We think we may have figured out why Kim Kardashian and Kanye West rejected a multi-million dollar magazine deal for their baby photos this week - they don't need the money. Ok, so you could have guessed that for yourself, but their latest purchase may just put into context just how much combined cash they really have.

The couple - who are expecting their first child together - have just blown $11 million on a swanky mansion. According to TMZ.com, Kim and Kanye are the proud owners of a 10,000-square-foot pad in an exclusive gated community in Bel Air, California. They've actually owned the house for a couple of weeks now and have already called the builders in to develop a 14,000-square-foot dream home. Built in an Italian-style villa, the home boasts a gym, movie theater, full hair and makeup salon, bowling alley, basketball court, indoor and outdoor swimming pool and a baby nursery (probably). The high profile couple will have plenty of celebrity friends to invite round for dinner parties, with Jennifer Aniston, basketball star Chris Paul and entrepreneur Joe Francis living nearby.

It was reported earlier this week that Kim and Kanye turned down $3 million from an overseas tabloid for first dibs on their baby photos. Maybe they're holding out for something closer to the $14 million paid to Brad Pitt and Angelina Jolie for the first snaps of their twins? Only time will tell.

Watch Kim Kardashian Dressed As A Mermaid At The Midori Halloween Party: