Beyonce & Jay-Z’s $400K/ Month Crib & the Cost for Us.
Leave it up to TVST to get the best photos of Jay-Z and Beyoncé’s Hampton Hang out. The power couple is ponying up $400,000 for one Month to chill in this spot for August.
The property is called Sandcastle and it’s located in Bridgehampton. The house is actually currently for sale for a mere $43.5 million.
The house comes complete with everything you would expect a house of that size to have. We have all seen cribs right? So are we really that surprised? The 14 bedroom, 19 bathroom estate sits on 12 acres. It’s fully equipped with an indoor bowling alley, and indoor 60 foot heated pool, virtual golf, a tennis court, and in case Pharell, Lupe or Lil Wayne is visiting it comes complete with a half pipe (for skateboarding).
If Jay-Z is in the mood to get his work out on, there is racquet ball, squash courts and a basketball court with moving walls and a retractable hoop.
HOW ABOUT PAYING DOUBLE THAT?
If you think that the $400k is extravagant, back in 2010, Cheryl Mercuris, a single mom who got rich from direct marketing rented the home for $500,000 for 2 weeks! She did it as a way to vacation while meeting eligible bachelors; she wasn’t having any luck in Florida.
Mercuris said at the time,
There are so many career-oriented people here, unlike the west coast of Florida, which is very quiet and laid-back — not great for someone who is single and raising a child,”
ARE JAY-Z AND BEYONCE BEING WASTEFUL
Absolutely however we need to put it in a perspective that we understand. We are blown away by these huge amounts because we can’t fathom having that type of money, but when your money is making money then it’s never really too much. The amount of land and the amenities Sandcastle offers will allow the couple to relax in privacy without jetting to some foreign island; something that I’m sure they value.
THE LAYMAN’S CALCULATION
You know I love doing this. Let say Jay-Z is worth $460 million, Beyonce is worth $300 Million; so together they are worth $760,000,000. This $400,000 is only .05% of their net worth.
For simplification, let’s assume that you and your wife make $80K each and have a $300K home. With Stocks and bonds you have a net worth of $550,000. That would be like you paying $275.00 to live in this house for a month. You wouldn’t even think twice.
Who said money can’t buy happiness? It definitely wasn’t me.
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