Beyoncé & Jay-Z Make California History By Purchasing Most Expensive Home Ever In The State

It’s a good thing Bey’s “RENAISSANCE” World Tour could bring home upwards of $2 billion.

BYHayley Hynes
Beyoncé & Jay-Z Make California History By Purchasing Most Expensive Home Ever In The State

Jay-Z and Beyoncé have been two of the biggest figures in the music industry for decades, and they're showing no signs of slowing down anytime soon. 2023 finds the couple markedly making some of their most mature moves to date, with the mother of three recently embarking on her RENAISSANCE World Tour and teasing a new business venture into the hair industry. Hov, on the other hand, has been busy convincing the city of New York that his Roc Nation casino plans for Times Square are the right fit for them.

Amid all this, the Carters have somehow found time to finalize the purchase of a new home – one that also makes them record-breakers in the state of California. As TMZ reports, their new spot spans a whopping 30,000 square feet in Malibu, and it cost them $200 million. This makes it the most expensive home ever sold in the area, with the prior record being $177M. It came in second place in terms of the most expensive real estate deal in the country, falling short of a $238M NYC apartment deal. Seeing as the property was initially on the market for $295M, the southern singer and east coast lyricist got an incredible deal.

Read More: Beyoncé Hints At New Business Venture In The Hair Industry

Bey and Jay Make Major Money Moves

The mansion is just one of many located on "Billionaires' Row," which overlooks the Pacific Ocean in Paradise Cove. It was designed by Tadao Ando, the renowned Japanese architect who's also been linked to Kanye West's new home in Malibu. The previous owner of Bey and Jay's abode is William Bell, best known for having one of the biggest art collections in the world. He spent nearly a decade and a half building the all-concrete structure, which is now the new owner's second property in the area.

In 2017, they purchased an $88M Bel-Air mansion which has since undergone extensive renovations to bump its worth into the $100 millions. Are you envious of the Carter's record-breaking new home? Let us know in the comments, and check back in later for more pop culture/hip-hop news updates.

Read More: Jay-Z & Roc Nation's NYC Casino Bid Moves Forward In A Major Way


  • Link Copied to Clipboard!
About The Author
Hayley Hynes is the Weekend Managing Editor of HotNewHipHop, and has been since 2021. She began writing for the website that same year, primarily covering content in the Music, Pop Culture, and Streetwear niches after graduating from Vancouver’s Blanche Macdonald Centre with a Fashion Marketing Diploma. She previously reported on Travel, Entertainment, Beauty, and News at Narcity Canada for over three years. Hayley has also contributed articles and interviews within these realms to Folklr Magazine and the Calgary Journal while studying Journalism at Mount Royal University. In her spare time, she freelances for Bandbox Vinyl, having already interviewed hip-hop icons like Atmosphere and explored Syd’s discography. Hayley also uses her expansive pop culture knowledge and passion for astrology/self-enhancement to help others explore their curiosity in an ongoing Instagram video series. Among her favourite hip-hop artists are A$AP Rocky, Drake, Kendrick Lamar, Nicki Minaj, and Mac Miller.