Jay-Z and Beyoncé are keeping their $100 million Bel-Air mansion despite their recent $200 million purchase of a lavish Malibu estate, according to sources close to the couple.
The Malibu property will serve as a weekend retreat for now, while the Bel-Air home remains their primary residence due to its proximity to their children’s schools and friends.
Although Jay-Z has expressed a desire to eventually move the family to the Malibu estate permanently, it is unclear whether they plan to sell the Bel-Air property.
Also read: Beyoncé and Jay-Z spend $200 million for a Malibu property, establishing a California record
The couple made headlines with their record-breaking purchase of the 30,000-square-foot mansion, located on 8 acres in the prestigious Paradise Cove area.
The previous owner, William Bell, known for his extensive art collection valued at $1 billion, will not be leaving his artworks behind, but one might speculate if Jay-Z and Beyoncé managed to negotiate any artistic additions during the deal.