Oakley Founder Breaks JAY-Z and Beyoncé’s California Real Estate Record with $210 Million Sale

Oakley founder James Jannard has shattered JAY-Z and Beyoncé’s California real estate record with the jaw-dropping sale of his Malibu mansion for a staggering $210 million. This sale surpasses the $200 million the music power couple spent on their own Malibu estate just last year.

Jannard, who purchased the mansion for $75 million in 2012, has owned the luxurious property for over a decade. The mansion boasts eight bedrooms, 14 bathrooms, and sits on 9.5 acres of land with 300 feet of ocean frontage, making it one of the most opulent homes in the U.S.

This isn’t the first time JAY-Z and Beyoncé have made headlines with their real estate purchases. In 2017, they acquired an $88 million Bel-Air mansion with a $52.8 million mortgage, making monthly payments of $252,075 over 30 years. Their Bel-Air estate features a full-sized basketball court, four outdoor swimming pools, a spa, and staff quarters across a two-acre estate.

The couple’s Malibu property now holds the title for the largest purchase in Los Angeles County, surpassing David Geffen’s $85 million Malibu acquisition earlier this year. Additionally, JAY-Z and Beyoncé have been splurging on luxury vehicles, including the world’s most expensive car – a $28 million Rolls-Royce Boat Tail convertible.

With their lavish real estate portfolio and extravagant purchases, JAY-Z and Beyoncé continue to solidify their status as one of the wealthiest and most influential couples in the entertainment industry.