Jay-Z & Beyonce Splash Out On Luxury Yacht

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August 25, 2010 | 11:50am EST

Jay-Z and Beyonce are splashing the cash on their summer vacation – they have rented a luxury yacht on the French Riviera for a reported $377,000 a week.

The celebrity supercouple was recently spotted enjoying a summer holiday in Portofino, Italy but they’ve now docked in Cannes, France, according to the New York Daily News.

A source tells the newspaper the pair has rented The Altitude, an 180-foot (54.86 meter) Italian-made Benetti luxury yacht priced at $377,000 a week.

The Altitude boasts six cabins, a gym and a Jacuzzi.