Wait, Jay-Z and Beyonce are spending how much a month on their mortgage?

And are we really surprised?

beyonce beverly hills mansion
(Image credit: Getty Images for NARAS)

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.

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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.

Megan C. Hills

Megan is a freelance journalist who covers entertainment and all things lifestyle, with a particular passion for fashion, beauty, travel and Keanu Reeves stories. She has previously worked on staff for titles including Marie Claire UK, CNN Style and The Evening Standard and has written for titles such as Bustle UK, Wallpaper*, Forbes and Hong Kong Tatler. She splits her time between London and her hometown Hong Kong, where she currently lives with the love of her life - an elderly dog named Poppy - and her husband.