Jay Z and Beyonce Buy the Most Expensive Home in California's History...$200,000,000
- Thread starter arnoldwsimmons
- Start date
Agreed. Living the good life on their combined several decades worth of success(es). And they've undoubtedly got other nice homes in their portfolio.
La Jolla's a nice area ... visited there around 1994 - was on a family roadtrip along the westcoast (Oregon, LA, San Diego, La Jolla, Oakland, San Fran).
La Jolla - Wikipedia
WTF is this shit?
They probably have business interests in endeavors you'll never know about, making more money than you'll ever see.
Put that in your excel spreadsheet, you closed-minded simpleton.
I'm sorry that I'm talking about your hero. And thinks for pointing out that accountants need to use a Bill Gates Microsoft Office product which generates an endless amount of money. Now please tell me what does Jay Z have that I have to use or buy?WTF is this shit?
They probably have business interests in endeavors you'll never know about, making more money than you'll ever see.
Put that in your excel spreadsheet, you closed-minded simpleton.
Your engagement on a website inside a thread that involves his name.
That's monetized too, brainiac.
So don't assume you're aware of everything that can or cannot make money. You can't even bring yourself to believe that he has streams of revenue outside music sales.
That's what I'm doing on a Sunday morning......trying to convince dudes that BILLIONAIRES have more than one source of income.
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I don't know Dame.
He should live in part of it, and rent out the other rooms as an AirB&B. He doesn't need all that space for B and the kids. He can make a nice profit, by allowing strangers to stay w/ him and his family. Maybe even dedicate the 2nd half to the homeless and write it off at tax time.
-BGOL Accountant
-BGOL Accountant
bruh, those who have a problem with the purchase are seeing it this way...and i am about to use the same numbers you posted up there to show you
J and B combined net worth 2,000,000,000
Bill Gates net worth 113,000,000,000
Bezos net worth 127,000,000,000
J and B just spent 200,000,000 that's 10 percent of their net worth
Bill Gates house you just mentioned above is 135,000,000 that's 0.119 percent of his net worth
Bezos, (i will use his most expensive purchase, his yacht, a vanity purchase) which cost 500,000,000 that's 0.39 percent of his net worth
The majority of us who have a "problem" with this purchase may not be billionaires but that doesn't mean we are not financially savvy or make sound financial decisions or don't see a risky purchase when we see one. The Carters are smart but that doesn't mean they can't make mistakes. They supposedly paid cash for the house, which is great, and they may know something about the real estate market in that neighborhood which the rest of us don't know (that is maybe they know for sure that it'll appreciate exponentially with time). Time will tell. but right now, right now, just going by the numbers, it doesn't seem like a wise purchase. Just constructive criticism is all.
This is the kind of stuff people buy when they have too much money and can't find a place to put it. 200M???
I remember Dr. Dre setting up a school for audio/music on USC's campus, that will promote the musical arts. To me, when you get this type of money, this is the kind of shit you should be doing. I know that everyone is different though.
Those huge houses are usually party houses. It's rare that the buyers will live in them. If you have a house where you have to ride a scooter inside of it in order to reach all of the rooms... you're doing too much.
A house is a building. It's the people who make homely. I don't know if they could make that place cozy or homely. More power to them though.
I remember Dr. Dre setting up a school for audio/music on USC's campus, that will promote the musical arts. To me, when you get this type of money, this is the kind of shit you should be doing. I know that everyone is different though.
Those huge houses are usually party houses. It's rare that the buyers will live in them. If you have a house where you have to ride a scooter inside of it in order to reach all of the rooms... you're doing too much.
A house is a building. It's the people who make homely. I don't know if they could make that place cozy or homely. More power to them though.
I hear you but...
Generally speaking...
A person purchasing a 200k house usually doesn't have 2 million dollars and can't buy that house in cash.
A person purchasing a 500k house doesn't have 5 million dollars and can't buy that house in cash.
Shall I go on?
Yes 200 million dollars is a lot of money and a chunk of their wealth, and yes Bezos and Gates have MUCH more money! But it's a house\investment for Jay and look.
Beyoncé Giselle Knowles-Carter — also known as Queen Bey — could clear nearly $2.1 billion from her “Renaissance” World Tour — some $500 million more than the $1.6 billion Taylor Swift could earn from “Eras.”
https://www.forbes.com/sites/peterc...uld-outearn-taylor-swift-eras-by-600-million/
I know people flying around the world to see Beyonce concerts because they sold out in the states so quickly - airlines, hotels, cities are gearing up for the influx of people coming into cities around the world on this tour. The only person at her level is Taylor and they have different demographics with some small commonalities. But the Bey-hive is real
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Note to self if I become a billionaire: live in the hood. Don't buy anything that others in the world can't afford. Give back 90% of what I make to the community so we can all be equal. Make sure I get the opinion of everyone on social media before making any purchases. Assure everyone that I can afford whatever it is that I'm buying. Keep receipts on hand in case anyone wants to look further into the Financials. Got it.
Wait until you hear what they have to say about your clothes, haircut, food choices and women.
You might just stay in the house.
You’re right.
here is an overly simplified conservative scenario I've seen
loan 1 -using assets (stock options, bonds etc) as collateral borrow the full price of house + closing and other costs
-use loan to buy the house
loan 2 -then take out a mortgage on the house for 35% to 50% of its existing value
invest the money in index fund mutual fund etc
+$100 million invested should return annually between 12 to 17%
not including appreciating property value and tax benefits
within 10 years the investment alone will far exceed debt of both loans and the expenses
You should reach out to their team and see if you can become their billionaire advisor.
They probably will go broke if they don't listen to you because obviously they don't know what they are doing.
Show them how you invest your millions or billions.
Yeah gotta keep that money moving, like its supposed to be...
plus that fuckin beach front property in fuckin Malibu, I can see its
value doubling in 10-20 years.....
Waited til she was 40 and a mother of 3 to start showing them cakes.
all of u know their sponsors paid for the house and hit them with the bill. those white folks who make up their team is constantly hitting up their account with commission and fees and payroll, plus everything is going up now so u know they don't have 200 mill liquid
Same question i ask everytime
The fuck u gonna really do with all of that?
Spend $200 million on a hideous concrete home then send your wife and mother of 3 out on the streets to shake her ass to pay for it.
This partThe New Millenium Barbie and Ken,
the SCRIPT HAS BEEN FLIPPED!!!
that shit is dope as fuck, not fuckin tacky...
shit looks livable, unlike most oversized homes,
be lookin all goofy and gawky..
cant wait to come over for dinner!!!!
Ol super rich ass kniggas!!
LOVE seeing my people do the gatdam THANG!!
LOVE seeing my people do the gatdam THANG!!
Good for them. Over the top, maybe, but good for them
This is a tough one, cause if I was worth a couple of billion making a couple of 100 million each year, I'd most definitely tell everyone with a calculator to kiss my ass. No disrespect either, just keeping it real.
Can you imagine if you had that kind a bread and the number of crab ass dead beat family members/friends/associates that would be coming out the woodwork on some bullshit. Motherfuckers would be writing books, singing songs and making videos about how they made you.
At that point, you can't make everyone happy so fuck how they feel and buy the lot next door too
Can you imagine if you had that kind a bread and the number of crab ass dead beat family members/friends/associates that would be coming out the woodwork on some bullshit. Motherfuckers would be writing books, singing songs and making videos about how they made you.
At that point, you can't make everyone happy so fuck how they feel and buy the lot next door too
It's a lot of hateful, mad and pocket watching kneegrows up in here.
Tell em why you mad son!!!!
Tell em why you mad son!!!!