JAY-Z & Beyoncé Buy Bel-Air Mansion For $88 Million

JAY-Z and Beyonce have bought an $88-million Bel-Air mansion with 30,000 square feet of living space, a spa, a media room, four outdoor swimming pools, a full-sized basketball court and more.

The property is the power couple's first Los Angeles home and marks the highest-selling transaction of 2017 in Los Angeles County, topping David Geffen's $85 million Malibu home he bought in May, the Los Angeles Times reports.

Public records show that the Carters paid for the sprawling estate through blind trusts and have built up a mortgage of around $52.8 million, the newspaper reports. According to Google's mortgage rate calculator, the couple will be making monthly payments of $252,075 for the next 30 years at the common interest rate of 4 percent.

According to Forbes, the couple has a combined net worth of $1.16 billion.

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