Beyoncé and Jay-Z Drop $200 Million on Most Expensive Home in California History

Beyoncé and Jay-Z aren’t any strangers to breaking information. Simply this yr, the songstress, who’s at present touring throughout Europe on her Renaissance World Tour, claimed the title for many Grammy wins of all time. Now, the ability couple can rely a groundbreaking actual property report as considered one of their very own, after the acquisition of a $200 million Malibu dwelling—the priciest within the historical past of The Golden State, TMZ studies. The nine-figure transaction shatters Marc Andreessen’s former report in California, set together with his $177 million buy in 2021, additionally in Malibu. 

The married moguls’ new Pacific Coast Freeway abode was designed by architect Tadao Ando and measures in at 30,000 sq. ft, loads of area for his or her three youngsters to take pleasure in. Its vendor was artwork collector Invoice Bell Jr., who can be the inheritor to a cleaning soap opera fortune, because the son of the creators of The Younger and the Stressed and The Daring and the Lovely. It reportedly took Bell over a decade and a half to complete development on the concrete property. 

Between their album gross sales and enterprise endeavors (Jay-Z is the founding father of the Roc Nation label; Beyoncé is behind Parkwood Leisure), the enterprise of being Bey and Jay is a profitable one, so the acquisition shouldn’t in the end set them again an excessive amount of. Beyoncé’s Renaissance tour may herald as a lot as $2 billion, and Jay-Z’s internet price is $2.5 billion—greater than sufficient to cancel out the record-breaking buy. 

Kurt Rappaport of the Westside Property Company represented each the consumers and vendor. Per his bio on the WEA website, he’s bought some observe working with big-name consumers; prior shoppers embody Madonna, Brad Pitt, and Tom Cruise.

JOIN NOW

Solely Members Get Entry to Our Kitchen Design Insights

Hedge fund founder Ken Griffin nonetheless holds the title for the most important actual property buy within the nation, placing down a whopping $238 million for his Central Park South high-rise in 2019.