"Beyoncé has officially become a billionaire, according to Forbes, cementing her status as one of the most commercially successful musicians of all time. The American superstar is now the fifth musician to be recognised by Forbes as having amassed a ten-figure fortune, joining an elite group that includes Taylor Swift, Rihanna, Bruce Springsteen, and her husband Jay-Z, whose net worth Forbes estimates at $2.5bn (£1.85bn)."
"Earlier this month, Forbes valued Beyoncé at $800m (£593m), but a series of lucrative projects has since pushed her wealth beyond the billion-dollar mark. A major driver has been her 2023 Renaissance World Tour, which grossed nearly $600m, making it one of the highest-earning tours of the decade. Beyoncé further increased profits by producing and distributing the accompanying concert film herself through a direct deal with AMC Theatres, securing almost half of the film's $44m (£33m) global box office takings."
"Her momentum continued in 2024 with the release of Cowboy Carter, an album celebrating the Black roots of country music. The project received widespread critical acclaim and won Album of the Year at the Grammy Awards, the first time Beyoncé has claimed the top prize, despite four previous nominations. The accompanying Cowboy Carter tour generated more than $400m in ticket sales, alongside an estimated $50m in merchandise revenue, Forbes said."
Beyoncé's net worth exceeded $1 billion after a series of lucrative projects and tours. The 2023 Renaissance World Tour grossed nearly $600 million and the concert film distributed via a direct deal with AMC returned almost half of its $44 million global box office. The 2024 Cowboy Carter album celebrated the Black roots of country music, won Album of the Year at the Grammys, and its tour generated over $400 million in ticket sales plus about $50 million in merchandise revenue. The tour broke stadium records and commanded top-priced UK tickets of £950, though some promoters cut prices to fill seats. Additional income streams included a high-profile Netflix halftime show.
Read at Business Matters
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