Jay‑Z and Beyoncé Splurge $200 Million on Malibu Mansion in Cash

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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