Beyonce And Jay-Z’s Monthly Mortgage Might Cost More Than Your Entire House
They’ve got the net worth to pay those bills, bills, bills.
When your estimated net worth is $1.25 billion, it’s safe to say you’re not looking at the typical three-bedroom, two-bathroom homes most Americans are searching for on Trulia and Zillow. You can afford a whole portfolio of dream homes—and that’s exactly what Beyoncé and Jay-Z are doing.
The couple, who have built their wealth well beyond album sales and stadium tours (let’s not forget earnings from Roc Nation, Ivy Park, and Jay’s 10-year deal with Live Nation), recently bought a mansion in California for a whopping $88 million. It was financed with a $52.8 million loan from Goldman Sachs. When you factor in their 3.4 percent fixed interest rate, which becomes variable in 2022 (Editor’s note: Don’t let your eyes glaze over here! These are just the receipts to back up our point!), the couple’s monthly mortgage payments are more than $200,000. Yes, that’s $200,000+ a month, according to The Wall Street Journal‘s estimates.
That’s roughly 134 times the average American’s monthly costs for their mortgage, insurance, and utilities ($1,494). Granted, that number’s based on the Census Bureau’s American Community Survey from 2015, so that number’s likely a bit dated. But even when you look at it another way—um, the median total cost of a home sold, as of July 31, 2018, is $230,800, so less than 2 months’ mortgage at Casa Knowles-Carter—it’s a pricey sum to pay.
