Jay-Z and Beyoncé just set a new record. And it’s not related to music. The celebrity couple paid $200 million in cash for a new home, which makes it the most expensive house ever bought in California.
AMP in the post
Find out how the couple celebrated their purchase. And discover the rest of their real estate portfolio. Get all the details below.
Jay Z And Beyoncé – Pay Cash For $200 Million Malibu Mansion
Queen Bey just proved that her reign over the music beehive pays quite well. And Jay-Z joined his queen in purchasing a new home, with the couple shelling out cash for their $200 million Malibu estate. Insiders revealed that Beyoncé and her hubby paid the full price completely in cash, reported Page Six.
And by spending $200 million on their huge new Malibu, Calif., compound, the music king and queen set a new record for buying the most expensive home ever purchased in California.
In addition, it ranks as the second most expensive house in United States real estate history. A New York City apartment that sold for $238 million wins as the most pricey place.
AMP in the post
Insiders revealed that Beyoncé and Jay-Z purchased the mansion from William Bell. He ranks as one of the largest art collectors in the world. And Bell built the power couple’s new home over a 15-year period. Spread out over a 30,000-square-foot property, the home was designed by Japanese master architect Tadao Ando. Ando also designed the $57.3 million mansion that Kanye West bought amid during his divorce from Kim Kardashian.
Beyoncé And Jay-Z – Celebrate Purchase In London
However, while ordinary folks may feel stunned at the sum, the power couple apparently bargained to get their new home at that price. The original listing was for $295 million. But when news of the purchase went viral, critics complained that the price seemed offensive and excessive.
But the new homeowners celebrated at dinner in London. And seemingly not disturbed by the criticism, Beyoncé, 41, and Jay-Z, 53, dined at Harry’s Bar in Mayfair. They enjoyed a delicious soufflé with billionaire entrepreneur Nassef Sawiris, according to sources. Queen Bey wore a bedazzled black mini dress and overcoat.
AMP in the post
The new mansion joins Jay-Z and Beyoncé’s existing real estate portfolio. They spent $88 million in 2017 for a house in Bel-Air. And the couple also spent $26 million on a mansion in the Hamptons that same year. Beyoncé has acquired a net worth of $450 million. And Jay-Z has $2.5 billion. Since tying the knot in 2008, Beyoncé and Jay-Z have welcomed their children Blue Ivy, 11, and twins Rumi and Sir, 5, into the world.
Tell us what you think. How do you feel about Beyoncé and Jay-Z spending $200 million on a mansion and shelling out the sum all in cash? And after you share your views, check back on our site for more celebrity news.
Editorial credit: Featureflash Photo Agency / Shutterstock.com