Beyonce Knowles is an American actress, entrepreneur, singer, and philanthropist. Jay-Z, Beyonce Knowles’s husband, is worth $1.3 billion on his own. Together, they are worth $1.8 billion as of this writing.
Beyonce Net Worth
Beyonce’s net worth is around $500 million as of February 2023. This makes her one of the richest singers in the world. A report says that Beyonce got $24 million for an hour-long performance at the opening of the fancy “Atlantis the Royal” hotel in Dubai. News says that she is one of the best-paid people in the lucrative world of exclusive events.
Beyonce is one of the most famous and well-paid people in the world. Beyonce Knowles makes $80 million in a touring year from all of her different jobs. She is also the artist with the most Grammys. In February 2023, Beyonce won her 32nd Grammy. This made her the person with the most Grammy wins of all time, passing Georg Solti by one.
As a member of the rapping and dancing group Girl’s Tyme, Beyonce got her first taste of fame on the 90s TV show “Star Search.” Girl’s Tyme had a hard time in the late 1990s, but in 1997, Columbia Records gave the group a new name: Destiny’s Child. Destiny’s Child released seven more albums, and five of them went platinum.
They sold more than 50 million records all over the world. The group’s hit song “No, No, No” won the award for Best R&B/Soul Single. “Say My Name” by Destiny’s Child was one of their most popular songs, and it won awards for “Best R&B Performance by a Duo or Group with Vocals” and “Best R&B Song.”
“The Writing’s on the Wall,” “Jumpin’, Jumpin’,” and “Bills, Bills, Bills” are some of Destiny’s Child’s other big hits. After finishing their album “8 Days of Christmas,” the group decided to go their separate ways and work on solo projects. Beyonce went out on her own, and her solo albums have been very successful. She also became a serious actress, with leading roles in movies like Dreamgirls, Cadillac Records, Obsessed, and Austin Powers.
Endorsement Deals
This successful Texan is known for her work in the entertainment industry, but it’s her business skills that really make her a name to remember. Beyonce’s first endorsement deal was with Pepsi in 2002. L’Oreal, American Express, Samsung, Ford, and DirectTV quickly followed. She has released several fragrances over the years and signed a $20 million, three-year deal with Coty to create a signature scent. Also, don’t forget that she and her mom Tina started a clothing line called House of Dereon.
In 2010, she put out her first fragrance under her own name. She made a total of six fragrance brands in the end, which have brought in more than $500 million since 2010. When everything is added up, her brand is the most popular celebrity scent of all time.
Deal on Netflix
In 2018, Beyonce made a $60 million deal with Netflix to make three pieces of content for the service. The first one came out in April 2019 and was called Homecoming. It was about her performance at Coachella in 2018. Contrary to a popular online rumor, Beyonce did NOT take a 50% pay cut to get the rights to film her Coachella performance.
The truth is that she got a standard performance fee and basically told Coachella that they had to let her film for Netflix. And when Beyonce says she wants to film her shows at Coachella, they say yes. That’s all there is to it.
Beyonce’s marriage to Shawn Carter, better known as Jay-Z, a hip hop artist, producer, and multimillionaire entrepreneur, may have been her best business deal to date. In 2012, they had their first child, Blue Ivy Carter. Beyonce had twins, a girl named Rumi and a boy named Sir, on June 13, 2017.
Did Uber Make Beyonce $300 Million?
The short answer is “no,” though. In May 2019, a story on Twitter went viral that said Beyonce took $6 million in Uber stock for a private performance in 2015 and that her shares were worth $300 million after the company went public.
That’s not right. Some articles that didn’t do enough research said that Beyonce was given 6 million Uber shares, which at the company’s IPO would have been worth about $270 million before taxes. In reality, she got Restricted Stock Units worth $6 million in 2015, when the company was worth $50 billion. After Uber went public, the market value of the company was $67 billion.
If she never sold a single share and didn’t lose any in future investment rounds, which is probably not going to happen, her shares would be worth about $9 million at the $67 billion market cap.
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