Beyoncé and Jay-Z Have a Trust Fund for Their Kids Worth $500 Million
Beyoncé and Jay-Z are two of the wealthiest musicians in the world, with a combined net worth of $1.4 billion. Since they’re both worth so much, the couple has no problem dishing out thousands — even millions — of dollars on themselves and their adorable children.
Though they’re often buying their little ones expensive toys and designer outfits, the couple has done more than just provide their kids with luxury goods. In fact, they’ve taken the necessary steps to ensure their kids are financially secure as adults by creating a trust fund worth $500 million.
How many kids do Beyoncé and Jay-Z have?
Beyoncé and Jay-Z met in late 1999 or early 2000 when she was an up and coming singer, and he was an established rapper. At the time, Bey wasn’t looking for a relationship, so the pair remained friends until they started dating around 2001.
In 2004, Bey and Jay went public with their romance for the first time at that year’s MTV Video Music Awards. After that, the two were often spotted out together and worked as collaborators on several hit songs throughout the years.
In April 2008, the musicians tied the knot in a secret ceremony inside the rapper’s New York City penthouse.
About two years later, Beyoncé became pregnant but suffered a miscarriage. After recovering from that tragic loss, the singer got pregnant again, and she and Jay-Z welcomed their daughter, Blue Ivy Carter, in January 2012.
A little more than five years later, the A-listers shocked everyone when they announced that they were expecting twins, and in June 2017, the couple’s youngest children, Sir and Rumi Carter, were born.
The Carter children have been growing up in the life of luxury
Ever since Beyoncé and Jay-Z first became parents, it was clear their kids would not grow up like others their age.
With the musicians having a combined net worth of $1.4 billion, money is of no worry to them as they’ve spent millions on real estate, jewelry, cars, expensive clothes, etc.
Though Bey and Jay often treat themselves to lavish gifts, their over the top spending also extends to their three kids, who have been living the life of luxury ever since they were born.
Let’s start with Blue Ivy. Being the oldest child of the richest musicians in the world, Blue Ivy was getting the superstar treatment even before she could talk.
After making her debut into the world, Blue Ivy was showered with some of the most expensive gifts money can buy. Among some of the more costly items in her nursery was a $20,000 Fantasy Carriage Crib and several jewel-encrusted pacifiers rumored to cost $17,000 each.
Bey and Jay also bought their little one a $600,000 solid-gold rocking horse and a $15,000 high chair covered in Swarovski crystals.
For Blue Ivy’s first birthday, the couple went all out to make their daughter’s special day worthwhile. Not only did they dish out $200,000 for the party, but they also gifted Blue Ivy a diamond-encrusted Barbie doll worth $80,000.
As for the twins, Beyoncé and Jay-Z have spared no expense when it’s come down to giving their little ones nothing but the best. According to sources, the couple reportedly spent $106,000 on matching solid-gold cribs with silk bedding for their youngest children.
They also spent $500,000 on a lavish nursery that included a $20,000 mural on the ceiling, a $50,000 sound system, two walk-in closets, a fireplace, and a home-theatre.
Beyoncé and Jay-Z reportedly set up a trust fund for their little ones
Because they only want the best for their kids, Beyoncé and Jay-Z have set aside a large amount of money for Blue Ivy, 8, Rumi and Sir, 2, so that they can have a bright and financially sound future.
According to News Break, the couple created a trust fund for their little ones worth $500 million, making the Carter children the second richest kids in the world.
While it’s unclear when Blue Ivy, Rumi, and Sir will have access to their trust fund, we can guess that they will receive the money after their turn 18.
As for how the $500 million will be split amongst them, the only fair way would be equally, which means each child will have a little more than $166 million at their disposal.