They don’t call Beyoncé the queen for nothing. The singer who just released her seventh studio album Renaissance July 29 is one of the most successful artists of all time. After beginning her career as the frontwoman of the girl group Destiny’s Child, Beyoncé’s solo career began in 2003 with the Dangerously in love album that spawned the hit songs “Crazy In Love” and “Baby Boy”.
Since then, Beyoncé has remained a hit-maker on the music scene – her new single “Break My Soul” was the greatest solo song debut by a female artist so far in 2022 – and regularly attracts large crowds for her in-person event tours.
But she’s also dabbled in various other ventures to build massive wealth, including creating and running a popular sportswear line, a stake in a music streaming service, and interest in the cannabis space. that will excite hemp and CBD lovers. With all of this on the table, it’s no surprise she’s amassed a large stack of coins. Here’s exactly how Beyoncé became a multi-millionaire.
7 Ways Beyoncé Made Millions
Beyoncé is still first and foremost an artist, although singers and musicians don’t usually make most of their money from their craft. Yet when you’ve had such a long and successful career as Queen Bey, music sales contribute significantly to the bottom line.
Destiny’s Child officially disbanded in 2006, but the group is believed to have sold over 60 million albums worldwide (although it should be noted that Beyoncé had to split that revenue among the other band members). His solo career hasn’t seen such high numbers, especially since the industry has shifted to streaming, but album sales are no laughing matter. His first album Dangerously in love sold 11 million albums, 2006 B’Day and 2008 I am…Fierce Sasha sold 8 million eachand 4 sold about 3 million. Beyoncé surprised everyone in 2013 with her self-titled album, which broke iTunes records for most first-week album sales, and followed that up with her acclaimed visual album in 2016. Lemonade which ended the year as the best-selling album of the year. Bey has received 79 Grammy nominations throughout her career – the most of any female artist in Grammy history – and has won 28 of those awards.
In 2019, the London Evening Standard estimated that Beyoncé earned $13 million from album sales – a figure that will only increase with Renaissance.
Beyoncé’s concerts are events in themselves, and the singer earns a good portion of the money from ticket sales. Her highest-grossing tour stop to date was when she played at Wembley Stadium for the Training tour — the two sold-out shows alone grossed over $15 million. Beyoncé banked over $250 million for this entire tour.
Other high earners include the years 2009-2010 I am… world tour at $119.5 million, the 2013-2014 Ms. Carter World Tour at $229.7 million and the two On the run tours with her husband Jay-Z which have grossed over $360 million in total.
Beyoncé also headlined the Coachella music festival in 2018, but her salary from the gig is disputed. Older reports put his salary at $4 million, half of what The Weeknd received for the headliner in 2022 when he replaced Kanye West, and what Ariana Grande did for her appearance. in 2019. But a Billboard The article suggests that Bey’s check was actually between $8 million and $12 million, which is more in line with what she’s worth.
Before Ivy Park, Beyoncé created a clothing line with her mother. House of Deréon, named after her grandmother, was launched in 2006 before closing shop in 2012. Her sportswear line Ivy Park was first launched in 2014 in collaboration with Topshop and its retail partner Sir Philip Green before Bey developed the clothing line into a standalone business in 2016. Two years later, she took over full ownership of the brand and managed a partnership with Adidas. The 2020 merchandising drop sold out in one day.
Another winter-themed collection with Adidas, Icy Park, also sold out within days when it was released in 2021. Details of its deal with Adidas have not been made public, but the design company sport expects even more profits from Ivy Park. than Kanye West’s Yeezy brand, which made over $1.5 billion in sales in 2019.
4. Streaming Service Tide
Tidal, the music streaming service launched by Beyoncé’s husband Jay-Z, has seen a long list of A-List musicians jump in as early investors. It seems that the strategy has paid off for the top 15 artists: according to Billboard, “each act received 3% of Tidal’s equity in an effort to provide exclusive content that would help drive value for the subscription price.” Although streaming exclusives were quickly becoming a thing of the past, the equity deal proved its worth when Jay-Z sold his majority share of Tidal to Twitter CEO Jack Dorsey in a deal. of $297 million, which ended up paying $8.9 million to each of the first. stakeholders such as Beyoncé, Alicia Keys, Kanye West, Rihanna and many more.
Queen Bey has long been the face of many brands, including L’Oreal and Pepsi. She first appeared with the brand of soda in 2004 and renewed her contract a decade later with a price tag of $50 million. His five-year contract with L’Oréal is reportedly worth $4.7 million. The singer also had deals with Tommy Hilfiger, Adidas, H&M, etc.
6. Actor and film concerts
Although it’s not her first gig, Beyoncé has tried her hand at Hollywood as an actress in several films. IMDb reports that his films have a total box office of over $3 billion. Sure, she didn’t pocket all that amount, but her roles in movies ranging from Austin Powers at Obsessed certainly added to his results. Bey also lent her voice to the 2019 remake of The Lion King, who The Hollywood Reporter speculated earned him $15 million (although Vibe suggests an even higher figure of $25 million).
In 2020, it was reported that Disney was doubling down on its partnership with Bey with a $100 million deal for his work on three other projects, including black is king and a report on the next black panther 2 soundtrack.
Beyoncé has also struck a deal with Netflix to bring her Back home tour documentary to the streaming service. The deal is estimated at $60 million and includes two other as yet unannounced projects.
7. Other business ventures
Beyoncé is the latest celebrity to jump on the cannabis/CBD bandwagon and recently announced that she is building a hemp and honey farm. “I discovered CBD on my last tour, and experienced its benefits for pain and inflammation,” Beyoncé said. Harper’s Bazaar in 2021. “It helped me with my restless nights and the restlessness that comes from not being able to fall asleep. Now I’m building a hemp and honey farm. I even have beehives on my roof! We unclear if and when it will start selling to the public, but we do know it will fly off the shelves when it does.
The singer also became a key investor in an Atlanta-based flavored water brand called Lemon Perfect. “I don’t usually enjoy drinks with no added sugar, but Lemon Perfect is delicious,” Beyoncé said in a statement posted on Lemon Perfect’s website. “It was an easy decision to invest in something that not only tastes great and is healthy, but also, and most importantly, empowers people to choose a healthier lifestyle to be affordable and accessible to everyone.” Beyoncé hasn’t revealed how much she’s invested in the brand, but Lemon Perfect recently received $31 million from a group of investors, bringing their total valuation to over $100 million.
What is Beyoncé’s net worth?
Queen Bey has her hands in a lot of things and her net worth is estimated at $500 million, according to Celebrity Net Worth. Of course, she’s also married to Jay-Z, who himself is worth over a billion dollars. Not too shabby for House Carter!