Beyonce is arguably one of the most influential female musicians in the world. Her influence cuts across music and entrepreneurship. Forbes names her the 76th most powerful woman in the world and the 7th most powerful Black woman.
She first rose to fame as the lead singer in the girl-group Destiny’s Child but has now become a larger-than-life icon. Together with her husband Jay-Z, they have a net worth of $2 billion. However, Beyonce has a personal net worth of $400 million, according to Forbes.
Beyonce, just like her billionaire husband, has built a career and wealth in and outside the studio. She and her husband have jointly invested in a number of businesses, including the ones she is the sole investor.
Beyonce introduced the House of Dereon which had contemporary women’s fashion line. The fashion line primarily made sportswear, denim with fur, handbags and footwear.
In 2015, she established an on-demand meal delivery service which was based on vegan food culture called 22 Days Nutrition.
Beyonce also launched her own fragrance line called Beyonce Heat. According to a Forbes report, she earned 400 million dollars from the product.
Perhaps, the most important business is the music streaming service Tidal. According to reports, a chunk of her money comes from Tidal.
Aside from her businesses, Beyonce also makes money from other sources like endorsement deals and posting on social media. She emerged as one of the two highest-paid Black celebrities on Instagram.
In 2019, Beyonce signed a 60 million dollar contract with Netflix which then streamed her Coachella performance. What is more, she has also appeared as the face of brands like Giorgio Armani to launching Tommy Hilfiger’s fragrance called Truestar.
She also has a partnership with Adidas. The music icon further has a streaming music service and has served as a spokesmodel for L’Oreal. She also promotes Pepsi and is into film production. She recently announced that she was investing in a hemp farm to obtain her own CBD.
Recently, Beyonce and her husband purchased the world’s most expensive car, “The Boat Tail,” built by Rolls-Royce. They reportedly bought the custom-built luxury car for an estimated $28 million.
The car is said to be a rare collector’s item with only three in existence. Torsten Müller-Ötvös, CEO of Rolls-Royce Motor, described The Boat Tail as the company’s “most ambitious project yet.”