Beyonce Knowles Net Worth
Beyonce Knowles is a pop singer, entrepreneur, philanthropist, and actress from the United States of America. She has a net worth of $500 million.
Beyonce Knowles originally became a part of the rapping-and-dancing ensemble Girl’s Tyme on the 1990s television show “Star Search.” Girl’s Tyme struggled in the late 1990s but was finally signed to Columbia Records as Destiny’s Child in 1997.
Destiny’s Child recorded seven studio albums, five of which achieved platinum certification. They sold over 50 million albums globally in total.
The trio received the prize for Best R&B/Soul Single for their chart-topping single “No, No, No.” “Say my Name” was one of Destiny’s Child’s most popular singles, winning awards for “Best R&B Performance by a Duo or Group with Vocals” and “Best R&B Song.”
Among Destiny’s Child’s other chart-topping singles are “The Writing’s on the Wall,” “Jumpin, Jumpin,” and “Bills, Bills, Bills.” After completing their record, “8 Days of Christmas,” the trio pursued independent endeavors.
Beyonce went solo and had a string of incredibly successful solo albums. Additionally, she had a major acting career, starring in Dreamgirls, Cadillac Records, Obsessed, and Austin Powers.
Beyonce Knowles makes $80 million in a single touring year from her different enterprises.
Beyonce Knowles Endorsement Deals
While this accomplished Texan is well-known for her contributions to the entertainment world, her astute commercial acumen elevates her to a brand name.
Beyonce’s first endorsement contract was with Pepsi in 2002, followed by agreements with L’Oreal, American Express, Samsung, Ford, and DirectTV.
She has created a variety of perfumes over the years and recently struck a three-year, $20 million agreement with Coty to create a trademark scent. Not to mention her fashion label, House of Dereon, which she co-founded with her mother, Tina.
In 2010, she established her first solo fragrance line. Since 2010, she has launched six fragrance brands with more than $500 million in combined revenue. When combined, her brand is the all-time most successful celebrity scent.
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Deal with Netflix
Beyonce inked a $60 million contract with Netflix in 2018 to furnish the streaming service with three original works. The first, a Homecoming documentary, was published in April 2019 and chronicles her 2018 Coachella performance.
Contrary to a widely circulated online claim, Beyonce did not take a 50% salary reduction to gain the rights to film her Coachella performance. She was paid a typical performance fee and effectively instructed Coachella to allow her to shoot for Netflix.
And when Beyonce informs Coachella that she intends to film her performances, they say yes! That is all.
Beyonce’s most successful business venture is undoubtedly her marriage to Shawn Carter, known as Jay-Z, the hip-hop singer, producer, and multimillionaire entrepreneur.
Blue Ivy Carter, the couple’s first child, was born in 2012. On June 13, 2017, Beyonce gave birth to twins Rumi and Sir.
Did Beyonce Earn from Uber?
Regrettably, the brief answer is no. In May 2019, a report on Twitter claimed that Beyonce paid $6 million in Uber stock for an intimate performance in 2015 and that her shares were worth $300 million following the company’s first public offering.
It is not the case. A few poorly researched publications said that Beyonce was granted 6 million Uber shares, which would have been worth around $270 million pre-tax at the company’s initial public offering.
She received $6 million in Restricted Stock Units in 2015, when the firm was valued at $50 billion. Uber’s market capitalization was $67 billion following its first public offering.
Assuming she never sold a single share and was not diluted in subsequent investment rounds (which is highly improbable), her shares would be valued at about $9 million at the $67 billion market cap.
Additional Interesting Facts
Beyonce surprised Jay with a $2 million Bugatti Veyron Grand on his 41st birthday. Beyonce gifted him a brand new $40 million Bombardier Challenger 850 private jet for Father’s Day in 2012. Shawn Carter is painted on both sides of the plane’s exterior.