June 27, 2016 | Updated at 01:58 PM EDT The Latest Entertainment & Celebrity News

Beyonce Buys Cher's House, $45 Million Malibu Mansion for Blue Ivy & Jay-Z (PHOTOS)

Beyonce lived up to her nickname "Queen Bey" and purchased a massive home fit enough for royalty from another diva. See the photos

By Sonya Magett, EnStars on May 10, 2013 01:20 PM EDT
Tag :   Beyonce
facebook tweet this pin it reddit plus
Sign Up for Newsletter
Beyonce
Beyonce (Photo : H&M)

Beyonce lived up to her nickname "Queen Bey" and purchased a massive home fit enough for royalty from another diva.

The 31-year-old bought a $45 million mansion located in Malibu from legendary singer Cher.

The Academy Award-winning singer and actress first put the lavish home on the market in 2008 but shortly after decided she wasn't ready to part ways with the luxurious pad. Cher put the home in the real estate market agan in March and the Halo singer quickly snatched it up, according to Hollyscoop.

The Malibu mansion is situated on top of a hill that oversees the Pacific Ocean. The 13,126 square-feet home reportedly has seven bedrooms, nine bathrooms, a gym, theater, tennis court, pool and an adjacent guest house.

See the aerial photos of Beyonce's new Malibu mansion here 

Enstars reported that 2012 was such a successful fiscal year for Beyonce due to her several mega deals, including the $50 million Pepsi partnership. With her success she decided to spoil someone other than her daughter Blue Ivy Carter and her husband, Jay-Z.

The Grammy-winner bought her mother, Tina Knowles, a lavish mansion in their native city of Houston in January for $5.9 million. The sale price is considered a steal as the original asking price was nearly four times more that the price she is paying for it. Three years ago it was up for grabs for $20 million. The palatial home is located in Houston's prestigious Piney Point village area and contains six bedrooms and 16 bathrooms. 

Forbes ranked Beyonce No. 32 in their Power Women List and No. 16 on their Celebrity 100 list. According to Forbes, the Houston native earned $40 million between the summer of 2011 and the summer of 2012, and this was before she struck her $50 million deal with Pepsi.

© 2016 Enstarz, All rights reserved. Do not reproduce without permission.

  • SEARCH ENSTARS

Latest News

Dancing with the Stars

Len Goodman Signs Big New Deal to Return to Dancing With the Stars?

Len Goodman has reportedly inked a new deal to return to 'DWTS' for another season.

Julian makes a shocking decision on the June 27, 2016 episode of 'General Hospital'

General Hospital (GH) Spoilers: Julian Considers A Shocking Act Against Alexis

Julian toys with the idea of eliminating Alexis from the picture to protect himself

Linda Cardellini

Bloodline Star Linda Cardellini Felt 'Anxiety' On Set During Season 2?

Linda Cardellini did not feel as much of a sense of family community on set during this season of 'Bloodline'.

Katie confronts Brooke and Bill on the June 27, 2016 episode of 'The Bold and the Beautiful'

Bold and the Beautiful (B&B) Spoilers: Katie Confronts Brooke & Bill About Their Latest Betrayal

Katie realizes that Brooke and Bill are hiding something from her and becomes more determined to find out what it is

Dakota Johnson

Are Dakota Johnson & Amelia Warner Friends Now?

Dakota Johnson was spotted meeting up with British actress Amelia Warner for a sushi date in Vancouver, Canada over the weekend.

Real Time Analytics