Beyoncé & Jay-Z Reportedly Paid CASH For Record-Breaking $200 Million Malibu Home
By Favour Adegoke on May 23, 2023 at 1:15 PM EDT
Power couple Jay-Z and Beyoncé recently made headlines for paying $200 million to purchase the most expensive house ever sold in California. New reports now say they did it in cash.
The palatial estate, bought from art collector William Bell, has several luxury features and amenities, including Bell's private art collection.
Despite their new purchase, the pair will reportedly keep their $88 million Bel Air mansion as they consider it "home" and close to friends and loved ones.
Read on for more details.
Jay-Z And Beyoncé Paid Cash For New Home
In a stunning display of their immense wealth and love for luxury real estate, power couple Jay-Z and Beyoncé made history with their recent acquisition of a breathtaking Malibu mansion.
According to TMZ, the music industry titans reportedly paid a jaw-dropping $200 million in cold hard cash for their new coastal retreat, setting a new record for the most expensive residential real estate purchase ever made in California.
Nestled in the exclusive Malibu neighborhood in California, AKA Billionaires' Row, the sprawling property spans an impressive 30,000 square feet. It boasts stunning panoramic views of the Pacific Ocean and the city's skyline.
The contemporary masterpiece, designed by renowned architect Tadao Ando, seamlessly blends elegance, comfort, and cutting-edge technology. The mansion offers an array of luxurious amenities, including a private art collection, a swimming pool, and a water feature.
Despite their private nature, the couple's love for real estate has been well-documented recently. They own an impressive collection of opulent homes, including a $88 million Bel Air mansion and a $26 million East Hampton home.
Fans Wonder Who Has '$200M In Cash Sitting Around.'
Fans of the "Drunk In Love" collaborators took to social media to express their opinion on the reports of Jay-Z and Beyoncé paying $200 million in cash for their new home.
A fan said, "So someone has $200 million in cash sitting around somewhere. Can you imagine how many bags or trucks they'll need to transport such about... The world is truly unfair."
One fan quizzed, "Why do we care so much about this couple's business?"
"$200 million is worth more than some actors' and athletes' net worth. Damn!" another fan penned.
Jay-Z And Beyoncé To Keep $88 Million Bel Air Mansion
Despite their recent record-breaking $200 million cash purchase of the stunning Malibu estate, music power couple Jay-Z and Beyoncé have decided to retain their beloved Bel Air mansion, per TMZ.
Located in the prestigious and exclusive neighborhood of Bel Air, the two-acre mansion was developed by Dean McKillen, and acquired by Jay-Z and Beyoncé in 2017 for $88 million. The L-shaped estate, known for its sleek and contemporary design, features state-of-the-art amenities, including a spa, fitness center, media room, and sprawling outdoor spaces that lend themselves to lavish entertaining.
According to the news outlet, the couple still considers their Bel Air mansion "home" as it is close to their children's school and friends, while the Malibu property will serve as their "weekend home" until they can move fully.
Jay-Z Is In A Legal Battle Over A Paternity Test
According to the Daily Mail, Rymir Satterthwaite, 30, has accused the Roc Nation rapper of abusing the legal system for more than a decade to evade taking a DNA paternity test.
Satterthwaite has been trying to prove that he's Jay-Z's illegitimate son for the past nine years but has been met with several roadblocks. He has now taken the case to the supreme court to see to the unsealing of the case and to force Jay-Z to take a paternity test.
He told the publication that all he wanted out of this was to see "justice served" and that he'll go to great lengths to ensure that it happens and for the rapper to acknowledge him as a son.
"This is not going to be over until justice is served," he said. "I just want to live my life, and when it is all said and done, I hope that Jay-Z would want to be a part of my life if that is God's will. I won't stop fighting for this until I win. And I will win because the law is on our side."
Meanwhile, according to the publication, Jay-Z's lawyer denied Satterthwaite's claims, saying, "The allegations have been previously reviewed thoroughly by the courts and have been refuted. I am sure that will be the outcome of whatever filings Mr. Satterthwaite may consider."
