TMZ reports that Jay‑Z and Beyoncé have splurged a staggering $200 million in cash on a breathtaking Malibu estate in California.
The deal sets a new record for the most expensive home ever purchased in the state of California and the second priciest in US real estate history, after a New York City penthouse that went for $238 million.
The couple reportedly bought the all-concrete abode from William Bell, one of the world’s biggest art collectors, who spent nearly 15 years constructing the property. The 30,000-square-foot estate was crafted by famed Japanese architect Tadao Ando, who also created Kanye West’s $57.3 million mansion bought during his divorce from Kim Kardashian.
Despite some backlash for the “excessive” purchase, the music industry power couple reportedly scored a bargain on the property, which was originally on the market for $295 million. The couple also owns other extravagant properties, including a home in Bel-Air bought for $88 million in 2017 and a mansion in the Hamptons acquired for $26 million in the same year.
Beyoncé’s net worth is estimated at $450 million, according to Forbes, while Jay‑Z has a net worth of $2.5 billion. The couple, who tied the knot in 2008, have three children: Blue Ivy, Rumi, and Sir.
The purchase of this amazing Malibu estate is bound to make headlines and draw attention from fans and real estate aficionados alike.
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