Jay-Z and Beyoncé, who originally purchased their Bel Air mansion in 2017 for $88 million, have reportedly taken out a new $57.75 million mortgage on the property. This adds to a previous mortgage, bringing the total amount borrowed on the home to $110 million. Despite buying another home in California for $200 million in 2023, they chose to keep the Bel Air residence.
The couple’s new 30-year loan includes a five percent interest rate for the first ten years, resulting in monthly payments of around $310,000. In 2021, they secured a separate 30-year mortgage for $52.8 million with Goldman Sachs at a 3.15 percent rate, with payments of approximately $226,901 each month.
In addition to mortgage costs, they are said to be paying about $100,343 monthly in property taxes. The Bel Air mansion, designed by Dean McKillen, includes 11 bedrooms, four pools, a spa, a wellness center, a media room, and more, spread across six connected structures.
News of this mortgage comes near the end of Beyoncé’s “Cowboy Carter” world tour, which began in April. The tour has included stops in cities such as Los Angeles, Atlanta, Chicago, Paris, and London. It is expected to conclude in Las Vegas with final performances on July 26 and 27.
