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2014 Global Citizen Festival In Central Park To End extreme Poverty By 2030 - ShowAccording to TMZ – Jay-Z and Beyoncé will not be living in LA. Apparently they 
were outbid by Markus Persson - the creator of Minecraft - who sealed the deal 
on the home for a whopping $70 million. Close friends of the superstar couple 
say that the duo will no longer be searching for a home in LA because they 
really wanted this one. 

Source - TMZ