Jay-Z and Beyoncé, well-known celebrity couple, have reportedly purchased a luxurious mansion in Malibu, California using all-cash funds.
According to TMZ report, the property is said to have cost a whopping $200 million, setting a new record for the most expensive home ever purchased in California.
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It also ranks as the second most expensive in the history of US real estate, with a New York City apartment sale previously topping the list at $238 million.
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