Jay-Z and Beyoncé Purchase Record Setting $200 Million on Malibu mansion

Jay-Z and Beyoncé just set a California price record by purchasing a $200 million lavish concrete compound estate overlooking the ocean in Malibu, according to TMZ.

The hip-hop power couple stole the record from their new neighbor, billionaire venture capitalist Marc Andreessen, who paid $177 million for the home right next door in 2021.

The estate is a minimalist masterpiece, a modern concoction of concrete and glass envisioned by art collector William Bell, who bought the property for $14.5 million in 2003. For the design, he brought in Japanese architect Tadao Ando, a Pritzker Prize winner responsible for impressive concrete structures across Asia, Europe and North America.

Photos are scarce, as the house never hit the market. Instead, it was quietly offered at $295 million as a pocket listing and only shown to a select group of qualified buyers Los Angeles Times reports.

The mega-mansion spans nearly 40,000 square feet and required 7,645 cubic yards of concrete, according to Morley Construction Co., the project’s contractor.

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