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How much do Beyoncé and Jay-Z spend on mansion upkeep? Owning a luxury home can feel like running a 5-star hotel, and it’s not cheap – a staff of 20 can cost up to US$1.8 million a year
STORYBusiness Insider
- Owning a luxury mansion can come with a hefty price – Heritage Estate Management hires as many as 50 staff members per home, offering services like cleaning, cooking, child caring and tutoring
- The Carters recently broke the record for California’s most expensive home with their US$200 million purchase of a Malibu estate – but how much does it cost to maintain?
In May, Beyoncé and Jay-Z shattered the record for California’s most expensive home with their US$200 million purchase of a 3.2-hectare (eight-acre) property overlooking the Pacific Ocean in Malibu.
And despite the sky-high price tag, the Carters aren’t done dishing out just yet.
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At a whopping 40,000 sq ft, a house that size requires a level of detail and attention in its upkeep that two people alone can’t provide (especially if they’re busy touring the world for their newest album).
“These homes run like a well-oiled machine,” Jenny Greenwood Huber, owner and founder of Heritage Estate Management, said. “At this level, it’s usually a business in its own right.”
Heritage Estate Management provides household staffing and property management services for West Coast estates in places like Beverly Hills and Malibu, where the Carters’ new home is located.
When it comes to staffing, that means hiring full-time employees to keep a home in pristine condition. Think Downton Abbey for the 21st century: butlers to help oversee all operations like housekeeping and entertaining on the premises, as well as serving the homeowners and their guests; nannies who follow behind the Blue Ivys, Sirs and Rumis of the world, picking up in their wake; and even lady’s maids whose main assignment is to take care of the wardrobe needs of the lady of the house, according to Huber.
When it comes to property management, that could mean bringing in temporary housekeepers who give the home a genuine sparkle while the owners are out of town for a few weeks.
There could be up to 50 people working at one property at a time. Of course, that amount of hands-on-deck adds up.