A new report suggests that the iconic duo Jay-Z and Beyoncé have bought a colossal Malibu mansion with a jaw-dropping price tag, all paid for in cash.
According to TMZ’s May 22nd article, the power couple has reportedly splurged a whopping $200 million on the estate, marking it as the priciest residential purchase ever seen in California.
This real estate transaction also ranks as the second most expensive in the history of the US market, trailing only behind a $238 million sale of a New York City apartment.
Reports indicate that the Carters acquired the all-concrete residence from William Bell, a renowned art collector who dedicated nearly 15 years to construct this grand abode.
The 30,000-square-foot property was envisioned by Tadao Ando, a distinguished Japanese architect, who also crafted the $57.3 million mansion that Kanye West acquired amidst his divorce from Kim Kardashian.
Originally listed at $295 million, the Carters managed to negotiate the price down to a cool $200 million.
Forbes estimates Beyoncé’s net worth at $450 million, while Jay-Z boasts a staggering $2.5 billion fortune.
The power couple tied the knot in 2008 and are the proud parents of three children: 11-year-old Blue Ivy and 5-year-old twins, Rumi and Sir.
