Queen B for a billionaire? Will Beyonce join Rihanna and Taylor Swift in the billionaires club in 2024?

According to Forbes estimates, Beyoncé’s net worth will increase by nearly $300 million in 2023, reaching an impressive $800 million.

In June, Beyoncé was ranked 48th on Forbes’ annual ranking of America’s richest self-made women, with an estimated net worth of $540 million. A significant increase came from her 2023 earnings, mainly thanks to the lucrative Renaissance tour, which brought in an estimated $100 million after-tax money for her growing empire.

Beyoncé is on track to join two other musical and entrepreneurial superstars with a net worth of more than a billion dollars. Taylor Swift also had an impressive 2023, with Forbes estimating in October that she surpassed billionaire status thanks to her massive Eras tour, which generated $190 million (after-tax) in net income.

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She is on the Forbes billionaires list with a net worth of $1.1 billion, surpassing Rihanna’s net worth of $1.4 billion and placing her as the richest female music artist in the world. All three women are also among the youngest billionaires on the list, as Swift, Rihanna, and Beyoncé are only 34, 35, and 42 years old, respectively.

Forbes noted that the rest of the financial windfall stemmed from adjustments to their earlier estimates of Beyoncé’s music catalog and art collection. The singer’s list is now estimated to be around $300 million, contributing to her overall net worth. Beyoncé also shares personal assets with her husband, Jay-Z, and has a business interest in his company Parkwood Entertainment. Jay-Z is ranked 1,256th on Forbes’ list of real-time billionaires as of January 3 and has a net worth of approximately $2.5 billion from his music catalog, credits and producing various brands.

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The power couple’s real estate portfolio, estimated at $320 million, includes a $200 million mansion in Malibu, California, believed to be the most expensive home in the state’s history. The 40,000-square-foot mansion boasts spectacular views of the Pacific Ocean and is in one of the country’s most star-studded and desirable areas. The property was initially listed for $295 million and the couple negotiated a lower price for the property.

Forbes highlighted the impact of the Renaissance world tour on Beyonce’s net worth, citing figures from Billboard showing $579 million in revenue from the tour. Covering 39 cities in 17 countries from May to October, the tour achieved the highest-grossing record of all time.

Another contributing factor to Beyonce’s financial success was the release of “Renaissance: A Film by Beyonce”, a project she wrote, directed and produced. Similar to Swift’s strategy, Beyoncé made a direct deal with AMC Theaters, bypassing studio participation and ensuring a direct revenue split. Although final box office figures are pending, the film grossed over $27 million worldwide.

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