Left image by Kevin Mazur/Getty Images //
According to TMZ, Beyoncé and Jay-Z made the purchase entirely in cash, though we aren’t sure exactly how this happened, we can only assume that it was delivered in a giant suitcase. The sprawling 2,790 square metre compound in the prestigious location of Malibu and was designed by the acclaimed Japanese architect Tadao Ando, who is known for his exceptional craftsmanship. Interestingly, Ando also designed Kanye West’s $57.3 million mansion, which he acquired during his divorce from Kim Kardashian.
The newly acquired Malibu property was previously owned by art collector William Bell, who spent an impressive 15 years building the all-concrete home. The house was originally listed for US$295 million, indicating that Beyoncé and Jay-Z managed to save themselves a whopping $95 milly.
Despite facing criticism for the perceived extravagance of their purchase, the power couple seemed unaffected as they celebrated their new acquisition during a recent dinner in London. Beyoncé and Jay-Z have an extensive real estate portfolio in addition to their latest acquisition. In 2017, they bought a home in Bel-Air for $88 million, followed by a $26 million mansion in the Hamptons during the same year.
Beyoncé, with a net worth of $450 million according to Forbes, and Jay-Z, with an impressive $2.5 billion to his name, have established themselves as one of the wealthiest couples in the entertainment industry. Married since 2008, they have three children together: Blue Ivy, 11, and twins Rumi and Sir, who are five years old. Here’s hoping there will be enough room for the kids to have a play at the new pad…
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