Beyoncé and Jay-Z are not taking their power couple position lightly. In a recent unprecedented move, the billionaire pair has just brought the most expensive home ever sold in California, according to TMZ.
Sources told the outlet that the home is “one of the greatest architectural masterpieces in the country,” a 30,000 square-foot Malibu home priced at $200 million. Prior to the massive sale, the priciest property ever bought in the state sold for $177 million. Bey and Jay’s recent closing now marks the second most expensive real estate transaction in the country. The first is a New York City apartment valued at $238 million.
The source further revealed that the On the Run couple snagged the land for an impeccable deal. The home was originally listed for $295 million.
The lavish property sits beautifully on an 8-acre bluff in the Paradise Cove area overlooking the Pacific Ocean. The area is also known as Billionaires’ Row.
Japanese architectural legend Tadao Ando designed the house. He also was the mastermind behind Kanye West’s sprawling Malibu property.
Prior to Beyoncé and Jay Z owning the property, it originally belonged to William Bell, one of the wealthiest art collectors in the world. Bell also built the all-concrete home, which took about 15 years to build.
The home marks the second whopping real estate buy in the area. In 2017, the couple bought a $88 million-dollar Bel-Air mansion and added all the accoutrements to ellipse its worth past $100 million.
In 2019, Beyoncé snatched spot 51 on the Forbes list of America’s Wealthiest Self-Made Women with an estimated net worth of $400 million.
And earlier this year, Jay-Z became the richest rapper in the world when it was announced that his net worth peaked at $2.5 billion, according to Forbes’ real-time billionaires list.
“Their careers blossomed together,” Hollywood producer Jim Jonsin said in the book Empire State of Mind. “He attached himself to all her fans, and then they went and got into his stuff. The same goes for her … they’re the president and first lady of the music industry.”