JAY-Z and Beyoncé have finally settled on a home large enough for the whole family and are now officially Los Angeles residents.
The power couple purchased their $88 million Bel-Air mansion with a mortgage amount of $52.8 million. According to the Los Angeles Times, that amounts to mortgage payments totaling $252,075 per month over 30 years, assuming the interest rate is four percent.
The luxury pad boasts 30,000 square feet of living space, a full-sized basketball court, four outdoor swimming pools, a spa and staff quarters across a two-acre estate.
The two finally landed their home after continuously getting outbid over the past three years. While on the hunt, they rented out an L.A. mansion for $150,000 a month.
Now, their million dollar domain trumps David Geffen’s $85 million dollar Malibu purchase earlier this year for the largest purchase in Los Angeles County. It’s the sixth largest sale of a single family home in L.A.
Ask Russel Simmons why affluent Democrats such as Jay Z demand the middle class bear the burden of supporting the poor instead of donating a portion of their own vast wealth to philanthropic causes.
Jay DOES donate a LOT, he just doesn’t put it out on front street to brag about it.
Are you Jay’s accountant like I’m the accountant for Cash Money? Otherwise, I’m not sure how you’d be privy to his philanthropic endeavors.
Wtf cares asshole worry about ya own money
How much have you donated of your own money to the poor?
Wow!!! A whole two acres!!! Impressive.
Umm, this is LA, not Wyoming.. 2 acres is a lot in LA
Two acres is two acres anywhere on God’s green earth and there isn’t a house in the world worth $88 mil you idiot.
I agree lmao 2 acres? I got that north of town with my house on it and it and the property are worth $725,000 with modest upgrades 3750 sq ft and a 20X40 shop for storage of toys tools and seasonal shit… any dumbass celebrity willing to pay that for a house is just dumb they build bank buildings for less and those actualy generate money and lots of it its just a staus symbol so they can say they were the dumbest and most frivilous with their money its just funny to me
I totally agree with you on this one!!!! What the fuck???? Some things are just dumb and I can not, in good mind, cosign such asinine bullshit………
I can co sign spend your money how you want if you got it i dont care how you go broke… but its when you sit and try and speak for the lesser fortunate than yourselfs and try sd be advocates for others in life to take sacrifices and give yet you spend $88M on a mansion which is just stupid
Yeah, it’s their right to spend their money as they please. Agreed, but shit…..
Totally agree with you sir. I’m like sure its nice to have money and spend it on things but this is not a wise investment. Not to mention these two keep thinking they are going to be on top of the music industry forever. Artist keep spending way too much money thinking their tours and albums are always going to sell out. But hey what do you or I know.
Great…
Ok back to the music
Whoopdy fucking doo!
Only King HOV and Queen BEY can buy property for $88 million and not feel Dumbo. Ask Russell Simmons why broke ass Nas keeps missing out on luxurious 5-cent cardboard boxes to live in.
Man i pray for the day you shoot yourself
another win for the queen and the king of the black community right? also the biggest pushers of satanism
hahahahahahahaha “satanism” Oh man thats funny. Everyone knows there is no god. sit down
Man you sound like a retarded little 13 year old who cuts their wrists and listens to marylin manson
Ooo let us poor people on hiphopdx get in line to buy it.
This is when the end begins
some1 tell Eminem that this is what we call a mansion not that shit he tryna sell in Michigen
Yep a house worth more than most people make in their entire lifes and still talk about real world problems and inequality? God damn society is fucking stupid ever wonder why shits so unfair expensive and fucked up?
So they can’t talk about real problems and inequality because their wealthy, I don’t see the logic in your comment. The world the way it is because of the selfish people and politics that consumes it. I’m motivated to do better when I see other people doing good especially people of my race.
Most people won’t make 3 or 4 million their entire lives, let alone 88 million.
wonder who gets it when they get a divorce
As a punishment for their greed, I hear by Curse Jay-Z and Beyonce and have conducted a ritual to ensure one of them will be murdered in this house. This hex cannot be lifted.
Ur an idiot and a moron
While I don’t agree with the original post, I like to point out that your comment is full or irony. Saying someone is an “idiot and a moron” is like saying for example, that a car is “slow and not fast”. Also using “ur” in place of “you’re” proves that you have low intelligence. What all this means is you are the one who is a complete idiot.
You said or instead of “of”. So you are also a complete idiot.
A house is not an asset…dumbo!
uhhh……yes, it is. A house is real estate. Real estate is one of the best possible assets you can buy as they aren’t making more land. Real estate typically goes up in value over time.
am broke as hell aint need to lie..i got 6 dollars on my name right now..damn world so unfair.and my boyfriend left me for another girl now he bought her gifts..someone give me a ski mask,and now couples sumwhere buying 88 million dollar house???????????
get off the soapbox, WE ALL spend money on sumthin that someone else deems stupid/inappropriate
Meanwhile Warren Buffett in the same house he’s owned for 50 years. And Mark Zuckerberg spent $7 mil on his first house then 43 mil on the surrounding houses. And the dude who became a billionaire off Snapchat was living in his dads guesthouse when he became such. Moral of the story? Emulate the behavior of these people and worry not about celebrities. People in these comments always say the same shit. Fuck Queensbridge always comes in and dickrides and then someone else mentions how broke everyone else is compared to ‘QueenBey and King Jay.’ Dude they were broke too. Both of them. If you devote yourself to something long enough you will see the results. Y’all gotta stop letting two puppets divide you from seeing the fact their wealth is insignificant compared to the combined net worth of the 3 white men I named. They bought a 90 million dollar house and have a combined net worth of 1.5 billion and a man worth 70 billion bought houses for less money. So who made the righ decision?
bruh how can we answer that ? now, could the home ALSO be an investment, I understand the road you goin down though… RESPECT