Beyoncé and Jay-Z, the richest couple in show business, have just delivered a coup with the acquisition of a new property: it is a vacation home at the top of Paradise Cove, in Malibu, on the who have disbursed 200 million dollars (186.5 in euros), the highest price paid for a home in the history of California and a silver medal in the entire US.
Considering that last January Jay-Z sold its stake in the D’Usse Cognac brand to Bacardi for $750 million, this spectacular mansion can be considered a whim.
Jay-Z, a rapper by profession, is a brilliant businessman who has doubled his fortune since 2019, according to Forbes, which today stands at 2.5 billion dollars, 2,330 measured in euros. After the sale of his shareholding in D’Usse Cognac, he has his own firm, Armand de Brignac, and maintains a strong package in companies such as Block and Uber. Jay-Z is the only hip hop professional on the Forbes billionaires list of 2023. The couple owns a penthouse in New York, a house in the Hamptons and their main residence, a mansion in Bel-Air (Los Angeles).
The house sits on a 3.2-hectare bluff-top lot overlooking the Pacific Ocean and direct access to Malibu’s most photographed beach. occupies 3,700 m2. Its first tenants were Bill and Maria Bell, who became millionaires in the 1970s thanks to endless soap operas like The Young and the Restless and The Bold and the Beautiful. Construction began in 1990, and was completed in 2014.
