Beyonce Net Worth: Singer, actor, film producer, songwriter, record producer, television producer, musician, businessperson, voice actor, music artist By profession.
How Much Is Beyonce Knowles Worth?
Beyonce Knowles has a net worth of $500 million as an American pop singer, entrepreneur, philanthropist, and actor.
Beyonce Knowles had her first brush with stardom as a member of the rapping and dancing group Girl’s Tyme on the 1990s television show “Star Search.”
Girl’s Tyme struggled in the late 1990s, but Columbia Records eventually signed the group in 1997 as Destiny’s Child.
Destiny’s Child would ultimately record seven platinum-certified albums. They sold over 50 million records globally in total. The group earned the prize for Best R&B/Soul Single for their smash single “No, No, No.”
One of Destiny’s Child’s most popular songs was “Say My Name,” which received awards for “Best R&B Performance by a Duo or Group with Vocals” and “Best R&B Song.”
Destiny’s Child’s other popular songs include “The Writing’s on the Wall,” “Jumpin’, Jumpin’,” and “Bills, Bills, Bills.” After completing their album “8 Days of Christmas,” the band members chose to pursue solo endeavors.
Beyonce has recorded three extremely successful solo albums since striking out on her own. She also pursued an acting career with prominent roles in films such as Dreamgirls, Cadillac Records, Obsessed, and Austin Powers.
Beyonce Knowles gets $80 million in a touring year from her different endeavors.
In addition to her contributions to the entertainment industry, this successful Texan’s astute economic acumen makes her a formidable brand.
In 2002, Beyonce signed her first endorsement contract with Pepsi, which was swiftly followed by contracts with L’Oreal, American Express, Samsung, Ford, and DirectTV. She has released numerous fragrances over the years and inked a $20 million, three-year contract with Coty to create a signature fragrance.
In addition, she co-founded the fashion company House of Dereon with her mother, Tina.
In 2010, she established her first solo fragrance brand. Since 2010, she has established six fragrance brands that have produced more than $500 million in revenue. Her brand is the most successful celebrity fragrance of all time when combined.
In 2018, Beyonce inked a $60 million contract with Netflix to produce three pieces of content for the streaming service. The first, titled Homecoming and detailing her performance at Coachella in 2018, was released in April 2019.
Beyonce did NOT take a 50 percent pay reduction to get the rights to film her Coachella performance, according to a widespread online claim. She received a usual performance fee and effectively demanded that Coachella allow her to film for Netflix.
And when Beyonce informs Coachella that she intends to videotape her performances, they agree! It’s that straightforward.
Beyonce’s marriage to Shawn Carter, popularly known as Jay-Z, the hip hop singer, producer, and multimillionaire entrepreneur, has likely been her best business decision to date.
In 2012, the couple had their first child, Blue Ivy Carter. Beyonce gave birth to twins, a daughter called Rumi and a son named Sir, on June 13, 2017.
Did Beyonce Earn $300,000,000 from Uber?
Unfortunately, the answer is negative. Beyonce allegedly received $6 million in Uber stock for a private performance in 2015, and after the company’s IPO, her shares were worth $300 million, according to a report that went popular on Twitter in May 2019.
This is not the case. A few poorly researched publications falsely reported that Beyonce was awarded 6 million Uber shares, which at the company’s IPO would have been worth approximately $270 million before taxes.
The truth is that she received Restricted Stock Units for $6 million in 2015 when the company was valued at $50 billion. After its IPO, Uber’s market capitalization was $67 billion.
Assuming she never sold a single share and was never diluted in future investment rounds (unlikely), her shares would be valued at approximately $9 million based on the market capitalization of $67 billion.
Beyonce and Jay-Z hold a portfolio of incredibly valuable real estate assets around the globe. Here is a list of the homes that we KNOW about –
- In 2008, they paid $8 million for a seven-bedroom property on Miami’s ultra-exclusive Indian Creek Island.
- In 2010, they sold this home for $9.3 million.
- Beyonce owns a New Orleans home worth $2.6 million.
- Jay-Z purchased a $10 million condo in New York City for $6.85 million in 2004.
- Beyoncé sold her Manhattan apartment for $9.95 million in 2017.
- She purchased the property for $5 million in 2005.
- Beyonce and Jay-Z purchased the Pond House property in the Hamptons for $26 million in 2017.
Beyonce and Jay-Z purchased a 30,000 square-foot property in Bel Air, California for $88 million in 2017. The home was purchased with a $52 million mortgage, according to public documents.
Using the available mortgage rates at the time, B + J likely paid almost $250,000 per month on their mortgage for the mansion with a basketball court, two acres of land, a 15-car garage, media room, numerous pools, and bulletproof windows.
They jointly own a $4 million Bahamas private island. Beyonce and Jay-Z own a minimum of $150 million worth of real estate in the United States, as determined through public record searches.
They probably own more foreign real estate or other holdings concealed behind LLCs.
Other Lucrative Facts
Beyonce presented Jay with a $2 million Bugatti Veyron Grand for his 41st birthday. Beyonce gave Jay-Z a brand-new $40 million Bombardier Challenger 850 private jet for Father’s Day in 2012. Both sides of the exterior of the aircraft are painted with Shawn Carter.