Cyrus Langhorne
Music moguls JAY-Z and Beyoncé are living true royalty in La La Land. The duo have reportedly dropped nearly $90 million on an amazing Los Angeles crib.
According to reports, JAY and Bey are now official residents of an LA-area dream home.
The rapper/hip-hop magnate and his superstar wife, through blind trusts, paid $88 million for the sprawling contemporary estate, public records now show. Also revealed in the records is that the couple is carrying a mortgage amount of $52.8 million. Plug that into any mortgage rate calculator (we happened to used Google’s search-based calculator) and that amounts to 30 years of monthly payments at $252,075 based on an interest rate of 4%. (Los Angeles Times)
A few days ago, buzz developed over Bey and JAY-Z possibly securing a $90 million Los Angeles mansion.
The “will they or won’t they” debate is over: Jay-Z and Beyonce have finally bought a home in L.A. Sources not authorized to publicly comment on the sale have confirmed that the rapper/hip-hop magnate and his superstar wife have closed on a modern mansion in Bel-Air. The purchase price is said to be $90 million, though the sale has not yet been recorded in the public record. (LA Times)
Earlier this month, Queen Bey gave rap star Kendrick Lamar some unexpected love.
Recently, Bey put some respect on vintage sports apparel company FILA’s name.
