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Jay-Z & Beyoncé's $57 million mortgage sparks broke billionaire buzz — what's really happening?
Jay-Z & Beyoncé's $57 million mortgage sparks broke billionaire buzz — what's really happening?

Economic Times

time8 hours ago

  • Business
  • Economic Times

Jay-Z & Beyoncé's $57 million mortgage sparks broke billionaire buzz — what's really happening?

Jay-Z and Beyoncé, famously known as The Carters, are not only music legends but also successful entrepreneurs, with a combined net worth exceeding $3.3 billion. Through record-breaking tours and award-winning albums to unique business ventures and high-value real estate, they showcase immense wealth, influence, and philanthropy, blending artistic achievements with strategic investments and meaningful social impact. Tired of too many ads? Remove Ads Musical achievements and touring success Business ventures and investments Real estate holdings and lifestyle Tired of too many ads? Remove Ads FAQs: Jay-Z and Beyoncé, popularly known as The Carters, have earned acclaim not just as music legends but also as savvy business moguls. Their partnership is one of the most successful and influential celebrity partnerships in the entertainment industry. Their combined net worth, estimated at over $3.3 billion and Obtained a $57.75 million mortgage on the property this music career is highlighted by albums and record-breaking tours. With 32 Grammy Awards to her name, she ranks among the most decorated artists in music history. Her tours, including the "Formation World Tour," have drawn global audiences and attracted hundreds of millions in revenue. Jay-Z, a 24-time Grammy winner, has similarly received immense success in the music industry, with a string of chart-topping albums and highly lucrative tours. Together, their collaborative tours, such as the "On the Run" series, have grossed over $100 million, highlighting the significant earning power of their joint their music, The Carters have built into various business ventures. Jay-Z founded Roc Nation, a full-service entertainment company for managing artists, athletes, and producers. He also owns the Armand de Brignac champagne brand and holds a stake in the Brooklyn Nets, combining entertainment with high-value investments. Beyoncé has established her own business empire with Ivy Park, a fashion line, and a haircare brand, leveraging endorsements and collaborations that strengthen her financial portfolio. These ventures highlight their ability to transform fame into sustainable wealth and Carters' real estate acquisitions reflect both luxury and strategic planning. In 2017, they acquired a Los Angeles mansion valued at $88 million, financing it with a $52.8 million mortgage. In 2023, they acquired a Malibu compound for $200 million, setting a record for the most expensive home sale in California at the time. These properties illustrate not only their extravagant lifestyle but also an understanding of high-value real estate as part of their wealth their immense wealth, Jay-Z and Beyoncé remain dedicated to philanthropy. They have supported disaster relief, educational programs, and social justice programs, using their platform to foster positive change. Their charitable efforts showcase a commitment to giving back and supporting communities beyond their rapid sphere of fame and influence.A1. Jay-Z is an American rapper, songwriter, and entrepreneur. He has won 24 Grammy Awards and built a successful business empire including Roc Nation, Armand de Brignac champagne, and a stake in the Brooklyn Nets.A2. Beyoncé is an American singer, songwriter, and actress known for her powerful vocals and stage presence. She has won 32 Grammy Awards and runs her own businesses, including the Ivy Park fashion line and a haircare brand.

Jay-Z & Beyoncé's $57 million mortgage sparks broke billionaire buzz — what's really happening?
Jay-Z & Beyoncé's $57 million mortgage sparks broke billionaire buzz — what's really happening?

Time of India

time8 hours ago

  • Business
  • Time of India

Jay-Z & Beyoncé's $57 million mortgage sparks broke billionaire buzz — what's really happening?

Jay-Z and Beyoncé, popularly known as The Carters, have earned acclaim not just as music legends but also as savvy business moguls. Their partnership is one of the most successful and influential celebrity partnerships in the entertainment industry. Their combined net worth, estimated at over $3.3 billion and Obtained a $57.75 million mortgage on the property this April. Musical achievements and touring success Beyoncé's music career is highlighted by albums and record-breaking tours. With 32 Grammy Awards to her name, she ranks among the most decorated artists in music history. Her tours, including the "Formation World Tour," have drawn global audiences and attracted hundreds of millions in revenue. Jay-Z, a 24-time Grammy winner, has similarly received immense success in the music industry, with a string of chart-topping albums and highly lucrative tours. Together, their collaborative tours, such as the "On the Run" series, have grossed over $100 million, highlighting the significant earning power of their joint brand. Business ventures and investments Beyond their music, The Carters have built into various business ventures. Jay-Z founded Roc Nation, a full-service entertainment company for managing artists, athletes, and producers. He also owns the Armand de Brignac champagne brand and holds a stake in the Brooklyn Nets, combining entertainment with high-value investments. Beyoncé has established her own business empire with Ivy Park, a fashion line, and a haircare brand, leveraging endorsements and collaborations that strengthen her financial portfolio. These ventures highlight their ability to transform fame into sustainable wealth and influence. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Kuala Lumpur: SUV Sale, Click Here to See Prices Luxury SUV Deals | Search Ads Search Now Real estate holdings and lifestyle The Carters' real estate acquisitions reflect both luxury and strategic planning. In 2017, they acquired a Los Angeles mansion valued at $88 million, financing it with a $52.8 million mortgage. In 2023, they acquired a Malibu compound for $200 million, setting a record for the most expensive home sale in California at the time. These properties illustrate not only their extravagant lifestyle but also an understanding of high-value real estate as part of their wealth management. Despite their immense wealth, Jay-Z and Beyoncé remain dedicated to philanthropy. They have supported disaster relief, educational programs, and social justice programs, using their platform to foster positive change. Their charitable efforts showcase a commitment to giving back and supporting communities beyond their rapid sphere of fame and influence. Live Events FAQs: Q1. Who is Jay-Z? A1. Jay-Z is an American rapper, songwriter, and entrepreneur. He has won 24 Grammy Awards and built a successful business empire including Roc Nation, Armand de Brignac champagne, and a stake in the Brooklyn Nets. Q2. Who is Beyoncé? A2. Beyoncé is an American singer, songwriter, and actress known for her powerful vocals and stage presence. She has won 32 Grammy Awards and runs her own businesses, including the Ivy Park fashion line and a haircare brand.

Arne Slot celebrating Premier League title at Ibiza club where champagne can cost $10,500 a bottle
Arne Slot celebrating Premier League title at Ibiza club where champagne can cost $10,500 a bottle

Yahoo

time13-05-2025

  • Entertainment
  • Yahoo

Arne Slot celebrating Premier League title at Ibiza club where champagne can cost $10,500 a bottle

Liverpool's players are enjoying a few days off between fixtures, with the Reds not back in action until next Monday's game away to Brighton. Arne Slot's side wrapped up the Premier League title over a fortnight ago, and he and his players have spent a decent amount of time celebrating in the time since. After spending a couple of days celebrating following the title-clinching 5-1 victory over Tottenham, Slot and his players have also taken a few days off ahead of next week's trip to the South Coast. Eight days separate the 2-2 draw with Arsenal and the game against Brighton, and with nothing left to play for this season, Slot decided that he could afford to give his players some more down time. READ MORE: Liverpool star called 'special' by Arne Slot named in England's Under-17 Euros squad READ MORE: Xabi Alonso already issued glowing Jeremie Frimpong verdict amid Liverpool transfer 'talks' Slot himself took the opportunity to head to Ibiza, where he was pictured spending time with Wayne Lineker, the Ocean Beach co-owner and brother of England legend Gary Lineker. Drinks can cost thousands of dollars at the famous Balearic Islands club, with the priciest item on the menu a six-liter bottle of Armand de Brignac brut, which costs €9,500 ($10,500). A 15-liter bottle of Veuve Clicquot Nebuchadnezzar will set customers back €4,900 ($5,450), while a three-liter bottle of Dom Perignon is priced at €3,750 ($4,150). Other outlandishly pricey items — although ones which most people could still stretch to — include a glass of fresh fruit juice, which costs a whopping €10 ($11), and a can of Red Bull, which costs €7 ($8). Wayne Lineker shared a picture of himself alongside Slot, accompanied by the caption "Caption this #ynwa", while he also shared a video of Slot being serenaded to the tune of We Are the Champions by Queen. View this post on Instagram A post shared by Wayne Lineker (@waynelineker) Liverpool's players, meanwhile, are believed to have jetted off to Dubai to spend some time celebrating the title win together. A video circulated on social media showed a number of players on a yacht off the coast of the United Arab Emirates, with the likes of Virgil van Dijk, Alisson and Dominik Szoboszlai clearly identifiable on the boat. Liverpool is winless in its two games since winning the league, after allowing a two-goal lead to slip against Arsenal. Speaking after the game, Arne Slot said of the Reds' failure to close the game out: "Unfortunately, we had 15 to 20 minutes where we played with the same intensity [to the previous weekend at Chelsea, when Liverpool lost 3-1]. It is not completely bad, but I miss a little bit – and the first 15 or 20 minutes of the second half were similar to what we saw last week, where we played really good with the ball, came into so many promising positions but in the final third we were not that decisive. And defending last week, the few goals we conceded were – let's put it positively – not so good. That I saw in the first 15 minutes after half-time, but the first half was great."

Inside World's Largest Crypto Event: Giant Whale Mascots, Zipline Rides
Inside World's Largest Crypto Event: Giant Whale Mascots, Zipline Rides

NDTV

time03-05-2025

  • Business
  • NDTV

Inside World's Largest Crypto Event: Giant Whale Mascots, Zipline Rides

The world's largest crypto event, called Token2049, was held in Dubai at the Madinat Jumeriah Resort from April 30 to May 1. The conference was attended by 15,000 people from more than 160 countries and featured over 200 speakers, including industry leaders, policymakers, and innovators. The event kicked off early with the DJ playing music before 9 am. People were spotted dressed as giant whales in astronaut suits, a playful nod to crypto culture. Some were even dressed in shiny silver tuxedos or suits with Bitcoin logos and cyborg-style sunglasses. There was an event called "Money Rain," in which promoters launched confetti of crypto-printed banknotes into the air. Later in the night, there was a dance party in the desert where VIPS grooved to the peppy beats and enjoyed Armand de Brignac champagne worth $500 (approx. Rs 42,500), reported The Wall Street Journal. Reportedly, the event organiser also handed out free glasses of champagne to people. There was a zipline over the resort's canals for attendees. A camel was also draped in a crypto exchange's logo for people to take photos, the report added. After the event, a parade of Lamborghinis and Ferraris drove guests to an afterparty at Bohemia Beach Club on the Palm Jumeirah. Organisers scattered memecoin-themed banknotes and gave one lucky guest a private experience with a Japanese adult-film star. According to the WSJ, many cities have tried to become the global centre for cryptocurrency. Malta called itself Blockchain Island, Switzerland as Crypto Valley, and Miami as MiamiCoin. But it is Dubai that is currently living up to the hype as big crypto companies like Binance have set up major offices there in recent years. People are making plans to invest in Dubai due to low taxes, a special regulator designed just for crypto, and wealthy investors in the Gulf, reported news agency Reuters. Dubai's Emirates NBD bank launched crypto trading services, and the DMCC announced plans for a new crypto tower by 2027, the report added.

What Happened in Two Days at a Very Wild Crypto Party
What Happened in Two Days at a Very Wild Crypto Party

Wall Street Journal

time03-05-2025

  • Business
  • Wall Street Journal

What Happened in Two Days at a Very Wild Crypto Party

DUBAI — Giant whale mascots dressed in astronaut costumes created a bottleneck by the buffet lunch line. At the 'Money Rain' event, promoters launched confetti of crypto-printed banknotes into the air. At a late-night rave in the desert, VIPs danced with $500 bottles of Armand de Brignac champagne held aloft, lit up with sparklers. The biggest names in crypto and 15,000 of their biggest fans marked a new era of freedom at a madhouse of a conference this past week in Dubai called Token2049. Eric Trump showed up and promised to take down his family's banking foes.

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