

Kanye West recently spent over $7 million on a new home located in the Beverly Hills flats.

According to the Los Angeles Times, the Grammy-award-winning rapper/producer West dropped almost $7.2 million on the house, which was listed by Judi Schryro of Hilton & Hyland in Beverly Hills.

West's purchase marked the first occasion the home had been on the market in over 45 years. The 3,300 square foot two-story home, which was built in 1921, has six bedrooms and four bathrooms and sits on nearly an acre of manicured land.

Kanye is expected to release his third album, Graduation later this year. West has also been developing an HBO comedy series with producer/director Larry Charles (Borat, "Curb Your Enthusiasm" and "Seinfeld").