In June, Beyoncé ranked No. 48 on Forbes’ annual list of the richest self-made women in America, with a net worth of $540 million.
Now, Forbes estimates she is now on a glidepath to becoming a billionaire, with a net worth of $800 million. The dramatic boost to her fortune can be attributed to her substantial 2023 earnings—she banked an estimated $100 million (post-tax) from the Renaissance World Tour—as well as an adjustment to Forbes’ estimate of her music catalog and her art collection. Sources tell Forbes the singer’s catalog is now worth some $300 million. The remainder of her net worth is made up of the personal assets she shares with her billionaire husband, Jay-Z, as well as her business holdings through Parkwood Entertainment, which she founded in 2010. (Representatives for Beyoncé did not respond to Forbes’ request for comment.)
Breaking norms is what has made Beyoncé so successful, says Carter Gregory, vice president of A&R at Capitol Records: “You can point to so many moments in her career when she’s done something and moved the industry forward.” In 2013, for instance, Beyoncé famously dropped her self-titled visual album with no warning and no promotion. “She’s an artist that will never take ‘no’ as an answer and will always find a way to continue to push the envelope in a way that no one else is doing.”
One of the major drivers to the increase to Beyoncé’s net worth was her blockbuster Renaissance tour, which ran from May to October and spanned 39 cities in 17 countries. Renaissance brought in more than $579 million in revenue, making it one of the top 10 highest-grossing tours in history, according to Billboard.
Now, Forbes estimates she is now on a glidepath to becoming a billionaire, with a net worth of $800 million. The dramatic boost to her fortune can be attributed to her substantial 2023 earnings—she banked an estimated $100 million (post-tax) from the Renaissance World Tour—as well as an adjustment to Forbes’ estimate of her music catalog and her art collection. Sources tell Forbes the singer’s catalog is now worth some $300 million. The remainder of her net worth is made up of the personal assets she shares with her billionaire husband, Jay-Z, as well as her business holdings through Parkwood Entertainment, which she founded in 2010. (Representatives for Beyoncé did not respond to Forbes’ request for comment.)
Breaking norms is what has made Beyoncé so successful, says Carter Gregory, vice president of A&R at Capitol Records: “You can point to so many moments in her career when she’s done something and moved the industry forward.” In 2013, for instance, Beyoncé famously dropped her self-titled visual album with no warning and no promotion. “She’s an artist that will never take ‘no’ as an answer and will always find a way to continue to push the envelope in a way that no one else is doing.”
One of the major drivers to the increase to Beyoncé’s net worth was her blockbuster Renaissance tour, which ran from May to October and spanned 39 cities in 17 countries. Renaissance brought in more than $579 million in revenue, making it one of the top 10 highest-grossing tours in history, according to Billboard.
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FunTranscript
00:00 It should cost a billion to look this good.
00:02 Beyonce sang that on "Pure Honey"
00:04 from her 2022 album, "Renaissance."
00:07 And given the stellar year
00:08 the 42-year-old entertainer has had,
00:11 money doesn't appear to be a problem.
00:13 Forbes estimates she is now on a glide path
00:16 to becoming a billionaire with a net worth of $800 million.
00:20 In June, Beyonce ranked number 48 on Forbes' annual list
00:25 of the richest self-made women in America
00:27 with a net worth of 540 million.
00:30 The dramatic boost to her fortune
00:32 could be attributed to her substantial 2023 earnings.
00:35 She gained an estimated $100 million post-tax
00:39 from the "Renaissance" world tour,
00:40 as well as an adjustment to Forbes' estimate
00:43 of her music catalog and her art collection.
00:45 Sources tell Forbes the singer's catalog
00:47 is now worth some $300 million.
00:50 The remainder of her net worth
00:51 is made up of the personal assets she shares
00:54 with her billionaire husband, Jay-Z,
00:56 as well as her business holdings
00:58 through Parkward Entertainment, which she founded in 2010.
01:01 One of the major drivers to the increase
01:04 to Beyonce's net worth was her blockbuster "Renaissance" tour
01:08 which ran from May to October
01:09 and spanned 39 cities in 17 countries.
01:13 "Renaissance" brought in more than $579 million in revenue,
01:17 making it one of the top 10 highest-grossing tours
01:20 in history, according to Billboard.
01:22 For "Renaissance," a film by Beyonce,
01:25 the movie based on the concert tour,
01:27 she reportedly struck a similar deal with AMC Theatres
01:30 that Taylor Swift did for her "Eras" tour movie.
01:33 Forgoing studio participation,
01:35 Beyonce released the film,
01:37 which she also wrote, produced, and directed,
01:39 through AMC, meaning she will split the revenue directly.
01:43 "Renaissance" grossed $27.4 million worldwide
01:47 in its opening weekend,
01:48 earning the number one spot at the domestic box office.
01:52 Beyond music and fashion,
01:53 Beyonce shares an extensive real estate portfolio with Jay-Z,
01:57 which is worth some $320 million,
02:00 including a $200 million Malibu mansion
02:03 the couple purchased in June,
02:05 which is believed to be the most expensive home
02:07 in California history.
02:09 Forbes allocates half the total of their shared real estate
02:12 as well as half the value of their extensive art collection
02:15 to each entertainer.
02:17 Representatives for Beyonce did not respond
02:19 to Forbes' request for comment.
02:21 (gentle music)
02:24 (gentle music)
02:27 [BLANK_AUDIO]