Rapper Jay-Z is planning to gift his wife Beyonce a yacht on her 29th birthday.

'Beyonce is a massive fan of boats and she is thrilled that not only will she be able to know how to sail properly but that she'll have their own yacht,' dailystar.co.uk quoted a source as saying.

'The couple have been in talks with various yacht brokers but they've fallen in love with $4 million yacht which is currently in Monte Carlo and are desperate to snap it up,' he added.

Beyonce's birthday falls Sep 4.