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Beyoncé and Jay-Z Pay $200 Million cash to buy Malibu Mansion: Reports

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Star couple Jay-Z and Beyonce Knowles purchased their $200 million mansion with cash. They recently splurged on a 30,000 sq ft abode in Malibu from art collector William Bell, and insiders have told TMZ they don't have a mortgage on the property, reports aceshowbiz.com. It was revealed last week that the property deal was the most expensive home in the state of California,