Music power couple Jay-Z and Beyonce have raised eyebrows after they made a surprise move on their posh Bel Air mansion in Los Angeles, California.
The couple, who already have a vast property portfolio, have now taken out a new multi-million-dollar mortgage on the luxury property they purchased in 2017.
The move is seriously underpinning their combined borrowing on the house and has raised questions as to why billionaire couple needed to borrow so much when they famously spent money on another record-breaking property just two years ago.
Industry sources are now speculating whether the purchase is a part of some large investment plan or a stealthy change in financial strategy. One thing is sure, this fresh addition is bringing a humongous monthly cost to the couple’s already huge real estate bills.
Jay-Z and Beyoncé, who have Malibu and East Hampton mansions, and a New York penthouse, were always seen as lead figures in the luxury housing market.
