|Birth name||Beyonce Giselle Knowles|
|Born on||September 4, 1981|
|Net worth||$440 million|
|Source of wealth||Music, clothing lines|
|Education||High school, drop out|
|Residence||Los Angeles, CA|
|Nickname (s)||Queen Bey, Queen B, Queen Bee|
As of 2022, Beyonce net worth is estimated to be about $440 million. Beyonce is best known as a singer and the wife of rapper Jay-Z. She’s also a songwriter, dancer, actress, producer, businesswoman, and director. Her fortune comes from music, tours, films, endorsement deals from companies like Pepsi as well as her multiple fashion lines. Beyonce and his husband Jay Z have a combined net worth of about $1.8 billion.
According to Forbes, the singer is the 5th richest female musician and the 73rd wealthiest self-made woman in the United States. Last year she was ranked as the 76th world’s most powerful woman by Forbes. In 2019, Beyonce was one of the highest-paid celebrities on the planet with total earnings of about $81 million. In 2016 Beyonce was named one of the world’s 40 richest entrepreneurs under 40.
Beyonce, who had a fortune of $250 million back in 2015 has seen her wealth grow by close to $200 million over the last 9 years. This is how Beyonce net worth has grown from 2015 to 2021.
|Year||Net worth ($)|
So, how did Beyonce start? How does she make and spend her millions?
Early life, education, and career beginnings
Beyonce was born on September 4, 1981, in Houston, Texas. Her father Mathew Knowles is a businessman and a record executive while her mother, Celestine “Tina” Knowles is a businesswoman and fashion designer.
Beyonce singing skills were first discovered by a dance instructor at St. Mary’s Montessori School where she had enrolled for dancing classes. The instructor began humming a song and Beyonce finished it. At the age of seven, she won a school talent show performing the song “Imagine” by John Lennon. She even beat some 15-year-old competitors who also performed in the show. Her interest in music continued to grow and in 1990 she joined Parker Elementary School, a Houston-based music magnet institution, where she would sing and perform with the school’s choir.
The singer then enrolled at Kinder High School for the Performing and Visual Arts before transferring to Alief Elsik High School. When she was eight, Beyonce and 4 other girls formed a group called Girl’s Tyme and would perform as a warm-up act for other well-known R&B girl music groups. Girl’s Tyme auditioned before various record labels and finally secured a contract with Grass Roots Entertainment in 1995.
In 1996 Girl’s Tyme was renamed Destiny’s Child and released their debut album. In 1999 they released their second album with one of its songs “Say My Name” winning the Best R&B Song and the Best R&B Performance by a Group categories at the 43rd Grammy Awards in 2001. At the same time, Beyonce began her acting career, she got a major role in the film Carmen: A Hip Hopera. After releasing their 4th album in 2001, Beyonce and other members of Destiny’s Child decided to disband the group and pursue solo careers. In 2003, Beyonce starred in the musical comedy “The Fighting Temptations”.
Beyonce’s first solo recording was a feature on 03 Bonnie & Clyde by Jay-Z. She released her first solo album “Dangerously in Love” in 2003 which debuted at number one on the U.S billboard 200 and sold 317,000 copies in its first week. She has so far released 6 albums and is the first solo artist to have their first six studio albums debut at number one on the Billboard 200. Beyonce names Michael Jackson and Tina Turner as her major musical influences.
Films Beyonce has starred in:
- Carmen: A Hip Hopera (2001)
- Austin Powers in Goldmember (2002)
- The Fighting Temptations (2003)
- Fade to Black (2004)
- The Pink Panther (2006)
- Dreamgirls (2006)
- Cadillac Records (2008)
- Obsessed (2009)
- Epic (2013)
- The Lion King (2019)
Films Beyonce has directed:
- Life Is But a Dream (2013)
- Beyonce: Lemonade (2016)
- Homecoming (2019)
- Black Is King (2020)
Related: Justin Bieber’s Net Worth
How does Beyonce make her millions?
Beyonce net worth is estimated to be $440 million. How does she make her fortune? Most of Beyonce’s fortune comes from music, films, endorsements, tours, and her fashion lines. Forbes began tracking her earnings in 2008. She was the world’s highest-paid musician that year with total earnings of $80 million overtaking the likes of Celine Dion and Madonna. In 2014 Beyonce topped Forbes Celebrity 100 list for the first time with $115 million in earnings, her highest yearly earnings up to date. Jay-Z and Beyonce were the world’s highest-earning couple in 2016 with combined earnings of $107.5 million. In 2018, she was the planet’s 35th best-paid celebrity after making $60 million that year.
Beyonce owns Parkwood Entertainment, an entertainment company she founded in 2010. It is involved in music and video production as well as film production. In 2008 the company released its first film Cadillac Records, in which Beyonce starred and co-produced. The company releases and distributes the singer’s albums such as her 6th album, Lemonade in 2016. The same year, it also released a film with the same name as Beyonce’s 6th album. Parkwood Entertainment is managing the musical careers of Sophie Beem, Ingrid, Chloe x Halle as well as other upcoming artists.
Beyonce owns a women’s fashion line known as House of Dereon which she launched in 2005 together with her mother. The line has products available in stores in the U.S, Canada, and United Kingdom. The line features outwear, sportswear as well as accessories such as handbags. During the same year, the singer partnered with a shoe company called House of Brands to release a variety of footwear for House of Dereon.
In 2010 Beyonce collaborated with Brazil-based C&A to introduce Dereon with Beyonce at their stores. Dereon with Beyonce comprised of dresses, blazers, shirts, and tops. In April 2016, Beyonce teamed up with Topshop, a British international women’s fashion retailer to launch a line of activewear known as Ivy Park. Beyonce who owned 50% of Ivy Park when it first launched bought the other 50% stake in 2018. She now fully owns the brand. In 2020, Beyonce’s Ivy Park partnered with Adidas to release a new fashion line known as Halls of Ivy. According to Page Six, the line would comprise 89 pieces of apparel including 34 pieces for kids, 4 footwear models, and 11 pieces of accessories.
Queen Bee owns a brand of fragrance known as Heat. The brand which has more than 6 editions including Heat Rush and Midnight Heat is the best-selling celebrity fragrance brand with sales of more than $400 million.
Pepsi is one of the companies endorsed by Beyonce. She has been in partnership with the company since 2002. In 2012 the singer signed a $50 million contract to continue endorsing the company. Beyonce has also endorsed several fragrances namely True Star, True Star Gold as well as Diamonds by Italian fashion house Armani. As stated by Parade, Beyonce has also endorsed L’Oréal’s skincare, makeup, and hair color products. She also endorsed Samantha Thavasa handbags and McDonald’s in 2004. Beyonce has acted as the face of companies such as American Express, Nintendo DS, DirecTV as well as Samsung. Some of her latest partnerships include the multi-year partnership with Peloton in 2020 and the 2021 partnership with Tiffany & Co.
Together with other artists like Rihanna and Madonna, Beyonce owns a stake in the music streaming service Tidal. The streaming service is now owned by Square after Jay-Z who bought it in 2015 sold it in 2021 for $302 million. Beyonce reportedly owns a stake in Uber after acquiring $6 million worth of stock in the company. The singer performed at an Uber event in 2015 and was supposed to receive $6 million as salary. She however rejected the salary in cash payment and asked to be given $6 million worth of stock in the company. It’s however not clear how much the investment is worth now.
Music and tours
Beyonce’s 2014 On the Run Tour with Jay-Z grossed $109.7 million and was the 5th highest-grossing tour that year. Her On the Run II Tour, also with Jay-Z in 2018 grossed $253 million. It was the world’s 3rd highest-grossing tour in 2018. The Mrs. Carter Show World Tour of 2013-2014 is her other highest-grossing tour with revenue of $229.7 million.
Related: Jay-Z’s Net Worth
How does Beyonce spend her millions?
Beyonce net worth is $440 million. How does she spend her fortune? According to TheThings Celebrity, Beyonce has spent more than $100 million on gifts for his husband Jay Z. In 2010, she gifted Jay Z a $2 million Bugatti Veyron Grand Sport for his 41st birthday. In 2012 she bought a private jet as a Father’s Day gift for his husband. The jet is a Bombardier challenger 850 Learjet which costs about $40 million and came with Jay-Z’s name on it. During Jay-Z’s 43rd birthday, Beyonce bought him a Hublot diamond watch worth a whopping $5 million. During her daughter’s, Blue Ivy first birthday, Beyonce and her husband spent about $95,000 on pink roses, $30,000 on toys and costumes, and $2,400 on a birthday cake.
Queen Bee and her husband own a couple of properties. Their latest and the most expensive one is the $88 million Bel Air mansion that they bought in 2017 after welcoming their twins. Several sources have reported that the lovers split the cost to acquire the ultra-modern property, meaning that Beyonce coughed about $44 million. The 30,000 square foot mansion has a 15-car garage, a recording studio, a theatre, separate staff quarters among other amenities. The couple also owns properties in New Orleans and the Hamptons. They pay about $1.05 million in property taxes for the Bel Air estate alone.
According to Luxury Needs, Beyonce spends at least $300,000 in monthly bills which includes $7,500 for a personal chef, $8,000 for a bodyguard, $10,000 for her publicist, $4,000 for her housekeeping staff among others.
Queen Bey also likes to spend her millions to help others. In 2007, the millionaire founded the Knowles-Temenos Place Apartments, a 4-story and 43-unit housing complex in Houston which offers living space for 43 displaced individuals. In 2016, Beyonce together with Jay-Z gave $1.5 million to Black Lives Matter and other civil rights organizations such as Dream Defenders. The couple also donated $15 million to the Usain Bolt Foundation to assist its efforts in reconstructing homes in Haiti after Hurricane Matthew. In 2020 she gave $6 million to the National Alliance in Mental Health and other similar institutions so as to mentally support vital workers during the Covid-19 pandemic.
Related: Taylor Swift Net Worth
Beyonce has been married to Jay-Z since 2008. They have 3 children, Blue Ivy (born in 2012), Rumi, and Sir (born June 13, 2017). Beyonce likes scrambled egg whites or whole-grain cereal with low-fat milk or a vegetable smoothie for her breakfast. She eats plenty of fish and vegetables for her lunch and dinner. According to Beyonce, 4 is her special number. “We all have special numbers in our lives, and 4 is that for me. It’s the day I was born. My mother’s birthday, and a lot of my friends’ birthdays, are on the fourth; April 4 is my wedding date.” She says.
Beyonce current net worth is an estimated $440 million according to Forbes. The singer has made her fortune from music, endorsement deals, and several lines of apparel that she owns. Halls of Ivy launched in 2020 in partnership with Adidas is one of her latest lines.
Below are a few quotes from the singer that could inspire you.
- “If everything was perfect, you would never learn and you would never grow.”
- “When you love and accept yourself when you know who really cares about you, and when you learn from your mistakes, then you stop caring about what people who don’t know you think.”
- “Power means happiness; power means hard work and sacrifice.”
- “Whenever I’m confused about something, I ask God to reveal the answers to my questions, and he does.”
- “I can never be safe; I always try and go against the grain. As soon as I accomplish one thing, I just set a higher goal. That’s how I’ve gotten to where I am.”
- “For me, it’s about the way I carry myself and the way I treat other people. My relationship and how I feel about God and what He does for me, is something deeply personal. It’s where I came from, my family, I was brought up in a religious household and that’s very important to me.”