Beyoncé and Jay-Z have established the record for the most expensive home purchase in the state of California by purchasing a mansion that costs a staggering $200,000,000.
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Beyoncé and Jay-Z have shattered a record that sets a brand-new benchmark. In recent times, the well-known couple has acquired a brand-new luxurious residence in the Malibu area. It is the most expensive property in the state of California, and it was designed by Tadao Ando, a Japanese architect who is currently working on Kanye West’s future residence. The acquisition had a price tag of two hundred million dollars.
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Additionally, the home is the second most expensive residence in the country, with a flat in New York City that is valued at $238 million being the most expensive residence in the country. The mansion that the couple currently owns, which is completely made of concrete and is 30,000 square feet, was originally sold for $295 million, which means that they received a really excellent deal.
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Previously, the home was owned by William Bell, who is widely recognized as one of the most significant art collectors in the world. Bell spent fifteen years constructing the mansion. Reportedly, Bell made a request for a loan of one hundred million dollars in order to finance the construction of an eight-acre home that features a concrete pool that overlooks the Pacific Ocean and is located in the Paradise Cove neighborhood.
Prior to this, the power couple had previously acquired a property in Bel-Air that was valued at $88 million in 2017, making this their second Malibu investment together. Beyoncé is in the process of establishing a new hair care line with the intention of starting a new business while she is on her successful world tour.
It was recently reported that Jay-Z and his daughter Blue Ivy were seen attending one of the performances. In addition to applauding the well-known vocalist, the pair took pleasure in the amazing performance she gave.