Jay-Z and Beyoncé, who are among the wealthiest couples on the planet, recently acquired a huge Malibu estate for a staggering $200 million, setting a new record for the priciest real estate deal in California’s history. What’s more, the couple paid the entire sum in cash to the former owners, as they are not fond of owing money. Even for them, $200 million is a huge amount to pay at once.
According to TMZ, the couple shelled out $200 million in cash for the massive Malibu estate they purchased from William Bell, a renowned art collector who spent nearly 15 years building it.
Given their wealth, the couple had no trouble affording it.
The estate was crafted by Tadao Ando, a Japanese master architect who also created the $57.3 million mansion that Kanye West bought after his split from Kim Kardashian. The Carters scored a bargain on the estate since it was initially priced at $295 million.
The Los Angeles Times reports that the L-shaped estate boasts spacious areas and lawns overlooking the picturesque beach, as well as glass walls and concrete corridors. The stunning property also has a pool and a cabana.
This is not the couple’s first big real estate investment in Los Angeles. In 2017, they bought a Bel-Air mansion for $88 million and spent millions more to make it worth over $100 million.
Forbes reports that Jay-Z has a net worth of more than $2.5 billion, thanks to his profitable liquor brands Ace of Spades and D’Usse, his music collection, and other businesses. Beyoncé’s net worth is close to $500 million.