And are we really surprised?
Back in June, it was revealed that Beyonce and Jay-Z now have a net worth of over a billion and they’ve certainly been making the most of their money recently. After being outbid numerous times on a new Los Angeles home (well let’s be real, nothing less than a palace would do), they’ve finally made a purchase on a mansion – which also happens to be the highest sale this year in the county.
The reigning first family of the music industry will now be living in a Beverly Hills mansion that cost upwards of £68 million, which is certainly big enough for Blue Ivy and the twins to run around in. Spanning 30,000 square feet with four outdoor swimming pools, an in-house spa, fully sized basketball court and other insane add-ons, it sounds less like a home and more like a village.
The Los Angeles Times revealed that the couple secured a mortgage of £41.1 million, making the purchase the highest this year in LA county as well as the sixth most expensive single family home. According to their estimates, they’ll also be shelling out a monthly mortgage upwards of £196,600 and well, some people around the world buy houses with that kind of money. While it was earlier reported that they were bidding over £93 million on the property, we’re sure they’re ecstatic about the £25 million price difference. Though when you’re that rich, what’s a few million- give or take?
Following the birth of their twins, Beyonce and Jay-Z retreated from the glitz and glamour of Hollywood for a rental mansion in Malibu. The 16,000 square foot residence actually tops their monthly mortgage payments, costing them £312,000 a month.
It’s been a long road for the couple, who previously had their hearts set on buying a £41,340,000 nine bedroom residence. However, they were barely edged out by fashion designer Tom Ford. Prior to that, the creator of Minecraft (yes, that Minecraft) also outbid them on a stunning Los Angeles mansion that boasted an infinity pool with a view over the entire city shown above.