Jay-Z and Beyonce spend $1 million a year for baby Blue Ivy nursery rent at Barclays Center, reports say

By on Jan 6, 2013 in Entertainment, Lifestyle, Parenting, United States Comments

Updated: February 17, 2013 12:20 p.m.

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Jay-Z and Beyonce Knowles are reportedly spending $1 million a year for nursery rent for their daughter Blue Ivy Carter at Barclays Center in Brooklyn, New York, where the celebrity couple regularly watches the Brooklyn Nets games. Incidentally, their first baby will turn one year old on Monday, January 7, 2013.

Beyonce Blue Ivy Carter

Beyonce and daughter Blue Ivy
Image Credit: Iam.Beyonce.com

As noted at US Magazine on Friday, January 4, a source told them about the pricey payment of Beyonce and Jay-Z for Blue Ivy‘s nursery room, complete with toys and a crib, along with other amenities. It is being considered as the most expensive rent space at Barclays Center.

Jay rents a luxurious basement suite for $1 million a year. It has an area for Blue filled with toys. It’s all glass with a champagne bar and TV screen. Jay lets friends use his digs when he’s not there.” The source was quoted in the report, adding that the VIP space also serves as a party place for the couple’s friends.

The lavishing expenses may not be surprising to someone like Jay-Z, whose net worth was estimated at nearly $500 million by Forbes back in April 2012, with the couple reportedly having a combined net worth of around $775 million. Last December, Forbes reported that Beyonce made $40 million from May 2011 to May 2012.

Jay-Z, 43, besides one of the most financially successful hip-hop artists, he is also among the very successful entrepreneurs in the US. He has sold approximately 50 million albums worldwide and received 14 Grammy Awards. He co-owns the 40/40 Club and is a part-owner of the NBA team Brooklyn Nets.

On the other hand, Beyonce, 31, is a former member of Destiny’s Child, which is being considered as one of the world’s best-selling girl groups of all time. As a solo artist, she has sold over 13 million albums in the US and over 75 million records worldwide. She is set to perform at the 2013 Super Bowl halftime this coming February 3.

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