Jay-Z and Beyonce reportedly first purchased their mansion in Bel Air for a whopping $88 million back in 2017.
It goes without saying that Jay-Z and Beyonce know what they’re doing when it comes to cash. According to Daily Mail, however, they recently made a curious financial move that’s raised eyebrows among fans.
Reportedly, they’ve taken out a a $57.75 million mortgage on their mansion in Bel Air. This brings their total borrowing on the property to $110 million. They first purchased the property in 2017 for $88 million. They kept it when they decided to buy another California home for $200 million in 2023.
Now, they have another 30-year loan with a five percent interst rate for the first ten years. This makes their monthly payment roughly $310,000. They took out a 30-year mortgage for $52.8 million with Goldman Sachs at a 3.15 percent rate in 2021, and those payments come out to $226,901 per month.
Beyonce “Cowboy Carter” Tour
June 5, 2019; Oakland, CA, USA; Recording artist Jay-Z and Beyonce during the second quarter in game three of the 2019 NBA Finals between the Golden State Warriors and the Toronto Raptors at Oracle Arena. The Raptors defeated the Warriors 123-109 to lead the series 2-1. Kyle Terada / USA TODAY NETWORK via Imagn Images
Reportedly, Jay-Z and Beyonce are also paying a staggering $100,343 per month in property taxes for their Bel Air home, on top of the cost of staff and maintenance. The home boasts 11 bedrooms, four pools, a spa, media room, a wellness center, and more. It was designed by Dean McKillen and is made up of six interconnected structures.
News of Beyonce and Jay-Z’s latest mortgage comes at the tail end of the songstress’ “Cowboy Carter” world tour, which she kicked off in April of this year. The tour is expected to conclude this weekend with shows in Las Vegas on July 26 and 27. So far, she’s brought the record-breaking tour to cities like Chicago, Paris, London, Atlanta, Los Angeles, and more.
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