Jay-Z and Beyoncé’s newest move has the real estate world buzzing. However, the business-minded power couple has reportedly taken out a $57.75 million loan for their Bel Air mansion. That will add to their growing property portfolio, and they now have 12 properties and some $110 million in borrowing.
The couple initially bought their palatial Bel Air home for $88 million in 2017. It has since served as a setting for multiple headline-making events, both music videos and private family moments. However, in an unexpected move, they took out a $57 million loan in addition to the existing mortgage. With a 30-year loan, the mortgage carries a 5% interest rate for the first ten years, resulting in monthly payments of approximately $310,000.
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In 2023, they acquired another California mansion for $200 million, expanding their empire. But even with a plethora of multimillion-dollar properties, they’ve hung onto their Bel Air estate while also doubling down on new real estate investments. They are a curious financial case. In 2021, Jay-Z and Beyoncé also secured a separate $52.8 million mortgage with Goldman Sachs at an interest rate of 3.15 percent, which comes with monthly payments of $226,901. This indicates that the pair is willing to make long-term financial commitments and has even considered investing in real estate, despite significant monthly expenses.
This move has sparked discussion, and some fans are wondering if the pair’s growing property portfolio could be a result of a business plan. Whether it’s to increase wealth or capitalize on opportunities to double down on their assets, Jay-Z and Beyoncé are definitely making moves to reinforce their status as two of the most influential figures in the music industry and the economy.
