2023-06-27 12:26:26
Beyoncé and Jay-Z regularly break records. This year, the singer not only won the most Grammys in history, but she bought the most expensive house ever sold in California. Its price: 200 million dollars. Its location: Malibu.
This nine-figure purchase thus pulverizes by tens of millions the old real estate record held by tech billionaire Marc Andreessen, who in 2021 bought a $ 177 million house in Malibu.
Covering an area of 2,800 square meters, the new “record house” was designed by architect Tadao Ando and acquired from art collector Bill Bell Jr, the son and heir of the creators of the Flames of love and D’Love glory and beauty. The construction of his house is said to have taken more than a decade.
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Between income from their music and their side businesses (Jay-Z has his record label Roc Nation while Beyoncé takes care of her company Parkwood Entertainment), the couple have amassed such a fortune that their new home shouldn’t weigh too much. in their budget. Beyoncé’s current tour might earn her up to $2 billion additional, while Jay-Z’s fortune was estimated at $2.5 billion in 2023.
Kurt Rappaport of the Westside Estate Agency (WEA) is the man who oversaw the transaction. According to the WEA site, he had already worked with many celebrities, including Madonna, Brad Pitt and Tom Cruise. This purchase therefore represents a good media stunt for the agency, even if Beyoncé and Jay-Z remain behind Ken Griffin, founder of a hedge fund known to hold the record for the largest real estate acquisition for an individual in the United States. In 2019, he had paid $ 238 million to buy a building in New York on Central Park South.
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