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.
It’s possible they’re using the recent mortgage cash for investments that could offset the five percent interest they’re paying, but it still means they’ve borrowed an eye-watering $110.55million
But that’s not all the expenses on the Bel Air homestead.
Adding to the mortgage payments is the not-so-small matter of property tax – $1,204,120 from 2024 to 2025, or roughly $100,343 a month for the Bel Air estate.
Before factoring in staff and maintenance, the couple is already shelling out $637,244 a month in mortgages and property taxes alone.
The lavish estate features eight bedrooms, 11 bathrooms, four outdoor swimming pools, a spa, wellness center, media room, multiple outdoor entertaining areas, 15-car garage, full-sized basketball court and staff quarters.
Designed by developer Dean McKillen, the striking Bel Air compound is composed of six interconnected structures and sits on two acres of land high up in the hills.
The mansions glass-walled common areas offer expansive panoramic views of Los Angeles, and its pocketing glass doors and windows are bulletproof.
