Music’s most renowned power couple has spent their money on a 30,000-square-foot house in Malibu overlooking Paradise Cove.
The couple paid $200 million for their property, making it the most expensive transaction ever for a residence in the West Coast state.
The record for the most expensive property sold in the Golden State traded hands for $177 million when Marc Andreessen acquired it before the Carters rushed in and bought their new home.
Outside of California, the Carters’ latest house acquisition is stunning. When it comes to national real estate acquisitions, the couple’s new home is second only to billionaire Ken Gryphon, who spent $238 million for a penthouse in New York in 2019.
Tadao Ando, a Japanese architect, created the mansion. William Bell, a well-known art collector, used to own the building and spent 15 years refurbishing and rebuilding the concrete mansion.
It is situated on an eight-acre cliff in the Billionaire’s Row neighborhood.
The mansion was marketed for $295 million, indicating that the ‘Break My Soul’ hitmaker and her Roc Nation CEO hubby got a good bargain.
The billionaire couple is apparently planning to preserve their $88 million, two-acre Bel-Air estate, which they purchased in 2017.
It’s great to have choices!
It should come as no surprise that the pair can afford to retain two multi-million dollar houses, given that Beyoncé is worth an estimated $500 million and HOV is worth an estimated $1.3 billion.
Beyoncé revealed another commercial initiative that would extend her portfolio into the field of hair care as her highly anticipated ‘Renaissance Tour’ travels throughout Europe this month.
The singer and actress from Houston expressed her aspirations to carry on her mother’s heritage by developing her own items.
“How many of you knew my first job was sweeping hair in my mama’s salon?” The mother of three captioned an Instagram photo of herself doing her hair.
“Destiny’s Child got its start by performing for clients while they were getting their hair done. I was exposed to so many different kinds of entrepreneurial women in her salon. I saw firsthand how the ways we nurture and celebrate hair can directly impact our souls.
“I watched her heal and be of service to so many women. Having learned so much on my hair journey, I’ve always dreamed of carrying on her legacy. I can’t wait for you to experience what I’ve been creating.”
We can’t wait to see what you’ve got planned, Bey!
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