"Jay's been looking for a private island for the family. He's getting it partly to mark their fifth wedding anniversary but also, with Beyonce 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," a source said.
The 43-year-old star is said to be keen to follow in the footsteps of Sir Richard Branson, who owns 74-acre British Virgin Islands land mass Necker Island, reported Sun Online.