Singer officially becomes billionaire after Cowboy Carter success, joining Jay-Z and Taylor Swift
Jennifer Hasan
According to Forbes, Beyoncé is officially a billionaire, making her the third female musician in history to cross the threshold.
She became the fifth musician in the magazine’s billionaires club, after Taylor Swift, Rihanna, Bruce Springsteen and her husband Jay-Z.
Forbes said that the star’s album will be released in 2024: Cowboy Carterand its accompanying tour – the world’s highest-grossing in 2025 – have boosted his 10-figure fortune alongside a sprawling business empire, music catalog and new commercial opportunities from genre-bending vinyl.
The Cowboy Carter Tour grossed more than US$400 million ($A597) from ticket sales, according to trade publication Pollstar. Forbes estimates he made $50 million from products sold at the shows.
The star’s 2023 Renaissance World Tour grossed more than $579 million, and her 2016 Formation World Tour grossed more than $320 million. Washington Post reported.
In December 2024, Beyoncé said she earned herself an estimated $50 million by performing live during halftime of Netflix’s first Christmas Day NFL game. Forbes also noted that he generated US$10 million in revenue through Levi’s ads, capitalizing on the country album’s aesthetic.
“When you get to this point in your career, you don’t need to sign someone else, you do it yourself.”
Beyoncé
Forbes predicted: Beyoncé earned $148 million this year, before taxes, making him the third highest-earning musician in the world.
The magazine also cited his company, Parkwood Entertainment, as the key to his financial success. The business produces his music, documentaries and concerts and gives the star in-house control over his empire. He left his father’s management in 2010.
“When you get to this point in your career, you don’t need to sign with someone else and share your money and success; you do it yourself,” he said at the School of Visual Arts in New York City in 2013.
It’s been quite a year for the award-winning star. Album of the year at Grammy Cowboy Carter It won best country album in February after four unsuccessful bids for the grand prize.
Ahead of the record’s release in March 2024, Beyoncé released two country-inspired songs, becoming the first Black woman to top Billboard’s Hot Country Songs chart.
Cowboy Carter It is a tribute to the contributions of black Americans to country music and He became a hit with fans, who often donned cowboy hats and boots in support of the Houston native. The country has long celebrated its origins Despite ongoing scrutiny from some in the industry who say it doesn’t belong in the genre, and despite fierce debate over what truly defines country music.
Beyoncé has been left out of the 2024 Country Music Association Awards nominations despite being one of the biggest industry stories of the year.
“The criticism I faced when I first broke into this genre forced me to push past the limitations placed on me,” the star wrote in an Instagram post last year, apparently referencing the backlash she received in 2016 when CMA audiences criticized her performance of the country song. Dad Lessons.
The star said it took more than five years to create the album and that it stemmed from a period when it was “very clear” that he was not welcome. “Because of this experience, I delved deeper into the history of Country music and delved into our rich music archive,” he wrote.
“My hope is that years from now, talking about an artist’s race will be irrelevant when it comes to releasing musical genres,” he added.
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