They don’t call Beyoncé “Queen B” for nothing. After starting her career in girl group Destiny's Child, Beyoncé launched her solo career in 2003 , and 20 years later, she's still a reliable hitmaker and moneymaker. Beyonce's renaissance singles "Break My Soul" and "Cuff It" became 2022's defining hits. Now, in 2023, her Renaissance World Tour kicks off in Sweden on May 10, her first tour in five years and likely to be among the biggest. All time travel.
However, it's not just music that's driving Beyoncé's net worth. She has also dabbled in a variety of other businesses to amass her vast wealth, including a popular line of Adidas sportswear, ownership stakes in streaming music services, and even an interest in the cannabis space. With all of this, it's no surprise that she's amassed a ton of coins. In fact, on June 1, she was named one of the richest self-made women in America, with an increased net worth that doesn't even include earnings from her latest world tour.
This is how Beyoncé became a millionaire, and how she became a billionaire (just like her billionaire husband Jay-Z).
7 Ways Beyoncé Makes Millions
1. Music
Beyoncé remains an artist first and foremost, even though singers and musicians don't typically make the majority of their money from music alone. Still, when you have a career as long and successful as Beyoncé's, music sales contribute a lot to the bottom line.
Destiny's Child officially disbanded in 2006, but the band has reportedly sold more than 60 million albums worldwide. Her solo career wasn't that high, especially as the industry shifted to streaming. Her debut album "Dangerously In Love" sold 11 million copies, 2006's "B'Day" and 2008's "I Am...Sasha Fierce" each sold 8 million copies, and the four albums sold approximately 3 million copies. .
In 2013, Beyoncé surprised everyone with her self-titled album, which broke the iTunes album sales record in its first week, followed by her critically acclaimed visual album Lemonade in 2016, which became the highest-selling album of the year. Bey has received 88 Grammy nominations during her career, the most of any female artist in Grammy history, and won her 32nd win in 2023, officially becoming the most nominated female artist in Grammy history. Winner of most awards. In 2019, the London Evening Standard estimated that Beyoncé earned $13 million from album sales, a figure that has continued to rise with the Renaissance .
2. Tour
Beyoncé's concert is a big event in itself, and the singer makes a fortune from ticket sales. In fact, her upcoming Renaissance World Tour may very well be her highest-grossing tour to date. Forbes estimates that stadium tours can generate between $275 million and $2.4 billion in total revenue from ticket sales alone. The latter estimate is based on a dizzying but unlikely average ticket price of $700, which would make the Renaissance Tour the highest-grossing tour of all time if it breaks the $1 billion mark. But even though it only garnered the lowest numbers in that range, it's still Beyoncé's biggest tour to date.
Her highest-grossing tour prior to 2023 was the Formation World Tour at Wembley Arena, bringing in over $15 million from those two sold-out shows alone. Beyoncé made more than $250 million from that tour. Other top earners include the 2009-2010 I Am... World Tour, which grossed $119.5 million, the 2013-2014 Mrs. Carter World Tour, which grossed $229.7 million, and two tours of On The Run, co-headlining with husband Jay-Z tour, earning more than $119.5 million. The total amount exceeds $360 million.
Beyoncé also headlined the 2018 Coachella music festival, becoming the first black woman to perform at the music festival, but her performance was controversial. Earlier reports put her salary at $4 million, which is half of what The Weeknd will make when he replaces Kanye West in the headlines in 2022, and half of what Ariana Grande will make when she debuts in 2019. But a Billboard article suggested that Bey's check was actually between $8 and $12 million.
3. Clothing series
Before launching Ivy Park, Beyoncé created a clothing line with her mother. House of Deréon, named after her grandmother, was launched in 2006 and closed in 2012. Her activewear line Ivy Park first launched in 2014 in partnership with Topshop and business partner Sir Philip Green, before Bey expanded the clothing line into an independent company in 2016.
Two years later, Beyoncé took over full ownership of the brand and formed a partnership with Adidas. The first shipment in January 2020 sold out in one day. She continues to launch new products with adidas every few months, with her winter-themed collection Icy Park also selling out within days of its 2021 release.
Adidas reportedly expects to make more profits from Ivy Park than from Kanye West's Yeezy brand, which had sales of more than $1.5 billion in 2019, but the terms of their deal with Beyoncé have never been made public. She parted ways with the athletic company in March 2023, with The Hollywood Reporter claiming there were "significant creative differences" between Ivy Park and the Adidas camp. However, Bey reportedly plans to keep Ivy Park alive on her own terms, with THR saying she's "excited to take back her own brand, chart her own path and maintain her creative freedom."
4. Tide
Tidal, the streaming music service founded by Jay-Z, has attracted a number of A-list musicians as early investors, including Madonna, Alicia Keys, Kanye West, Rihanna and, of course, Beyoncé . It appears this strategy has paid dividends for the original 15 artists. According to Billboard , "Each act will receive a 3% stake in Tidal in an effort to provide exclusive content that helps increase value for the subscription price." Although streaming exclusivity is quickly becoming a thing of the past, when Jay-Z The equity deal proved its worth when it sold a majority stake in Tidal to Twitter CEO Jack Dorsey for $297 million, ultimately paying out $8.9 million to each original shareholder. Stakeholders.
5. Endorsement
Beyoncé has been the spokesperson for many brands, including L'Oréal and Pepsi-Cola. She first partnered with the soda brand in 2004 and re-upped her contract to $50 million a decade later. Her five-year contract with L'Oreal is reportedly worth $4.7 million. The singer has also collaborated with Tommy Hilfiger, Adidas, H&M and more.
6. Acting and Film Appearances
Although acting is not her main job, Beyoncé has appeared in several films that have proven to bring box office success to her name. IMDb reports that her films have grossed over $3 billion. Sure, she didn't make that much money, but her roles in movies like Austin Powers and Obsessed certainly boosted her bottom line. Bay also lent his voice to the 2019 remake of "The Lion King, " The Hollywood Reporter Supposedly she earned her $15 million (although Vibe The suggested figure is higher at $25 million).
In 2020, Disney will reportedly double down on its partnership with Bey, signing her to a $100 million contract for three more projects, including Black Is King , due later that year " Movie. Beyoncé also struck a deal with Netflix to bring her Homecoming Tour documentary to the streaming service. The deal, estimated to be worth $60 million, also involves two other yet-to-be-announced projects.
7. Other business investments
Beyoncé is the latest celebrity to jump on the cannabis and CBD train, recently announcing that she is building a cannabis and honey farm. "I discovered CBD on my last tour and experienced its benefits for pain and inflammation," Beyoncé said in a 2021 interview with Harper's Bazaar . "It helped me with restless nights and irritability from not being able to sleep. Now I'm building a hemp and honey farm. I even got hives on the roof!" There's no word yet on if and when she started asking for help. News of the public sale, but we know when she does it'll sell out quickly.
The singer also became a major investor in Atlanta-based flavored water brand Lemon Perfect. "I'm not usually a fan of unsweetened drinks, but Lemon Perfect is delicious," Beyoncé said in a statement on the Lemon Perfect website. "It was an easy decision to invest in something that not only tastes great and is healthy, but most importantly, allows for the choice of a healthier lifestyle that is affordable and accessible to everyone." Beyon Silk didn't disclose the amount of her investment in the brand, but Lemon Perfect recently raised $31 million from a group of investors, raising its total valuation to more than $100 million.
What is Beyoncé's net worth?
$540 million
According to Forbes , Beyonce's net worth is estimated at $540 million as of June 2023. However, this does not include earnings from her Renaissance World Tour, which just kicked off in May and has yet to release any official earnings. Of course, she is also married to Jay-Z, who is worth over $2.5 billion as of March 2023.
