The outlet went on to claim that the luxurious property overlooks the Pacific Ocean in an area known as Billionaires Row and claimed that it was designed by Tadao Ando, who is also behind the plush pad currently being built for Kim Kardashian’s ex-husband Kanye West, and the couple bought the mansion from art collector William Bell.
The outlet contacted representatives of the power couple and the retailers for comment, but did not hear back.
The Crazy In Love hitmaker - who is currently on her playing stadiums around the globe as part of her Renaissance World Tour - is also thought to own a Bel-Air mansion with her husband, which they reported bought in 2017 for $88 million ($139m) and are said to have increased the value to more than $100 million ($159m) these days.
That same year, the couple - who have Blue Ivy, 11, and five-year-old twins Sir and Rumi together - purchased a 12,000-square-foot (1115sq m) mansion in the Hamptons with a price tag of $26 million ($41.3m).