Billionaires Jay-Z and Beyoncé raise eyebrows as they make a curious move on their $88M Bel Air mansion …a SECOND mortgage?
- Thread starter ☑︎#VoteDemocrat
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Artificial Intelligence
Not Allen Iverson
You forgot to account what he did with the raw.
This reeks of rich people shenanigans. I feel comfortable assuming they're fine.
Sk3ptical
Superstar
Broke people all up in rich people's business 
It’s hilarious. I literally noted that Bey made over $500mil in a SUMMER. ONE SUMMER.Ultra rich people tapping into the hundreds of millions of equity they have in one of their high value properties?
Coli breh: they must be broke
the the the the the the coli dot com
Independently or combined, these ppl are wealthy.
Piff Perkins
Veteran
Honestly not to be a dikk but I think reactions to this story are a class indicator. Anyone who has a house understands why this isn't a bad idea or a sign of financial struggle. And if you know how taxes work, you get why pointing out Beyonce/Jay's net worth is irrelevant to this decision. That 3bil is NOT liquid. Rich people take loans all the time and put up collateral in order to pay less taxes. Any time you see a story about Zuckerberg or any billionaire buying something guess what? They didn't write a check for 100 million dollars. They took out a loan at a bank that predominantly works with high income individuals in exchange for stock or some other form of collateral.
In Beyonce and Jay's case it's pretty obvious they're avoiding estate taxes here. You don't pay taxes on unrealized gains....this is how rich people operate. And frankly if ANY rich white person did this there would be zero stories about it in the media. This is entirely because they are black and the media wants to play games. And they know enough people hate Jay to make this story ring for years.
I was gonna say…that’s why my uncle was so happy when I bought my house. This is exactly what he told me to do lol
People are ignorant on how networth works, most (if not all) of these billionaires
wealth is nothing more than unrealised gains from their shares/company, they don't actually have access to quick cash that's why their networth is always fluctuating and why the likes of Bezos and Musk take out loans or sell a portion of their shares all the time for big expenses like space missions,twitter purchase, yatch etc
I promise you the majority of the properties purchased in Billionaires row in central park, for example, were loans taken out with unrealised gains used as collateral
wealth is nothing more than unrealised gains from their shares/company, they don't actually have access to quick cash that's why their networth is always fluctuating and why the likes of Bezos and Musk take out loans or sell a portion of their shares all the time for big expenses like space missions,twitter purchase, yatch etc
I promise you the majority of the properties purchased in Billionaires row in central park, for example, were loans taken out with unrealised gains used as collateral