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
Ozzy Osbourne to release 'Memoirs of a Madman' solo compilation in October
Iceage reveal change in musical direction on new song 'The Lord's Favorite' –...
Duran Duran issue statement over lawsuit involving their own fan club
MIA reveals new song 'Gold' – listen
The Gaslight Anthem unveil modern dance inspired 'Get Hurt' video - watch
Ryan Adams debuts new track 'Stay With Me' live - watch
Lana Del Rey discusses 'Pepsi-Cola pussy' lyric: 'My mum didn't think it was...
The Orwells announce November UK tour
Grimes guests on track by Fun. guitarist Jack Antonoff's solo project Bleachers - listen
Silent album raises £12,000 in Spotify royalties
Bring Me The Horizon's Oli Sykes: 'I went to rehab for ketamine addiction'
Weezer perform new single 'Back To The Shack' on US TV – watch
Jessie Ware reveals new song 'Share It All', co-written by The xx's Romy...
Devon record shop goes up for sale on eBay for £9,000
'Weird' Al Yankovic says Prince is the only artist ever to turn down one of his parodies
Manic Street Preachers on new album: 'It's like 'Generation Terrorists' but...
Coolio to release new music exclusively through porn website
Lily Allen unveils Glastonbury tribute video for 'As Long As I Got You'
Snoop Dogg claims he smoked weed in the White House
Lancaster theatre appeals for stolen papier-mâché Frank Sidebottom head
Kid Rock ordered to hand glass sex toy over to court as part of Insane Clown Posse lawsuit
Courtney Love rules out Hole reunion:'I don't want to get on the oldies circuit'

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
On NME.COM Today