LOS ANGELES, May 23 (Iance) Superstar couple Jay-Z and Beyoncé Knowles have bought their $200 million mansion with cash.
They recently cashed in on a 30,000-square-foot Malibu condo from art collector William Bell, and insiders told TMZ they had no mortgage on the property, aceshowbiz.com reports.
However, this may come as no surprise since the ’99 Trouble’ hitmaker is worth about $2.5 billion, in part due to his alcoholic brand Ace of Spades and D’Usse, his fine art collection, and his back catalog, while the wife’s career has seen Music & Film has amassed a fortune close to $500 million, which is only set to increase with her continued “Renaissance” tour because the concert series is expected to bring in over $1 billion.
It was revealed last week that the property deal was the most expensive home in California, breaking the old record of $177 million, and is the second-highest-ever property deal in the entire country, after selling 238 million pounds. for an apartment in New York.
But Jay and Beyoncé may think they’ve got a deal because the estate — which sits on eight acres overlooking the Pacific Ocean in Paradise Cove — has been listed for $295 million.
It took previous owner William nearly 15 years to build the all-concrete property, which was designed by Japanese architect Tadao Ando.
In 2017, Beyoncé and Jay — who wed in April 2008 — spent $88 million on a mansion in Los Angeles’ Bel Air district, spending millions on the property to increase its value to more than $100 million.
– Jans
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