How Beyoncé Achieved a Net Worth of $500 Million
Beyoncé Gisele Knowles-Carter, mononymously known as Beyoncé, is one of the greatest performers in the world today. One of the iconic performers of the 21st Century, “Queen Bey” has a career that began among her sister Solange and their bandmates in the iconic 1990s girl group Destiny’s Child before she broke out with her 2002 solo debut. Destiny’s Child finished their final tour together in 2006, with the other artists in the group going on to other projects or leaving the mainstream music industry.
Without the rest of the group, Beyoncé’s star took off. She married rapper and producer Jay-Z in 2008, and the two are one of the richest and most influential power couples in music, with a combined net worth of over $1.5 billion. While this article will focus on Beyoncé alone, for a true picture of the family’s finances and net worth, both need to be considered so his net worth is presented here for the interested.
Beyonce Net Worth
Beyonce has an estimated net worth of $450-500 million as of 2022. As recently as 2016, her net worth was estimated between $385 million and $515 million.
Beyoncé has released seven studio albums under her own name since, in addition to one album with her husband, Jay-Z, under the combined name of The Carters; a Lion King album in 2019, and five studio albums from 1990 to 2004 as part of Destiny’s Child.
While her profits from her music are strong for any artist, the bulk of her fortune comes from business endeavors and licensing her image. She is estimated by Forbes to be the richest self-made woman in the United States.
Forbes’ net worth calculations, which are more conservative than others, estimate her 2022 net worth at $450 million. Other calculations estimate her personal net worth at $500-600 million.
Beyoncé Music Income: Group And Solo
Music is a very difficult business to make money in. As a percentage of Beyoncé’s income, music is the smallest portion of what she does.
She has made an estimated $13 million on her solo career, and a likely relatively small portion of the proceeds from her joint career with Destiny’s Child, split as it was between the four to five members plus their management as a group. Beyoncé’s business interests are diversified far beyond her own musical endeavors.
Compared to Jay-Z, Beyoncé’s tours have been far more lucrative per tour. Jay-Z, however, makes considerably more money from producing and his partnership in several record firms including legendary hip-hop label Def Jam.
Beyoncé’s tour revenue, on the other hand, is the largest single portion of her portfolio. It’s estimated that her 2013-2016 touring, the Mrs. Carter Show World Tour (2013), the On The Run Tour (2014) and Formation World Tour (2016) combined for approximately $450 million. These numbers are not inclusive of earlier solo tours, nor of touring revenue from her time with Destiny’s Child.
Endorsements and Other Revenue
She has been a spokesperson for Pepsi since 2002, appearing in a wide variety of print and digital ads for the company since that time. She has been asked by the Center for Science in the Public Interest since 2012 to reconsider her sponsorship to encourage healthy habits among her fans, but she continues to sponsor the company’s products.
Her fashion work outside of her clothing lines include fragrances by Tommy Hilfiger and Emporio Armani, with her own first official fragrance, Heat, launching in 2010. The six editions of Heat are the world’s bestselling celebrity fragrance line.
Since age 18, Beyoncé has also had deals with American Express, Nintendo, and L’Oreal. With her husband in 2020, she formed a multi-year partnership with Peloton, targeting the company’s exercise equipment and online-enabled workout programs toward HBCUs (Historically Black Colleges and Universities). In 2021, adding a new wrinkle to her fashion portfolio, she became the fourth woman and first Black woman to wear the Tiffany Yellow Diamond.
In 2020, Beyoncé launched a line of clothes and footwear for Adidas. The announcement of the launch in 2019 increased the price of the company’s shares by 1.3% shortly afterward.
Beyoncé: Fashion Designer
As a fashion designer and businesswoman, Beyoncé’s portfolio launched in 2006, around the end of Destiny’s Child, with her first fashion line, House of Deréon, launched in concert with her mother, Tina Knowles. The House of Deréon line closed in 2012, allowing her to diversify into other fashion markets including fitness wear. With major clients including fast-fashion outlets like H&M and high-end department stores Macy’s and Bloomingdales, Beyoncé’s fashion portfolio at its height made $100 million in a single year.
Aside of her clothing portfolio, she has worked with
Charitable Work
Beyoncé’s charitable work reaches back to the beginning of her career with Destiny’s Child. As a 9 year old singer in 1990, she began charitable work with Goodwill in Houston, TX. Continuing her work with Goodwill to the present, she has additionally started two charitable funds and philanthropic efforts.
Her first charitable organization is Survivor Foundation, an organization she founded to help victims of Hurricane Katrina with fellow Destiny’s Child member Kelly Rowland. This foundation was rolled into her charitable initiative BeyGOOD in 2013.
Though Beyoncé has been criticized by other activists for practicing a “lite” form of feminism in her personal and political life, she is an active advocate for women and the LGBTQ community. She was a powerful voice of advocacy through the Trump Administration.
Beyoncé’s current focus in global advocacy is for people suffering the impacts of climate change in the global South. The BeyGOOD Foundation shines a light on the dangerous situations experienced by people in South America and Africa due to warming weather and worsening heat waves, and the hazards of living in flood plains near shrinking coastlines.
Legacy
As one of the most powerful and influential pop musicians in the world since her emergence in 1990, Beyoncé is considered by many musicologists to be the most important and compelling popular musician of the twenty-first century.
Her albums have consistently been seismic cultural events, creating trends that ripple through pop music with each new release. As an influential artist, she eclipses even Michael Jackson at the height of his powers.
Beyoncé Knowles is one of the richest women in the world and is the richest self-made woman in the world. Her estimated net worth of $450-550 million makes her an exceptional entrepreneur with a wide, diversified portfolio of socially influential brands, both those that were influential before she joined them and those that were made influential by her participation.
She has launched several fashion lines including her own self-branded clothing and fragrances, and she has made hundreds of millions of dollars from touring to promote both her own music and that of her previous band, Destiny’s Child.
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Written by Garrett Parker
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