"Beyonce is now a billionaire, according to a report from Forbes becoming the fifth musician to obtain the status. The Grammy award-winning artist, 44, has joined the world's wealthiest people following the success of her Cowboy Carter tour, which grossed more than $400m in ticket sales, and an additional $50m in merchandise sales. Her previous Renaissance world tour brought in about more than $579m."
"The three-hour production included guest appearances by her husband, children and former Destiny's Child bandmates. Across any category of the entertainment industry, there is practically no enterprise more lucrative than a musician who can sell out stadiums, Forbes wrote noting that the concert tour employed 350 crew members, used 100 semi-trucks worth of equipment, and required eight 747 cargo planes to move the show from city from city."
"Though Beyonce has launched several ventures including a hair care brand, Cecred, a whiskey label called SirDavis and a clothing line called Ivy Park, most of her personal wealth comes from her music including revenue from her catalogue and from her global tours according to Forbes. In 2010, she founded Parkwood Entertainment, a management and production company, bringing control of all her artistic ventures including music, concerts and documentaries in house."
Beyonce is now a billionaire and the fifth musician to reach billionaire status. The Cowboy Carter tour grossed more than $400 million in ticket sales and about $50 million in merchandise sales. Her previous Renaissance world tour brought in more than $579 million. Most of her personal wealth comes from music, including catalogue revenue and global tours, alongside business ventures such as hair care brand Cecred, whiskey label SirDavis and clothing line Ivy Park. She founded Parkwood Entertainment in 2010 to bring management and production of her artistic ventures in house. The 2024 album Cowboy Carter won album of the year Grammy and its tour became the world's highest-grossing music tour of 2025. The tour employed 350 crew, used 100 semi-trucks and required eight 747 cargo planes.
Read at www.theguardian.com
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