Blue Ivy Carter $200,000 first birthday [VIDEO]

Blue Ivy Carter $200,000 first birthday [VIDEO], Beyonce and Jay-Z spent $200,000 on their daughter's first birthday bash.

The couple - who were named the world's highest paid celebrity duo last year after earning $78 million - reportedly spared no expense on their little girl Blue Ivy Carter's princess-themed party in New York last Monday, during which they presented her with a diamond encrusted Barbie doll worth $80,000.

A source told The Sun newspaper: ''Nothing's been too big or expensive for their little princess. They wanted her first birthday to set the tone for the rest of her life.

''They work hard for their money and the first thing they want to spend it on is their baby girl. Go here for more including video.