Beyonce and Jay Z keep demonstrating black magic. Not only do they stack number 1 albums and sold-out concerts, but now they have raised the stakes. According to TMZ reports, Beyonce and Jay Z just bought a $200 Million dollar home in LA. What’s more, this home is listed as the most expensive property in California’s history.
The Carters
The Carters are no strangers to breaking records, Beyonce has won more Grammys, 32, than anyone in the history of the Grammys. Her husband Jay Z is arguably the GOAT (the greatest of all time) of rap with an impressive 23 Grammy record of his own. They keep raising the bar of black excellence and black wealth. This new purchase puts them in a whole new enviable category. Unlike the struggling Lakers in the NBA conference finals, the Carters keep winning in the golden state.
The $200 Million Dollar Home
Their new acquisition shatters Marc Andreessen’s former record in California. His $177 million buy in 2021 was also in Malibu. Their new abode was designed by architect Tadao Ando and measures in at 30,000 square feet, plenty of space for Blue Ivey and her 2 siblings to enjoy. The property was sold by art collector Bill Bell Jr., who is also the heir to a soap opera fortune. He is the son of the creators of The Young and the Restless and The Bold and the Beautiful. It reportedly took Bell over a decade and a half to finish construction on the concrete property.
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The How
For us mere mortals, a $200 million dollar price tag seems unbelievable. But for Jay-Z, this a purchase amounting to less than 10% of his total net worth of $2.5B. Beyonce who just started her highly anticipated Renaissance 57 tour dates, is forecasted to make $2.5 Billion. They are giving new meaning to Jay Z lyrics from Pusha T’s 2022 song Neck & Wrist, “I put your mansion on my wall, are you shittin’ me? I blew bird money, y’all talkin’ Twitter feed”.
Giving Back
The Carters keep demonstrating black excellence, raising the game, and redefining what is possible. Not only are they creating generational wealth with their talents and business savvy but they are committed to giving back. Between Jay Z’s Shawn Carter Foundation and Beyonce’s BEYGOOD Foundation, they give millions of dollars to uplifting their communities and creating social equity.
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