Beyoncé and JAY-Z are reportedly keeping their $88 million house in Bel-Air, despite having just purchased the most expensive home in all of Malibu. TMZ reported last week that the couple dropped $200 million on the mega-mansion. At that fee, it ranks as the second most expensive real estate deal in the country behind a $238 million bid for an NYC apartment. The couple's new property was reportedly listed for $295 million. Celebrity realtor Kurt Rappaport represented both parties to bring the deal together.
The outlet described the property as one of "the greatest architectural masterpieces in the country." It overlooks the Pacific Ocean and is located in the exclusive Paradise Cove area and was designed by famed Japanese architect, Tadao Ando. At 40,000 square feet, it also doubles as an art museum. Art collectors Bill and Maria Bell originally commissioned the property.
Beyoncé & JAY-Z
Back in 2022, JAY-Z's frequent collaborator, Kanye West, purchased a home in Malibu for a whopping $57 million. Tadao Ando also designed his beachfront property. Other rappers to drop small fortunes on homes in the area include Dr. Dre, who bought a $40 Million home in Brentwood, California, Diddy, who purchased a $40 Million property in Holmby Hills, California, and more.
Beyoncé's purchase of the Malibu property comes as she embarks on The Renaissance World Tour. For the effort, she'll be making a total of 57 stops across England, Spain, France, Germany, and more. The shows kicked off on May 10 at Friends Arena, in Stockholm, Sweden. She'll begin her run of shows in the United States on July 12 with a performance at Lincoln Financial Field in Philadelphia. DaniLeigh recently revealed that she worked with Beyoncé on the choreography for the concerts. Additionally, Natalia Bryant worked as an intern for Beyoncé ahead of the tour. It marks her first solo tour since the Formation World Tour in 2016.