By now, everyone in America would have heard that one of America’s most famous power couples dropped $200 million on what was supposed to be the most expensive home ever in California.
According to Architecture and Design, Beyoncé and Jay-Z are not strangers to breaking records. Just this year, the songstress, traveling across Europe on her Renaissance World Tour, claimed the title for most Grammy wins of all time. Now, the power couple can count a groundbreaking real estate record as one of their own after purchasing a $200 million Malibu home—the priciest in the history of The Golden State, TMZ reports. The nine-figure transaction shatters Marc Andreessen’s former record in California, set with his $177 million purchase in 2021, also in Malibu.
Architect Tadao Ando designed the married moguls’ new Pacific Coast Highway abode, which measures 30,000 square feet, with plenty of space for their three children to enjoy. Its seller was art collector Bill Bell Jr., the heir to a soap opera fortune, as the son of the creators of The Young and the Restless and The Bold and the Beautiful. It reportedly took Bell over a decade and a half to finish construction on the concrete property.
Between their album sales and business endeavors (Jay-Z is the founder of the Roc Nation label; Beyoncé is behind Parkwood Entertainment), the business of being Bey and Jay is lucrative, so the purchase shouldn’t set the couple back too much. Moreover, Beyoncé’s Renaissance tour could bring in as much as $2 billion, and Jay-Z’s net worth is $2.5 billion—more than enough cabbage to cancel out the record-breaking purchase.