Forbes says there are 22 billionaire entertainers in total, and almost half of them reached billionaire status in the last three years. Beyoncé is only the fifth musician ever to become a billionaire. The other musicians in this elite group are Jay-Z, Taylor Swift, Bruce Springsteen and Rihanna. Jay-Z is Beyoncé’s husband and was already a billionaire before her.
Renaissance tour breaks records
In 2023, Beyoncé launched the Renaissance World Tour, which became a major turning point in her career. The Renaissance World Tour featured three-hour shows that covered her entire music career. The tour made nearly $600 million in ticket sales. This made it one of the biggest concert tours of 2023.
The tour was a big success. Because of this, Beyoncé became as powerful and famous as Taylor Swift in pop music, according to Forbes. Beyoncé was 44 years old at this time. Instead of slowing down, she tried something new. In 2024, Beyoncé released Cowboy Carter, a country-style album.
New album expands her reach
The album helped her reach new audiences and new markets. Cowboy Carter also led to a Christmas Day NFL halftime performance. The album later became part of what turned into the highest-grossing concert tour of 2025. The combined success of her music, tours and businesses pushed her net worth past $1 billion. Beyoncé’s financial journey started taking shape in 2010.
In 2010, she founded her own company called Parkwood Entertainment. Through Parkwood, Beyoncé began managing almost every part of her career herself. The company controls her music, films, documentaries and concert productions, as stated in the report by 10WBNS via Forbes. Parkwood often pays upfront for projects so Beyoncé can keep more long-term profits.
Beyoncé talked about her thinking in a 2013 interview while promoting her self-titled album. She said that when she chose to manage herself, she did not want to work with a big management company. “I wanted to be a powerhouse and have my own empire”, as stated by 10WBNS. Over the years, Beyoncé expanded into several business industries beyond music. She launched a hair care brand called Cécred. She also started a whiskey brand named SirDavis.
Big tours drive most of her wealth
Beyoncé created the Ivy Park clothing line, which later shut down in 2024. Even with these businesses, most of Beyoncé’s wealth still comes from music. She earns heavily by owning her music catalog instead of selling it. Stadium-sized tours have been a major source of her income. Live concerts have become more profitable after the pandemic, especially for big stars. Beyoncé fully embraced large, high-budget live performances.
Tickets for the Cowboy Carter Tour promised fans almost three hours of music. The tour included movie-like visuals and massive stage designs. Show highlights included a flying car on stage. Robotic arms were used to serve her SirDavis whiskey during the show, as stated by 10wbns via Forbes. The stage also featured a golden mechanical bull. Jay-Z appeared as a guest performer during some shows.
Beyoncé’s children also appeared on stage with her. Her former Destiny’s Child bandmates joined her during select performances. All these elements together helped turn Beyoncé into one of the richest and most powerful celebrities alive.
FAQs
Q1. How did Beyoncé become a billionaire?
She became a billionaire through hit music, record-breaking world tours, owning her songs, and smart business deals.
Q2. Is Beyoncé one of the richest musicians in the world?
Yes, Beyoncé is now one of the richest musicians and one of the few entertainers with over $1 billion in net worth.