Beyonce and JAY-Z Drop $120 Million On Bel-Air Mansion

Beyonce and Jay-Z

Beyonce and JAY-Z reportedly dropped a whopping $120 million on a swanky new mansion in Bel-Air.

As you may have already know, the most powerful couple in hip hop just gave birth to their twins and have been house hunting in California for the past two years. TMZ reported that they went way over their budget of $80 million to snatch up a home in the exclusive community. The pad has 8 bedrooms, 11 bathrooms, 4 pools, a basketball court, recording studio, spa, paddle tennis court, and sits on 1.86 acres. The 30,000 square feet home was not listed and the asking price was around $130 million.

Some sources say that Beyonce and JAY-Z snatch it up for $120 million while other sources say they paid $90 million. The house is currently in escrow so as soon as the deal is closed then the true amount will be revealed. The developers who bought the property in 2013 tore the old house down and since then embarked on a massive construction of this new home that Beyonce and JAY-Z will be moving into.

Tags: ,