They may be R&B's king and queen, but even a Hollywood royalty to the magnitude of Beyonce and Jay Z's fame and fortune are no match when a real-life billionaire decides to splurge on some cash.

Beyoncé and Jay Z were dying to own an opulent Beverly Hills estate. The deal to purchase their dream home was almost sealed this month, until Swedish billionaire Markus Persson arrived on the scene to outbid the couple.

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Persson, who was the genius behind the video game Minecraft decided to spend US$70 million to outbid the Hollywood couple, making now the proud owner of the mansion in 90210.

The 35-year-old enjoyed a hefty paycheck after selling his company, Mojang, to Microsoft for a whopping US$2.5 billion.

Persson's purchase is so far the highest-paid amount to any home in Beverly Hills.

The mansion sits on a 23,00 sq feet property and comes with a garage that could accommodate 16 vehicle, a fully furnished eight bedrooms and 15 bathrooms with lush Toto Neorest toilets that come at US$5,600 each. The mansion also boasts of a 24-sitter, 18-foot onyx dining room table with Roberto Cavalli place settings for US$3,700 each.

TMZ reveals that the celebrity couple had been keeping their eyes on the home and were already "the frontrunners in a bidding war." They have already visited the site six times.

Real estate agent Branden Williams received four offers for the estate and it was expected that the bid would be awarded to Beyonce and Jay Z come Christmas time.

However, Persson came and a lightning-fast deal happened, sealing the negotionas after six days real estate brokers John Aaroe Group revealed.

TagsBeyonce, Jay-z, Beyonce and Jay Z, markus persson