Beyoncé and Jay-Z shatter California real estate records with $200 million home purchase.

Wealthy home buyers have specific needs and wants when it comes to purchasing multi-million dollar homes, according to real estate agents. The most expensive home ever sold in California, reportedly purchased by Beyoncé and Jay-Z for $200 million, was designed by Japanese architect Tadao Ando and originally built for an art collector. Wealthy buyers often seek out specific styles of homes, but may settle for less if the price is right. Cash deals are common in this market, and some buyers make permanent deals in secret. These homes may be used for parties, marketing, and events, and are seen as a status symbol that separates the wealthy from others.