3 weeks ago
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Beyoncé has officially entered billionaire territory, cementing her status as one of the most powerful figures in global pop culture. According to Forbes, the 44-year-old superstar is now worth an estimated US$1 billion, making her the fifth musician in history to reach the milestone — and notably, one who built her fortune almost entirely from music.
The Houston-born icon now stands alongside husband Jay-Z, Taylor Swift, Bruce Springsteen and Rihanna in the elite billionaires’ circle. While Jay-Z’s wealth spans spirits, tech and venture capital, and Rihanna’s fortune is largely driven by Fenty Beauty, Beyoncé’s financial ascent is rooted in ownership, touring and creative control. Much like Swift, she commands near-total authority over her brand, catalogue and live productions — a strategy that has paid off handsomely.
At the centre of her empire is Parkwood Entertainment, the company she founded in 2008 to produce her music, tours, films and documentaries. Though the model demands higher upfront investment, it allows Beyoncé to retain a far greater share of profits. That approach reached new heights with her last two blockbuster tours. Forbes estimates the Renaissance World Tour grossed a staggering US$600 million, while the Cowboy Carter Tour added another US$400 million in ticket sales, plus at least US$50 million in merchandise revenue.
Her billionaire moment also reflects a long-stated vision. “I wanted to be a powerhouse and have my own empire,” Beyoncé said in a 2013 interview, referencing her desire to follow in Madonna’s footsteps and show women they could own their success outright. With Renaissance and Cowboy Carter confirmed as the first two chapters in a planned three-album genre-spanning series, her net worth — and cultural dominance — may still be climbing.
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