Jay-Z and Beyonce purchase 30,000 sq ft property in Malibu.
Even though Beyonce is on her “Renaissance World Tour”, she and her rapper husband Jay-Z purchased a new property in California for a record price tag. According to a report by TMZ, the powerful couple bought a new mansion in the prime area of Malibu, and they paid a staggering $200 million for the deal.
The new deal is record-breaking in the entire state of California, as it is the most expensive property in the area, beating the previous record of $177 million. It is also the second most expensive real estate deal in the US, just after a $238 million NYC apartment.
The couple actually received a huge discount in the deal, as the house was originally listed for $295 million.
The house on the 30,000-square-foot area was designed by Japanese architect Tadao Ando and it sits on an 8-acre property overlooking Malibu’s Paradise Cove.
Beyoncé and Jay-Z have bought the most expensive home ever sold in California at $200 million, TMZ reports. pic.twitter.com/d2Y4lozIx7
— Pop Base (@PopBase) May 19, 2023