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Beyoncé and Jay-Z have reportedly taken out a second mortgage worth $57 million on their mansion in Bel Air, California. The Daily Mail reports that the total borrowing on the property, which they bought in 2018, has now reached $110 million.
The couple who started dating in 2000, got married in 2008 and currently have three kids together. Since the time they have been together, they have purchased at least four different houses, including two houses in California, and one each in East Hampton and Malibu.
Their most recent purchase was the Malibu mansion, made in May 2023. At the time, it was the most expensive purchase in California estate records at around $200 million. However, they reportedly consider the Bel Air mansion as their home.
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More about Jay-Z and Beyoncé's new mortgage on the Bel Air mansion
Jay-Z and Beyoncé bought the mansion in Bel Air for $88 million in 2018. They stay there due to multiple factors, including the proximity to the school their three kids go to.
However, as per The Daily Mail, they have taken a new 30-year loan from Morgan Stanley for the mansion. They will pay an interest rate of five per cent for the first 10 years, equalling around $310,000 per month. They also took a $52.18 million mortgage four years ago at a 3.15 per cent interest rate, equalling around $226,901 per month.
Moreover, they also have to pay the property tax additionally, which is $1,204,120 from 2024 to 2025. Hence, the couple is paying around $637,244 per month in mortgage and property tax for their Bel Air mansion, according to reports. Added to it are the staff and maintenance costs.
The Bel Air mansion is a 30,000-square-foot ultra-modern estate with eight bedrooms and 11 bathrooms, designed by Dean McKillen. It also features four outdoor swimming pools, a spa, a wellness center, a media room, multiple outdoor entertaining areas, a 15-car garage, a full-sized basketball court, and staff quarters. All these sit on six interconnected structures.
More about Jay-Z and Beyoncé's other houses
In 2004, Jay-Z bought a penthouse on Hudson Street in Manhattan for $6.85 million (via Robb Report). It is an 8,300-square-foot property with a 3,000-square-foot terrace.
Notably, the rapper got married to Beyoncé in this very property in 2008, with around 40 guests in attendance. The building has had some other big-name residents as well, including Justin and Hailey Bieber.
In August 2017, Jay-Z and Beyoncé purchased a 12,000-square-foot estate in East Hampton, called Pond House, for around $26 million. It has seven bedrooms and overlooks the beautiful Georgica Pond. It also features a 1,800-square-foot guesthouse, a 45-foot infinity pool, and some architectural details like hand-carved heated marble bathtubs and 18th-century French fireplaces.
In 2018, the couple bought their Bel Air mansion before buying the mansion in Paradise Cove in Malibu in 2023. It overlooks the Pacific Ocean and sits on around an eight-acre area.
Spread over around 40,000 square feet, architect Tadao Ando designed the property which took around 15 years to complete. It boasts of seven bedrooms and 11 bathrooms along with an infinity pool, a vast backyard, and more.
The four houses owned by the couple thus include:
- Penthouse in Manhattan
- Pond House in East Hampton
- Mansion in Bel Air
- Mansion in Malibu
