Even celebrities with hefty bank accounts sometimes need a boost in the real estate market. The latest report from DailyMail.com highlights high-earning stars like Kanye West, Kim Kardashian, and Rihanna, who have recently secured massive mortgages despite being billionaires with impressive property portfolios in Hollywood.
Selena Gomez, the most followed female celebrity on Instagram with 430 million followers, borrowed $3 million to fund her lavish Hollywood home. It’s common for these ultra-rich stars to opt for loans over using their own fortune, as they can take advantage of low interest rates and allocate their money towards other investments.
For example, Rihanna snagged a loan for $13.65 million, paying $98,950 per month towards her Hollywood abode.
Rihanna recently purchased the penthouse that belonged to the late Matthew Perry a couple of years ago. Surprisingly, even with her wealthy status, she decided to take out a loan for the purchase.
The luxury Century City condo owned by Rihanna was previously inhabited by the late Matthew Perry. Last year, the Barbados-born pop star purchased the 9,300sqft penthouse for $21 million, a deal negotiated below the asking price. The lavish home features four bedrooms, seven bathrooms, a soundproof movie theatre, and four outdoor terraces.
In the past, the condo has been home to notable residents such as Candy Spelling, Paula Abdul, and chef Nobu Matsuhisa. Rihanna secured a $13,650,000 mortgage with a 6.9% interest rate from City National Bank, resulting in monthly payments of $98,950.
Despite not releasing an album since 2016, Rihanna’s financial standing remains strong, with Forbes estimating her net worth at $1.4 billion.
The individual, who is 36 years old, obtained a mortgage of $13,650,000 from City National Bank at an interest rate of 6.9%, resulting in monthly payments of $98,950. Meanwhile, Zoe Saldana secured a $11.375 million loan, leading to monthly payments of $83,000.
Actress Zoe Saldana recently splurged on a stunning Spanish-style colonial mansion in the popular celebrity destination of Montecito. Known for her role in Avatar, the 45-year-old wasted no time in making the luxurious purchase after putting her Beverly Hills mansion on the market for $16.5 million. The historic five-bedroom home, built in 1930, was acquired for $17.5 million, with a mortgage of $11.375 million from JP Morgan Chase Bank. While the interest rate remains undisclosed, the average rate is currently at 7%, which translates to a monthly payment of around $83,000. Living in close proximity to stars like Katy Perry, Prince Harry, Meghan Markle, and Ellen DeGeneres comes with a hefty price tag. Additionally, while waiting for her Beverly Hills property to sell, she has listed it for rent at $47,500 per month, helping to offset the costs of her recent mortgage investment.
Constructed in 1930, this historic residence featuring five bedrooms was recently acquired for $17.5 million. However, the purchase also involved an $11.375 million loan from JP Morgan Chase Bank. Actor Timothée Chalamet took out a $5 million loan, with monthly payments of $24,681. He is now part of one of the world’s most famous couples, second only to Taylor Swift and Travis Kelce. In May 2022, Kylie Jenner’s partner purchased a stunning Beverly Hills home with four bedrooms and five bathrooms for $10,980,000. The 28-year-old New Yorker acquired the property from model Kate Upton and her husband, Justin Verlander. This 5,521-square-foot house, constructed in 1976, was previously owned by tennis icon Pete Sampras and musician Kenny G. To fund the purchase, he secured a $5 million loan from City National Bank at a favorable 3.09% interest rate, resulting in monthly payments of $24,681.
Timothée Chalamet recently landed a stunning Beverly Hills residence featuring four bedrooms and five bathrooms for a cool $10,980,000 in May of 2022.
Kate Upton and her husband, Justin Verlander, said goodbye to their luxurious Beverly Hills home as they handed over the keys to Chalamet.
The spacious 5,521-square-foot home, constructed in 1976, was previously under the ownership of tennis great Pete Sampras and saxophonist Kenny G. A luxurious, fully equipped kitchen can be found on the first floor of the house, complete with a large breakfast nook connected to the main area.
The actor from Dune took out a loan of $5 million from City National Bank with a favorable interest rate of 3.09%, resulting in monthly payments of $24,681.
Singer Robbie Williams recently took out a hefty $32 million mortgage for his new $49.5 million LA mansion, which he acquired in March 2022. The stunning three-house estate, located in Holmby Hills near celebrities like Kylie Jenner and Miranda Kerr, boasts eight bedrooms, 11 bathrooms, a lavish pool, a tennis court, and a spacious garage that can accommodate over 15 luxury vehicles.
Not long after purchasing his LA estate, Robbie made some real estate moves by selling his previous Beverly Hills property to Drake for $75 million, his Wiltshire country home for $8.8 million, and putting his Swiss mansion near Lake Geneva on the market for $30 million.
To finance his newest acquisition, Robbie secured a loan of $32,045,000 from JP Morgan Chase Bank with a 3.75% interest rate. This translates to a monthly payment of $169,567, which includes property taxes.
Robbie Williams secured a loan to purchase a luxurious three-house property in Holmby Hills in March 2022, splurging nearly $50 million on the estate.
As per reports from DailyMail.com, Robbie took out a loan of $32,045,000 from JP Morgan Chase Bank with an interest rate of 3.75%. This amounts to a monthly payment of $169,567, which includes property taxes. Kanye West also secured a loan of $6.8 million.
Kanye West, aged 46, has accumulated a sizable real estate portfolio, with multiple properties awarded to him following his divorce from Kim Kardashian. The rapper, known for his outspoken nature, has been actively involved in the property market, acquiring properties in various locations across the United States and Europe.
In addition to the infamous $57 million Malibu mansion that has been making headlines for its deteriorating condition, Kanye is also responsible for managing at least ten other properties that were acquired as part of the divorce settlement. Among these properties is a four-bedroom home in Calabasas, which has a $6.8 million mortgage with Hankey Capital.
Following their divorce, Kanye also took on two mortgages totaling $8.45 million, which had previously been held jointly with Kim Kardashian. The couple had purchased a property for $2.2 million in May 2018, which is now estimated to be worth $3.3 million according to Zillow. However, this still leaves Kanye with significant home loan debts totaling $5.15 million.
Furthermore, there is a smaller mortgage of $392,000 on a three-bedroom rental apartment in Thousand Oaks, purchased by Kim and Kanye for $575,000 in September 2017. The combined monthly expenses for these mortgages, including taxes, would amount to approximately $44,000 based on an assumed interest rate of 5%.
Kanye, at the age of 46, secured a mortgage worth $6.8 million for the house he received from his divorce with Kim Kardashian.
Kanye, aged 46, was gifted a four-bedroom home in Calabasas, but it comes with a hefty $6.8 million mortgage from Hankey Capital since October 2020.
Kanye West has put his sleek Malibu estate on the market for a whopping $53 million, citing the reason being the dull concrete walls he’s not a fan of.
Meanwhile, Orlando Bloom recently took out a $5 million loan, with monthly payments of $25,810.
Orlando Bloom has been trying to sell his Beverly Hills bachelor pad since 2019. The Pirates of the Caribbean actor initially listed the four-bedroom, four-bathroom home for $8.99 million back in March 2019 when he moved in with girlfriend Katy Perry. After struggling to find a buyer, he lowered the price to $7.99 million but still had no luck in selling the property.
Orlando originally purchased the house for $7 million in 2017 with a $5 million mortgage from JPMorgan Chase Bank. However, after nearly four years on the market, his luck changed in November 2023 when he finally found a buyer. Unfortunately, the buyer only paid $7 million for the house, resulting in Orlando taking a financial hit after factoring in agent fees and taxes.
Despite the lower selling price, Orlando may have accepted the deal to avoid a significant increase in his mortgage interest rate from 3.5% to nearly 10% in May. His monthly payments would have doubled at the new rate, so he decided to take the cash and move to Montecito with Katy Perry and their daughter Daisy Bloom.
Hidden behind a modest entrance, this sprawling single-story estate boasts an impressive 4,000 square feet of luxurious living space, adorned with opulent decorations and offering stunning vistas of the Pacific Ocean.
The entire property is surrounded by floor-to-ceiling glass walls, providing breathtaking views of the lush garden with a wooden deck and the inviting outdoor pool.
Records indicate that the performer made a purchase in 2017 for $7 million and secured a $5 million loan from JPMorgan Chase Bank.
Over the years, Kim has been steadily growing her real estate portfolio. The 43-year-old entrepreneur recently secured a loan for the property next to her $60 million Hidden Hills mansion, which she snagged for $6.3 million in May 2022. Last July, she took out a mortgage worth $3,743,600 at a 5.375% interest rate with PNC Bank, resulting in a monthly payment of $23,494 including taxes. Despite the significant sum, it’s just a drop in the bucket for the wealthy reality star. With this latest acquisition, Kim now owns five homes surrounding her main abode, but her plans for the latest six-bedroom, seven-bathroom property remain unclear. It was also reported in February that Kim had taken out a massive $48.7 million mortgage to purchase her luxurious $70.4 million Malibu mansion in September 2022.
Kim recently acquired a quaint six-bedroom, seven-bathroom property adjacent to her primary residence. Her intentions for this new addition remain a mystery.
Selena Gomez recently made a significant purchase, acquiring five additional homes surrounding her main residence. Last July, she secured a mortgage of $3,743,600 with a 5.375% interest rate through PNC Bank. Known for her real estate investments in Los Angeles and her home state of Texas, the 31-year-old also purchased a stunning Encino property from the late Tom Petty in 2020. This six-bedroom, ten-bathroom estate cost her $4,895,000. To finance this acquisition, Selena opted for a $3million loan from City National Bank, scoring a favorable interest rate of 2.69% for the first decade. At this rate, she makes monthly payments of $14,193.
Selena Gomez was able to secure a fantastic interest rate of 2.69% for her new home, resulting in monthly payments of $14,193.
The entertainer quickly purchased the residence once owned by the deceased musician Tom Petty in Encino, CA, for a whopping $4.9 million.
Selena wasn’t keen on spending all her money at once so she decided to seek a $3 million loan from City National Bank, as reported in a document obtained by DailyMail.com.
Robert Pattinson, a London-born actor, primarily resides in the UK with his pregnant girlfriend, model Suki Waterhouse, despite owning a lavish $5.3 million home in Los Angeles. In the summer of 2022, the 37-year-old purchased the secluded villa in Hollywood Hills and secured a $3 million loan from City National Bank at a 3.54% interest rate. The luxurious property features a sunny master suite with a private balcony, walk-in wardrobe, and a bathroom with a soaking tub. Additionally, it includes a sparkling plunge pool and spa. Despite fans’ surprise at Pattinson’s relatively modest $3 million salary for his role as Batman, his net worth exceeds $100 million. With monthly mortgage payments of $15,579, perhaps a Batman sequel could further boost his finances.
Pattinson’s place for sale features a bright master bedroom with its own balcony, a spacious walk-in closet, and a luxurious bathroom with a deep soaking tub. The property also includes a refreshing swimming pool and a relaxing spa.
In 2022, a 37-year-old individual made headlines by buying a private villa in Hollywood Hills for $5.3 million and securing a $3 million loan from City National Bank at a 3.54% interest rate.
Jay-Z and Beyoncé also made waves with their purchase of a stunning blufftop property at Paradise Cove in Malibu, paying a whopping $190 million in cash. This power couple not only topped the list for the most expensive home purchase in 2023 but did so without any bank assistance.
The luxurious complex at Paradise Cove, designed by Japanese architect Tadao Ando, took 15 years to build and is the second-largest deal of its kind. The property, known for its spectacular design and high security, truly reflects the extravagant taste of Jay-Z and Beyoncé.
Jay-Z and Beyoncé recently made a lavish purchase of a stunning blufftop property at Paradise Cove in Malibu, spending a whopping $190 million in cash.
The residence was crafted by architect Tadao Ando, who also worked on Kanye West’s Malibu house that has been compared to a bunker.
