Jay-Z and Beyoncé Break California Real Estate Records with $200 Million Mansion Purchase

Beyoncé and Jay-Z have purchased a 30,000-square foot home in Malibu for a record-breaking price tag of $200 million, making it the biggest real estate transaction in California history and the second most expensive home real estate deal in US history. The property was originally listed for $295 million and was designed by Japanese architect Tadao Ando. The all-concrete structure sits on an 8-acre property overlooking Malibu’s Paradise Cove.