The “will they or won’t they” debate is over: Jay-Z and Beyonce have finally bought a home in L.A.
Sources not authorized to publicly comment on the sale have confirmed that the rapper/hip-hop magnate and his superstar wife have closed on a modern mansion in Bel-Air. The purchase price is said to be $90 million, though the sale has not yet been recorded in the public record.
Completed this year, the sprawling showplace comprises six structures with approximately 30,000 square feet of interior space. Expansive patios and terraces create an additional 10,000 square feet of living space outdoors.
Amenities include spa and wellness facilities, a media room and four outdoor swimming pools. Glass-walled common areas open on two sides to enjoy panoramic views. The pocketing glass doors and windows are bulletproof.
Also within the approximately two-acre compound is a full basketball court and separate staff quarters. There is garage space for 15 vehicles as well as a motor court and an area for staff parking.
The home was developed by Dean McKillen, the son of Irish billionaire and property investor Paddy McKillen, who four years ago purchased the property through a corporate entity for $15 million.
The new development was never publicly offered for sale, but carried an asking price of $135 million, according to real estate sources.
(Robert Gauthier / Los Angeles Times)
When she broke off from Destiny’s Child, she was first featured on Jay-Z’s single “03 Bonnie & Clyde” about a runaway love affair. Later the two collaborated on her “Crazy in Love,” which gave rise to her alter-ego, Sasha Fierce.
“You know we were friends first for a year and a half before we went on any date on the phone for a year and a half,” she told Oprah Winfrey. “And that foundation is so important in a relationship. And just to have someone that you just like is so important and someone that is honest.” (Frank Micelotta / Getty Images / Courtesy)
When Beyoncé appeared on Oprah’s Next Chapter in 2013 to promote her “Life Is but a Dream” documentary, Oprah said: “I remember the first time you were on the Oprah show, I told you, ‘Don’t go around telling people who you’re dating.’ I think you took that all the way. Don’t tell people who you’re dating, but you can tell people who you’re married to, OK?” (People.com / Courtesy)
The music moguls haven’t offered a direct explanation of the name choice but Bey did share a limerick on her website that potentially clarified the choice. They added on “Ivy” because of the significance of the number 4 -- or IV. Both of them were born on the 4th of their respective birth months and the couple was married on April 4, 2008.
A few days after she was born, Jay-Z dedicated the song “Glory” to his daughter and the track featured her cries, so he credited her as “B.I.C.” ( Ed Burke for Beyonce.com / Associated Press / Courtesy)
She later kicked off a Super Bowl press conference in New Orleans belting out the national anthem. She then confirmed her use of the pre-recorded track during the inauguration because she was a “perfectionist,” adding that she “absolutely” planned to sing live during the Super Bowl halftime show. And she did. (Win McNamee / Associated Press / Courtesy)
While promoting the doc, she said “I would not be the woman I am if I did not go home to that man.” (Larry Busacca / Getty Images / Courtesy)
Jay-Z and Beyonce look up at the scoreboard during an NBA game between the Oklahoma City Thunder and the L.A. Clippers in Oklahoma City.(Sue Ogrocki / Associated Press / Courtesy)
“I want to thank God, I mean, a little bit for this award, but also all the universe for conspiring and for putting that beautiful light of a young lady in my life,” the rapper said. Then he tipped his gilded gramophone on it side and added, “I want to tell Blue, ‘Look, Daddy got a gold sippy cup for you!’” (Robert Gauthier / Los Angeles Times / Courtesy)
The purchase finally puts to bed years of rumor and speculation connecting Jay-Z and Beyonce to other luxury homes across Los Angeles’ Westside. Among the couple’s purported misses was L.A.’s “most extreme home,” which sold to Minecraft creator Markus Persson for $70 million, and a modern Holmby Hills estate that they once paid $200,000 to lease for a month.
Once recorded, the $90-million transaction will be the highest this year in Los Angeles County, besting the $85-million sale of David Geffen’s compound in Malibu. It will also tie last year’s sale of storied Owlwood for the third-most expensive historically in the L.A. area.
Jay-Z, whose legal name is Shawn Carter, is considered among the greatest performers in hip-hop, with nearly two dozen Grammy Awards to his name. “Reasonable Doubt,” “The Blueprint” and “The Black Album” are among his many hit records.
Beyoncé Knowles-Carter, winner of 22 Grammys, gained fame as a member of Destiny’s Child before striking out on her own to become one of the world’s best-selling solo artists. Her most recent album, “Lemonade,” has sold more than 2.5 million albums worldwide.
The couple are parents to 5-year-old daughter Blue Ivy, and newborn twins Rumi and Sir. They have a combined net worth of $1.16 billion, according to Forbes.
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