Coastal Mansion Worth 250 Billion Won... Pop Star Couple Buys House More Expensive Than Amazon Founder

Malibu Beach Mansion Purchased for Approximately 250 Billion KRW
Couple's Net Worth at Least Over 3 Trillion KRW
House Designed by Japanese Architect Tadao Ando

Pop stars Beyonc? and Jay-Z became the individuals who purchased the most expensive home in the United States last year. On the 2nd, The Wall Street Journal (WSJ) reported that there were at least five transactions involving homes priced over $100 million (131.1 billion KRW) in the U.S. in 2023. Among them, the highest-priced purchase was made by the Beyonc?-Jay-Z couple. The couple bought a mansion on the Malibu beach, northwest of Los Angeles (LA), California, for $190 million (249.1 billion KRW) last year.

Beyonc? and Jay-Z couple
[Photo by Beyonc? Official Website]

This 3,902㎡ mansion built on a coastal cliff was originally commissioned by art collectors Maria and Bill Bell, and was designed by the famous Japanese architect Tadao Ando. It is known that it took 12 years to complete. WSJ analyzed that the transaction price of this mansion solidified Tadao Ando’s cult popularity among American celebrities and set a new record for the highest-priced home in California history.

The number of transactions over $100 million last year decreased compared to seven in 2022

This 3,902㎡ mansion built on a coastal cliff was originally commissioned by art collectors Maria-Bill Bell and designed by the famous Japanese architect Tadao Ando. It is known to have taken 12 years to complete.
[Photo by The Guardian]

The ultra-high-priced homes traded last year within the top 10 included locations such as Palm Beach, Florida (2 cases), Greenwich and Darien in Connecticut, Southampton and East Hampton in New York State, New York City, and Aspen in Colorado.

In particular, Florida saw continued inflow of billionaires, leading to large transactions last year. Among them was Jeff Bezos, founder of Amazon. In October last year, Bezos purchased a mansion in Indian Creek Village, Miami, Florida, for $79 million (103.5 billion KRW).

Although the U.S. housing market faced overall difficulties last year due to inflation and high mortgage rates, WSJ analyzed that wealthy individuals with abundant cash continued to grow the ultra-high-end housing sector. However, the number of transactions over $100 million slightly decreased compared to seven in 2022, and transactions over $50 million were at least 33, down from 44 in 2022.

Meanwhile, the net worth of the Beyonc?-Jay-Z couple, who bought the most expensive home in the U.S., is at least 3 trillion KRW. In August last year, the financial support site 'New Trader U' surveyed the world’s wealthiest rappers and found that Jay-Z’s net worth alone reached $2.5 billion (about 3 trillion KRW). Adding Beyonc?’s assets, which were estimated at $426 million as of 2022, the couple’s combined wealth is believed to be much higher.

This content was produced with the assistance of AI translation services.