Even with an empire built on platinum plaques and billion-dollar business moves, Jay-Z and Beyoncé still know how to keep the financial world buzzing.
According to reports from the Daily Mail, the Carters have taken out a $57.75 million mortgage on their lavish Bel-Air estate, raising their total borrowing on the property to a jaw-dropping $110 million. Originally purchased for $88 million in 2017, the home is now subject to a new 30-year loan with a 5% interest rate for the first decade, putting their monthly payment at an estimated $310,000.
That figure is in addition to a previous mortgage from 2021; a $52.8 million loan with Goldman Sachs at a lower 3.15% rate, with payments landing at around $226,901 per month.
On top of that, the couple is reportedly shelling out $100,343 every month in property taxes alone. That doesn’t include what it costs to staff and maintain the estate, which features 11 bedrooms, four pools, a full-service spa, media room, wellness center, and more, all designed by renowned architect Dean McKillen and spread across six interconnected structures.
The timing of this latest financial move comes as Beyoncé wraps up her “Cowboy Carter” world tour, which kicked off in April and has made stops in major cities like Paris, London, Chicago, Atlanta, and L.A. The tour is set to conclude with a pair of shows in Las Vegas on July 26 and 27.
Whether it’s chart-topping records or record-breaking real estate, Hov and Bey continue to show that their portfolio moves just as strong as their music.