Jay-Z and Beyonce are one of the richest couples in the world with an estimated net worth of a staggering $1.16bn (£1.2bn) according to Forbes, but they’ve got a mortgage just like the rest of us.
The wealthy self-made duo – who welcomed twins Rumi and Sir Carter in July – have finally found a home in Los Angeles after house hunting for two years. Jay-Z and Bey paid $88m (£68m) for their Bel Air mansion where they plan to raise their three children.
The compound boasts six structures with approximately 30,000 square feet of interior space, along with a spacious outdoor area adding another 10,000 square feet, Los Angeles Times reports.
The sprawling mansion also includes spa and wellness facilities, bulletproof windows and four swimming pools among other luxurious amenities, justifying its asking price of $135m (£105m). The deal is one of the biggest real estate transactions in Los Angeles County this year.
It’s the couple’s first LA home and public records show that they paid for the estate through blind trusts and have built up a mortgage of approximately $52.8m (£41m), the newspaper reports.
Google’s mortgage rate calculator concludes that Bey and Jay-Z will be making monthly payments of $252,075 (£196m) for the next 30 years at the common interest rate of 4%.
And it’s not like they can’t keep up with appearances – Beyonce, 35, has amassed a fortune of $350m (£272m) thanks to her hard work and talent, while the total of Jay-Z’s wealth has soared to $810m (£631m).
Beyonce previously told Forbes about her staggering success: “I’m never satisfied. I’ve never met anyone that works harder than me in my industry.”
She and husband Jay-Z – who have been married since 2008 – have earned plenty of cash separately. A lot of the couple’s wealth is tied up in his companies including Roc Nation and Armand de Brignac. The couple also both hold significant equity in Tidal – the streaming service Jay-Z purchased for $56m two years ago. -IBtimes
