Beyonce may have reached Billionaire status on her own – even without her husband Jay Z, Media Take Out has learned.
According to a new estimate from Forbes magazine, the singer’s net worth has ballooned by nearly $300 million this year to $800 million.
In June, Queen Bey, 42, was ranked as number 48 on the financial magazine’s annual ranking of the richest self-made women in America with a then-estimated worth of $540 million. The boost in the singer’s bottom line was attributed to Beyoncé’s 2023 earnings, specifically the estimated $100 million she pulled in from the Renaissance tour.
Forbes estimated that the rest of the financial windfall was a result of the magazine’s adjustment of their previous estimate of her music catalog and art collection; Forbes estimated that the singer’s catalog is now worth around $300 million. The remainder of her net worth comes from a combination of the personal assets Bey shares with husband Jay-Z and business holdings in her Parkwood Entertainment company.
Forbes said that the couple’s real estate portfolio is worth an estimated $320 million, including a $200 million Malibu, CA mansion they bought in June, which is believed to be the most-expensive home in California history.
Citing Billboard figures, Forbes reported that the major bump to Beyoncé’s net worth came from the tour, which ran from May to October and hit 39 cities in 17 countries, with $579 million in revenue, making it one of the highest-ever grossing tours.
Her newly released film Renaissance: A Film By Beyoncé, which she wrote, directed and produced – also contributed millions to Beyonce’s bottom line.
Like Taylor Swift, Bey struck a direct deal with AMC Theaters that worked around studio participation and allowed for a direct split of revenue; final box office figures are not yet available, but the movie grossed more than $27 million worldwide in its opening frame.
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