Beyoncé and Jay-Z are no strangers to breaking records. Just this year, the songstress, who is currently traveling across Europe on her Renaissance World Tour, claimed the title for most Grammy wins of all time. Now, the power couple can count a groundbreaking real estate record as one of their own, after the purchase of a $200 million Malibu home—the priciest in the history of The Golden State, TMZ reports. The nine-figure transaction shatters Marc Andreessen’s former record in California, set with his $177 million purchase in 2021, also in Malibu.
The married moguls’ new Pacific Coast Highway abode was designed by architect Tadao Ando and measures in at 30,000 square feet, plenty of space for their three children to enjoy. Its seller was art collector Bill Bell Jr., who is also the heir to a soap opera fortune, as the son of the creators of The Young and the Restless and The Bold and the Beautiful. It reportedly took Bell over a decade and a half to finish construction on the concrete property.
Between their album sales and business endeavors (Jay-Z is the founder of the Roc Nation label; Beyoncé is behind Parkwood Entertainment), the business of being Bey and Jay is a lucrative one, so the purchase shouldn’t ultimately set them back too much. Beyoncé’s Renaissance tour could bring in as much as $2 billion, and Jay-Z’s net worth is $2.5 billion—more than enough to cancel out the record-breaking purchase.
Kurt Rappaport of the Westside Estate Agency represented both the buyers and seller. Per his bio on the WEA site, he’s got some practice working with big-name buyers; prior clients include Madonna, Brad Pitt, and Tom Cruise.
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Hedge fund founder Ken Griffin still holds the title for the biggest real estate purchase in the nation, putting down a whopping $238 million for his Central Park South high-rise in 2019.