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Fortune

Chloe Taylor

Beyoncé and Jay-Z's $200 million Malibu mansion isn't just California's most expensive house ever. They reportedly paid in cash—and got a bargain.

Beyoncé United States Malibu JayZ California Anthony Barcelo Kanye West Tadao Ando TMZ

(Credit: Kevin Mazur—Getty Images for Global Citizen Festival: Mandela 100)

Superstar couple Beyoncé and Jay-Z smashed a real estate record with the purchase of their new Malibu home.

Entertainment news outlet TMZ reported on Friday that the music icons had paid $200 million for a 40,000-square-foot property in the Paradise Cove area, citing sources in the real estate industry.

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