Beyonce Knowles Net Worth: Beyonce Knowles is an American pop singer, entrepreneur, philanthropist and actress who has a net worth of $500 million. Beyonce Knowels had her first brush with fame thanks to the 90s TV show Star Search as a member in the rapping-and-dancing troupe Girl’s Tyme. Girl’s Tyme struggled in the late 1990s but was eventually signed by Columbia Records in 1997 under its new name, Destiny’s Child. Destiny’s Child would go on to release seven albums, five of which went platinum. In total they sold over 50 million records worldwide. The group won the Best R&B/Soul Single award for their hit song “No, No, No”. One of the most popular Destiny’s Child songs was “Say my Name” which won the award for “Best R&B Performance by a Duo or Group with Vocals,” and “Best R&B Song.” Other hits by Destiny’s Child include, “The Writing’s on the Wall”, “Jumpin, Jumpin,” and “Bills, Bills, Bills”. After they finished their album, “8 Days of Christmas,” the group decided to go their separate ways and work on solo projects. Beyonce struck out on her own and has released several extremely successful solo albums. She also developed a serious acting career with leading roles in Dreamgirls, Cadillac Records, Obsessed and Austin Powers.
Between June 2018 and June 2019, Beyonce Knowles earned $80 million from her various endeavors.
Endorsement Deals: While this successful Texan is known for her contributions to the entertainment industry, her savvy business acumen makes her a brand name to be reckoned with. Beyonce signed her first endorsement deal with Pepsi in 2002 which was quickly followed by deals with L’Oreal, American Express, Samsung, Ford and DirectTV. She has launched a number of fragrances over the years, and signed a $20 million, three year deal to develop a signature fragrance for Coty. And don’t forget the fashion line, House of Dereon, which she launched with her mom Tina.
She launched her first solo fragrance brand in 2010. She eventually created a total of six fragrance brands which have generated more than $500 million in revenue since 2010. When combined, her brand is the most successful celebrity fragrance of all time.
NetFlix Deal: In 2018 Beyonce signed a $60 million deal with Netflix to provide the streaming service three pieces of content. The first one, a documentary called Homecoming about her 2018 Coachella performance, was released in April 2019. Contrary to a popular online rumor, Beyonce did NOT take a 50% paycut in order to secure the rights to film her Coachella performance. The truth is she received a standard performance fee and essentially told Coachella that they had to let her film for Netflix. And when Beyonce tells Coachella she’s planning to film her shows, they say yes! It’s as simple as that.
Beyonce’s best business deal to date has arguably been her marriage to Shawn Carter, better known as Jay-Z, the hip hop artist, producer and multi-millionaire entrepreneur. The couple welcomed their first child Blue Ivy Carter in 2012. On June 13, 2017 Beyonce gave birth to twins, a daughter named Rumi and a son named Sir.
Did Beyonce Make $300 Million Off Uber? Unfortunately, the short answer is no. In May 2019 a story went viral on Twitter that claimed Beyonce took $6 million in Uber stock for a private performance in 2015 and that after the company’s IPO her shares were worth $300 million. That is not true. A few poorly researched articles made the false assumption that Beyonce was given 6 million shares in Uber, which at the company’s IPO would have been worth around $270 million pre-tax. The reality is that she was given $6 million worth of Restricted Stock Units in 2015 when the company was worth $50 billion. After the company’s IPO, Uber’s market cap was $67 billion. Assuming she never sold a single share and never got diluted in future investment rounds (likely not possible), her shares at the $67 billion market cap would be worth around $9 million.
Beyonce Knowles Net Worth Over Time:
2000 – $10 million
2004 – $20 million
2007 – $30 million
2008 – $55 million
2011 – $140 million
2014 – $250 million
2017 – $350 million
2019 – $500 million
Real Estate: Beyonce and Jay-Z own an extremely valuable portfolio of real estate assets around the world. Here’s a highly reel of the homes we KNOW about –
- In 2008 they purchased a 7-bedroom mansion on the ultra-exclusive Indian Creek Island in Miami for $8 million. They sold this home in 2010 for $9.3 million.
- Beyonce owns a $2.6 million home in New Orleans.
- Jay-Z owns a $10 million apartment in NYC that he bought solo in 2004 for $6.85 million.
- In 2017 Beyonce sold her long-time NYC condo for $9.95 million. She bought the condo in 2005 for $5 million.
- In 2017 Beyonce and Jay-Z together paid $26 million for a mansion in the Hamptons called Pond House.
- In 2017, Beyonce and Jay-Z together paid $88 million for an insane 30,000 square foot mansion in Bel Air, California. Public records show that they took out a $52 million mortgage when they bought the house. Using the mortgage rates that were available at the time, B + J are likely paying north of $250,000 per month on their mortgage for the home that has a full basketball court, 2-acres of land, a 15 car garage, media room, multiple pools and bulletproof windows.
- Together they own a $4 million private island in the Bahamas.
When you total it all up, Beyonce and Jay-Z own at least $150 million worth of real estate in the United States that we can find via public record searches. It’s possible they own more real estate abroad or other properties hidden behind LLCs.
Other Fun Facts: When Jay turned 41, Beyonce gifted him a $2 million Bugatti Veyron Grand. For Father’s Day in 2012, Beyonce bought him a brand new $40 million Bombardier Challenger 850 private jet. The plane’s exterior has Shawn Carter painted on both sides.