Superstar Pair Is Now Paying Over $637,000 per Month in Mortgage and Taxes
Music power couple Beyoncé and Jay-Z have taken out a new $57.75 million mortgage on their Bel Air estate, bringing their total borrowing on the property to approximately $110.5 million, despite a combined estimated net worth of $3 billion, according to The Daily Mail.
The 30-year loan, issued by Morgan Stanley Private Bank, adds to an earlier $52.8 million mortgage the couple secured in 2019 from Goldman Sachs at an interest rate of 3.15%. The new loan carries a five percent interest rate for the first decade. Monthly payments on both loans now total more than $526,000.
Property tax obligations further inflate the cost of maintaining the estate, with more than $1.2 million owed annually to Los Angeles County—about $100,000 each month. Combined with mortgage payments, the couple is spending roughly $637,000 monthly on the Bel Air mansion alone, according to public records.
The Bel Air residence, purchased by the Carters in 2017 for $88 million, spans six structures across two acres. The sprawling, glass-walled compound includes eight bedrooms, 11 bathrooms, four outdoor pools, a spa and wellness center, a full-sized basketball court, a 15-car garage, staff quarters, and panoramic city views. The estate is also of personal significance—it hosted the couple’s private wedding in 2008.
Despite their recent $200 million all-cash purchase of a cliffside mansion in Malibu—the most expensive residential sale in California history—the pair opted to retain the Bel Air property, further increasing their monthly financial footprint in Los Angeles County.
The Malibu estate, previously owned by soap opera mogul William Bell, features seven bedrooms, 11 bathrooms, and four pools, including an infinity pool perched dramatically over the Pacific Ocean. The Carters also own the Pond House in East Hampton, New York, valued at $26 million, which includes seven bedrooms, marble soaking tubs, and more than 200 feet of waterfront.
