April 10, 2013 13:17

Jay-Z looking to purchase £2m island in The Bahamas?

Rapper is reported to be looking to purchase land in North Abaco

Jay-Z looking to purchase £2m island in The Bahamas?

Photo: PA

Jay-Z is reportedly looking to buy an island in the Bahamas for himself and wife, Beyonce.

The rapper is reported to be looking at the North Abaco area with a source telling The Sun that the couple could transform the island into something similar to Richard Branson's Necker Island and use it as a place to holiday with their daughter, Blue Ivy.

"Jay’s been looking for a private island for the family," a source told the paper. "He wants to turn it into his own Necker Island like Richard Branson. He’s getting it partly to mark their fifth wedding anniversary but also, with Bey back in the spotlight, it’s getting impossible for them to do normal things such as go to the beach with Blue. A private island means they’ll be able to have quality time with minimum staff and security."

Meanwhile, it has also emerged that Jay-Z will sell his shares in the New York Nets as he transitions his Roc Nation business into a sports agency. It is against NBA rules to own shares in a team while acting as an agent at the same time so Jay-Z will sell his shares, believed to be just one fifteenth of one per cent in the club, in order to continue.

Jay-Z and Beyoncé caused controversy in America this week after holidaying in Cuba. The US has a 51-year embargo making it illegal for US citizens to travel to Cuba solely for tourism, however, travellers can visit the country by obtaining a cultural exchange licence. It was later confirmed that the trip was legal with a source stating that Beyoncé and Jay-Z were carrying licences provided by the Treasury's office of foreign assets control.

Read More On This Artist

More News
Prince William and Kate Middleton learn to DJ - watch
Coldplay unveil new song 'Oceans', announce television special
Pharrell Williams unveils 'Marilyn Monroe' video - watch
Beck covers Arcade Fire's 'Rebellion (Lies)' - watch
St Vincent reschedules May UK shows for August
Paul Gray spent final weeks in 'blur' of drugs and Slipknot bandmates did not help,...
Chance The Rapper cancels live dates after being diagnosed with flu and tonsillitis
Angel Haze on friends and family's reaction to her sexuality: 'they think I'm an...
Midweek chart update: Mr Probz on course for Number One single with debut 'Waves'
Justin Bieber apologises after posing near controversial Japanese war shrine
Linkin Park discuss 'heavy and exciting' album 'The Hunting Party' in new...
Beyoncé joins producer Boots on new song 'Dreams' – listen
Damon Albarn announces Bristol and Portsmouth live dates
The Horrors, Palma Violets and more added to Reading and Leeds Festivals bill – full list here
Kaiser Chiefs' Ricky Wilson says he's made it 'acceptable' to appear on TV...
Royal Blood reveal new single 'Come On Over' – listen
Lorde announces rare UK show
Coldplay debut new song 'Oceans' and confirm headline appearance at Radio 1's Big...
James Franco says Kanye West invited him and Seth Rogen to perform at Kim Kardashian wedding
Robert Plant says there is 'zero' chance of Led Zeppelin performing again
Sigur Rós' Jónsi and Alex Somers to score new US TV show 'Manhattan'
Record Store Day organisers respond to Paul Weller boycott

More News

Comments

Please login to add your comment.

Featured Videos
Latest Tickets - Booking Now
 
Know Your NME
  • Facebook
  • Twitter
  •  
  •  
  •  
  •  
 

 
NME Store & Framed Prints
Most Read News
Popular This Week
Inside NME.COM
New Issue Out Now
On NME.COM Today