Beyonce and Jay Z just purchased a gorgeous new Malibu home and according to TMZ they paid $200 Million cash!
Their 30,000-square-foot Malibu mansion was purchased from William Bell, who is one of the biggest art collectors in the world.
It is the second most expensive real estate deal in the country — the top being $238 million for an NYC apartment.
They actually got an unbelievable deal … the home was quietly listed for a whopping $295 million.
The house sits on an 8-acre bluff overlooking the Pacific Ocean in the Paradise Cove area … AKA Billionaires’ Row.
It’s also an architectural jewel, designed by Tadao Ando, a Japanese master architect, who is also designing the house Kanye West bought in Malibu.
The house was built by William Bell, and it took him almost 15 years to get it done.
The home is the couple’s second massive real estate purchase in the Los Angeles area that we know of … back in 2017, they purchased a Bel-Air mansion for $88 million, and pumped millions more into the home to push it over the $100 million mark.
According to Forbes, Jay is worth $2.5 billion … thanks to his lucrative liquor businesses, Ace of Spades and D’Usse, his music catalog, and his fine art collection — with pieces from Basquiat.
In 2022, Forbes estimated Beyoncé’s net worth to be just shy of $500 million … crediting her tours, music catalog, and appearances in feature films to the majority of her wealth.
Of course, she also just kicked off her “Renaissance” tour, which is expected to rake in more than $1 billion … so their net worth will only go up from here.
