JayZ and Beyonce buy California's most expensive home for $200 million
The 40,000 square-foot home, which has been likened to a supervillain's lair, is made from concrete and glass, and sits on eight acres on a cliff overlooking the Pacific Ocean in Malibu.
They will be next door to - although some distance away from - the previous California record holder, billionaire venture capitalist Marc Andreessen, who paid $177 million for his palatial residence in 2021.appear to have secured something of a bargain. Their new home was never put on the market, instead being privately offered to uber-wealthy potential buyers with an original asking price of $295 million.
The house was designed by Japanese architect Tadao Ando, who is also currently designing a home in Malibu for Kanye West.The minimalist L-shaped structure was made with 7,645 cubic yards of concrete. It has concrete hallways and features walls of glass.The residence is in an area known as "Billionaires' Row" in Paradise Cove,Even mobile homes in Paradise Cove have been sold for more than $5 million.
Their new home was built over 15 years by the previous owner, art collector Bill Bell Jr, whose father created long-running US soap operas "The Young and the Restless" and "The Bold and the Beautiful".The record is still held by hedge fund billionaire Ken Griffin, who paid $238 million for an apartment in New York in 2019.
Last year, seven homes in the US were sold for more than $100 million, and 44 went for over $50 million.'s $173 million purchase of an estate in Florida, which was the most expensive ever in that state.
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