Reported 3 days ago
Jay-Z and Beyoncé have taken out two mortgages totaling $57.75 million on their $88 million Bel Air mansion, leading to speculation about their financial status. Despite their combined net worth of approximately $3.3 billion, their mortgage decisions align with a financial strategy of borrowing against appreciating assets. By leveraging their wealth through these mortgages at attractive interest rates, they can invest significantly in business ventures while potentially minimizing tax burdens for their heirs. This case highlights how even billionaires utilize strategic debt for wealth management.
Source: YAHOO