Beyoncé Knowles, better known as Beyoncé, is on her path to becoming a billionaire as her net worth rises. The singer’s net worth has risen as a result of the 42-year-old entertainer’s successful year.
According to How Africa, the musician and entrepreneur has a net worth of $540 million. According to Forbes, she now has a net worth of $800 million, which puts her $200 million short of being a billionaire like her husband, Jay-Z.
According to Forbes, the increase in her fortune is due to her considerable 2023 revenues, which are centered on an expected $100 million (post-tax) from the Renaissance World Tour and an adjustment of her music repertoire and art collection. According to the business journal, the catalog is now worth $300 million. The balance of her net worth is comprised of personal assets she shares with Jay-Z as well as commercial holdings through Parkwood Entertainment, according to Forbes.
Her Renaissance World Tour, which took her to 17 countries, grossed more over $579 million, making it one of the top ten highest-grossing tours in history, according to Billboard.
The singer started to prominence as the main singer of the girl group Destiny’s Child, but she has since evolved into a larger-than-life celebrity whose influence spans music and entrepreneurship. According to Forbes, she is the 76th most powerful woman in the world and the 7th most powerful Black woman.
Beyoncé, who was born in Houston, has eight albums to her credit, with over 80 singles, and reportedly grossed $30 million from record sales alone. Aside from music, she has amassed considerable riches through entrepreneurship. The “Halo” singer and her husband have co-invested in various enterprises, as well as some in which she has fully invested.
Beyoncé co-founded House of Dereon with her mother, Tina Lawson, a contemporary women’s fashion label that predominantly included sportswear, denim with fur, purses, and footwear. In 2015, she launched 22 Days Nutrition, an on-demand meal delivery service based on vegan food culture.
Beyoncé Heat, her own fragrance, was also released by the artist. According to Forbes, her fragrance company garnered $400 million in retail sales.
According to reports, her most important company is the music streaming service Tidal, from which she makes a portion of her money. Other sources of income for Beyonce include sponsorship partnerships and social media content. She became one of the top two highest-paid Black celebrities on Instagram.
In 2019, the actress signed a $60 million contract with Netflix, which broadcasted her Coachella performance. She has also been the face of brands such as Giorgio Armani and the launch of Tommy Hilfiger’s Truestar fragrance.
She also has a partnership with Adidas, has been a spokesmodel for L’Oreal, supports Pepsi, and is involved in film production. She recently declared her intention to invest in a hemp farm in order to produce her own CBD. This year, she collaborated on a Renaissance Couture line with French design company Balmain and introduced her perfume, Cé Noir.