Eight years ago Beyoncé & Jay Z purchased a concrete fortress in Bel Air for $90 million [click here if you missed that].
Now the billionaire couple have taken out a $57.7 million mortgage on the property...
From The Daily Mail
Their combined net worth is estimated at $3billion, but Jay-Z and Beyoncé have taken out a $57.75million mortgage on their beloved Bel Air mansion, bringing their total borrowing on the property to a whopping $110million, DailyMail.com as learned.
Given their wealth and their extensive property portfolio of at least four luxury homes, the superstar couple's new 30-year loan from Morgan Stanley Private Bank has raised eyebrows.
They bought the Bel Air mansion for $88million in 2017 and opted to keep it when they purchased what was billed as California's most expensive home in Malibu for $200million cash in 2023.
The two kept the Bel Air property, viewing the estate as 'home', partially due to its proximity to the school attended by their children - Blue Ivy, 13, and twins Rumi and Sir, 8.
But the Houston-born 43-year-old and the Brooklyn-born 55-year-old's decision to hold on to the house has now saddled them with another 30-year loan with an interest rate of five percent for the first ten years - totaling $310,000 a month.
This is coupled with their second 30-year mortgage they took out four years ago for $52.8million with Goldman Sachs at a 3.15 percent rate, with repayments working out at a $226,901-a-month.
They borrowed $52.8million to buy the place and refinanced again in 2021 with Goldman Sachs for the same amount, before adding a further $57.75million borrowing in April this year.
This revelation is more eye-catching as the pair paid nearly $200million for another property in Malibu - in cash.
In March 2023, they stumped up the mammoth amount to buy their Malibu home, which at the time smashed all real estate records in California and was the highest amount paid for a home in the US that year.
The seaside estate is located on an eight-acre bluff that overlooks the Pacific Ocean in the Paradise Cove area nicknamed Billionaires' Row.
32 comments:
At this rate beyonce is going to tour until 70 years old.
This is nothing more than rich folks' financial doings. Took out some cash to invest it and make more money.
12:36 Exactly! Business 101 always use somebody else money, never your own.
This is why she can't sit down and enjoy life. All that money and still gotta leverage. How's Tidal doing? How much is that hair care line bringing in? They got bills like average folk, only 500% higher or more, plus upkeep & maintenance of empty properties, round the clock security, chefs, stylists, entourages, jet fuel, wig carriers, etc etc. They may not ever go broke-broke but a lot of "rich" people do and it still sounds like they made some poor purchasing decisions.
@12:49 - Excellent commentary.
If they knew they couldn't afford that place why they put themselves in debt for it?
These PR firms earn their money. The amount of comments about “this is what rich people do” to gaslight the common sense out of folks is insane. Is Jeff Bezos getting a second mortgage? How about Marc Cuban, Jerry Buss, Hal Steinbrenner (Yankees owner). These are real billionaires, who do not take out mortgages, wake up you’re being lied to.
Thank you 1:20. Just the interest on these mega loans alone would be able to feed starving children or open a new business.
I pray for raymir to find peace…real peace from the confusion.🙏🏽
Their combined net worth is estimated at $3billion.....
CLEARLY this is a LIE!!!
Cats out the bag now..ya'll
These so call "rich" clebs are nothing but Intellectual Property...understand that own NOTHING they have NOTHING and since they worship the devil they are NOTHING!
These monsters are not liquid..
Puppets to influence the masses etc...
When the evil one finally decide to throw J in jail it come out just how BROKE he really is!
Tina Knowles allegedly owns 'nuisance' beach house in Galveston, according to neighbors since hurricane Ike from 2008...Tina can not afford to demolish home unfortunately its damn near in the ocean unlivable now.
Its not Tina's fault but you would think since she supposedly have a billionaire daughter Tina would be able to handle her business. The Galveston county needs to sued Tina to high heaven.
A $57 Million Second Mortgage on their Bel-Air Mansion. I would say, this may very well be the tip, on top of the iceberg,
for the Carters & Company.
In addition Jay -Z claims he was denied a $55 million personal credit line while Roc Nation was passed over for a $115 million loan, adding that he has lost nearly $200 million due to Tony Buzbee
This month Roc Nation CEO Desiree Perez was exposed on a recording from a few years ago released by her daughter Demoree Hadley, saying that Roc Nation was bankrupt, and asked Parent company Live Nation for 40 Million.Live Nation refused to grant the loan.
In addition, Jay Z sold off his stake in several companies. A majority stake in the music streaming service Tidal, and half of his stake in the Armand de Brignac champagne company. As well most recently he demanded 2 Billion from Bacardi in legal docs. According to reports, after they offered him peanuts on the dollar in a Dusse Cognac buy back deal, where appearantly Jay attempted to dump the brand, for quick liquid cash.
Interesting - last year "Billionaire" status gate keeper, Forbes Magazine, declared Kanye as NO longer a Billonaire & proceed to subtract all his losses in a very public fashion. Forbes has been in bed with the Carters for quite some time. Do you think they will add Jay Z to the No Longer a Billionaire list ?
Clearly Jay Z is in some ish because the rich is coming for him and a bunch of republicans. Raymir done crawled back out of the woods, Nicki flapping her gums, Ambulance chaser Attorney and anonymous lying client comes forward, Angela Stanton, Tory Lanez, Bald headed Amber coming for his RN client Megladonist thee stallion, Demoree coming for her mama and RN, Nessa and CK, Kanye…did I miss anyone?
Now I know Jay isn’t some saint, but all these Trump supporters coming for his neck to the point he’s feeling it financially is suspect as hell. And I say HE because Beyonce left him in the past and had him searching for her, which means sis puts a rainy day stash aside and those properties must be tied to him. No woman taking care of the bills is going to leave her property.
Sounds like Beyonce - Has finally STOPPED cutting the checks for Jays slush funds and Billion Dollar Dreams
She has always been the one with the money and status of the Dynamic dou.
Notice how Blu Ivy is recently out front touring and securing deals bringing in money.
Beyonce can not continue to be out here dancing like her hair is on fire on Global tours non stop.
Reality is Beyonce should have retired before Rihanna
Jay the Billionaire Business Man, with all his genius should have secured Beyonce Billions in brand deals, he should NOT be tagging along behind her, on the tour hampster wheel.
Not a good look, at all. Beyonce should be performing once a year like Celine Dion.
The Carter’s seem to spend their money on PR. Paying blogs and publications to plant fake stories to keep them “looking” wealthy. Jay-Z and Beyonce are academic nightmares are we surprised that their finances are fiction. What investment savvy college educated expert wouldn’t see these two coming. Their names are leveraged, that is where the value is just like the Kardashians. If the name gets tarnished enough (happening to the Kardashians right now because relationships fuel their income and none of those girls have a man right now), that money is drying up. This is why Jay-Z does not want a perternity test. His family image won’t stand the scrutiny.
But JZ is the actual billionaire Bey not tho
Jay Z has done plenty for celebs and according to Quest Love, more that we don’t know publicly. All of these crab in the barrel folks got him spending extra for his lawyers to do their job because of ENVY. Jay Z and Beyonce are easy targets because these crabs like Nicki know they will not react publicly and definitely not on social media. It’s not easy being a trump supporter. Look how they’re all trying to come for Jay and RN because they’re in the FAFO phase. To be black, rich and famous will have folks hating big time. Good luck to him!
It's the daily mail.... nothing else needs to be said
You don't tax on debt, this is just a financial strategy. NEXT....
@2:41 I said the same thing too, J got Blue on the stroll and he keeping her check a real Joe Jackson move
@ 4:03 its way more than a financial strategy. (PERIOD)
This is the chickens coming home to roost.
Live Nation knew J could never pay back at money they FRONT him with the 360 deal.
J is a fool and his drugged up wife is even more foolish
I got a taste for grill cheese sandwich or is it a cheese sandwich?
Is Jeff Bezos getting a second mortgage? How about Marc Cuban, Jerry Buss, Hal Steinbrenner (Yankees owner).
🎯 BINGO‼️
The most basic rule in real estate is you never buy the most expensive house on the block. If they refinanced once before in 2021 all that talk about using money for investments is a load of crock. Anyone with common sense about finances knows you typically mortgage properties to pay off debt. It makes no financial sense to use your home as leverage when you still owe that much on it. Sheep fall for anything.
they should be accumulating equity on these properties. the fact that they have to take out a second mortgage speaks volumes. if they had it like that, they would just buy it outright and save on interest instead of begging banks to bail them out. they don't own those properties, the banks do, and they will seize assets to satisfy these loans when and if they default. kewchie popping can only pay for so much.
Sounds like a house of cards to me… Jay and Bolaying high stakes poker with these mortgages. These white folks waiting in the cut to steal their wealth too…
👆🏾Correction: Jay and B playing
It’ll all be gone soon
You all do a fine job of spending someone else's money. Especially when you got no deets.
And what you got besides your nose up the Carter's butt holes?
these two brokeys aint fooling nobody
Rich people use their assets as leverage to take out loans, but the super rich and wealthy don't. They don't accumulate debt and whisper money.
It's obvious that the Carters seem to be in a desperate financial situation. It's one thing for a rich couple to request loans, but they're also being DENIED the loans, which is the bigger problem. Also they keep refinancing the same Malibu property and still have a mortgage on it (about $300,000/month). This has to be paid or the bank will seize it. Do they not have any other assets/properties? They don't have much financial leverage as people think they do, and being denied loans from the bank and Live Nation is quite telling. A $50 million personal credit line? Their lifestyle is expensive--private jets, hotel accommodations, fancy restaurants everyday, and they must also be supporting Mama Tina. Ivy Park, Cecred, Dereon, perfume lines, and other ventures are just not profitable to pay outstanding debts. They owe too much and the tour and businesses are just not cutting it.
Ratty Matty her father said years ago it is all smoke and mirrors.
If they had to liquidate today oh how the mighty would fall.
All that money she supposedly made on the tour and they still need a big azz loan?
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