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Money bags! Kim and Kanye West splash $20 million on new home

Power couple – Kim and Kanye West – have reportedly splashed a staggering $20 million on a new home in the Hidden Hills area of Los Angeles – near the home of Kim’s mum – Kris Jenner.

The posh home was previously owned by Lisa Marie Presley – the daughter of the legendary Elvis Presley – and the pair fell in love with it a few months ago; they are believed to have sold their Bel Air Mansion.

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Today’s major headlines (Thursday, August 7, 2014)