Beyoncé Net Worth: What You Need to Know

As a dancer, singer, and songwriter, Beyoncé has made quite a name for herself in the music industry. She’s also an actress and a successful businesswoman, which might make you think: How much is Beyoncé’s net worth?

As of December 2022, Queen Bey has a net worth of $450 million to $500 million. 

In this article, we’ll explore everything you need to know about Beyoncé’s net worth and income, her career steps, family, and early life.

Net Worth

Beyonce is listed as one of the richest singers in the world, alongside some big names in the industry, like Mariah Carey, Shania Twain, and Taylor Swift. As of January 2023, Beyonce’s net worth has reached $500 million.

It’s no wonder she’s one of the 12 richest pop divas of 2022.

In addition, her husband—music mogul Jay-Z—is worth $1 billion, putting their total net worth at $1.5 billion. 

Early Life

Beyoncé Giselle Knowles Carter was born on September 4, 1981, in Houston, Texas to Mathew and Tina Knowles. Her father is a record manager, while her mother is a hairstylist and a costume designer.

As a child, Beyoncé attended St. Mary’s Montessori School in Houston and the High School for the Performing and Visual Arts. She was only seven years old when she developed a keen interest in music and stage performance. 

Bey began joining local talent competitions—one, in particular, is the Star Search. She formed the band “Girl’s Tyme” with her childhood friends and began her career as a singer. 

They signed a recording contract with Columbia records under the new name “Destiny’s Child.”

The first major song that the group released was “Killing Time” for the movie Men in Black.

By the late 1990s, Beyoncé was best known as the lead singer of the R&B girl group, which then became one of the world’s best-selling girl groups of all time.

Her father, Mathew Knowles, managed her career. However, she announced in March 2011 that she was going to manage her projects on her own.

Private Family Life

In 2002, Beyoncé started dating American rapper Jay-Z and collaborated with him on several music tracks. They kept their relationship private, making them one of the most private couples in Hollywood. 

They married on April 4, 2008 in a small and private ceremony in New York City. Among the few spotted guests were her sister, parents, and friend Gwyneth Paltrow.

Then on August 28, 2011, Bey announced at the MTV Video Music Awards that they were expecting their first child.

She gave birth to a baby girl on January 7, 2012, at Lenox Hill Hospital in New York. They named her Blue Ivy Carter. Two days after she was born, Jay-Z released and dedicated the track ‘Glory’ to their two-day-old daughter.

Blue Ivy was officially credited because the rapper included her cries at the end of the song. This makes her the youngest person to appear on the charts.

In 2017, Beyoncé gave birth to twins Rumi and Sir Carter.

Income

Queen Bey is listed in Forbes’s ranking of America’s Richest Self-Made Women. She made her fortune as a songwriter, actress, and businesswoman. 

Let’s take a closer look at her revenues: 

Single and Album Sales

Up to date, Beyoncé’s digital sales are at $113.5 million, blasting past Justin Bieber, Katy Perry, and The Weeknd.

According to the RIAA, Beyoncé has sold 114 million singles and 29.5 million albums in the U.S. 

In August 2022, the RIAA listed over 171 million of her total certified sales in the U.S. This includes 45 singles that Beyoncé is featured in.

One of her biggest-selling singles, though, is 2008’s “Single Ladies.” The track sold about 7.75 million copies, so it went triple platinum in the U.S.

Overall, the song earned $7.56 million. 

Another one of her hit singles is ‘Crazy in Love,’ which was released in 2013. It sold 3.75 million copies, earning $7.5 million.

Queen Bey’s other profitable songs are “If I Were a Boy,” “Halo,” and “Irreplaceable.” The tracks grossed between $5.5 million to $6 million.

On the other hand, Beyoncé’s highest-selling album is Lemonade. In fact, it was the world’s best-selling album in 2016 according to Variety. 

It sold 2.5 million units, earning $7.7 million. 

Moreover, her most recent album is Renaissance, which debuted at No. 1 on the Billboard 200.

She’s the first woman to debut all seven of her solo albums at the top spot of the chart. Although Renaissance wasn’t as big as Lemonade’s debut, it went four times RIAA platinum in the U.S. This means that the album sold about four million copies nationally. 

It’s the biggest debut of the year so far, with 332,000 units earned.

In addition, Renaissance also dominated Spotify’s top albums charts in the U.S. in August 2022.

Therefore, aside from record sales, Beyoncé Knowles made approximately $579 thousand via the streaming platform. This is based on her roaring 115,766,825 streams.

Tours

Beyoncé’s highest-grossing tour to date is “The Formation Tour.” Live Nation confirmed that the tour sold out multiple stadium dates, selling nearly 1.1 million tickets.

According to Billboard, The Formation Tour reached a revenue of $250 million.

Moreover, her other stadium tours ranked as the Highest Grossing Hip Hop Tours, including “On the Run,” “The Beyoncé Experience,” “I…Am Tour,” and “Mrs. Carter World Tour.”

Movies and Soundtracks

Aside from Queen Bey’s music career, she also appeared in several films, such as Austin Powers, Cadillac Records, Obsessed, and Dreamgirls. 

She also voiced characters from animated films and live-action remakes, like Epic and The Lion King.

Although her acting salary was kept under wraps, rumor has it Netflix paid her $60 million for three project deals, including her documentary film Homecoming, which features her Coachella performance in 2018. She was reportedly paid $3 million for headlining the show.

Moreover, in her starring role as Nala in The Lion King, Disney reportedly paid Beyoncé $25 million.Partnerships

Partnerships or Endorsement Deals

Beyoncé worked with lots of popular brands throughout her career. Some examples are Tommy Hilfiger and Armani. 

Some of her highest-paid endorsement deals were with Pepsi. The company paid her $50 million for endorsing their products. 

One of her best partnerships, though, is her collaboration with Tiffany & Co. for the “About Love” campaign. She wore some of the brand’s iconic pieces, like the 128-carat diamond. 

Her other endorsement deals are with Ford, Samsung, DirecTV, L’Oreal, and American Express.

Business Ventures

Beyoncé successfully ventured into business as well. She owns a production company called Park Entertainment, which was founded in 2010. 

It has over 60 employees, and its estimated revenue per year is $10 million.

The company focuses on movie and music production. Some great examples are Obsessed and Cadillac Records. It also produced Beyoncé’s documentary film Life Is But a Dream.

Moreover, Park Entertainment also ventured into fashion design. The company produced “Ivy Park.” It’s the company’s first streetwear line selling accessories, swimwear, tops, and bottoms.

Career Steps

Beyoncé struck a massive career when she and her fellow Destiny’s Child members parted ways to pursue individual projects.

Here are Queen Bey’s career steps:

1. Destiny’s Child

At age nine, Queen Bey formed a rapping and singing group with her friends. However, Destiny’s Child lost on the television talent show “Star Search,” and their contract dropped before they managed to release an album.

After years of limited success, the girl group signed another record deal with Columbia in 1997, which resulted in several career opportunities.

Their self-titled debut album produced their hit single called “No, No, No Part 2.” Their second studio album The Writing’s on the Wall sold over eight million copies in the U.S. and earned two Grammys. 

Then, their third album Survivor reached the number one spot on the Billboard 200 chart. 

2. Solo Career

Eventually, Destiny’s child parted ways and went after individual projects. 

Beyoncé wrote and released her first studio album Dangerously in Love in 2003, yielding the chart-topping single “Crazy in Love.”

The album featured Jay-Z and debuted to positive reviews.

Since the release of Bey’s first solo album, she’s been topping charts and winning several remarkable accolades, like the Grammys. 

Her first album Dangerously in Love won five Grammys, which includes Best R&B Vocal Performance and Best Contemporary R&B Album. 

In fact, her third solo album I am…Sasha Fierce earned six Grammys, which contributed to her dominance at the 2010 Grammy Awards. 

Beyonce’s awards amounted to the most Grammys won by a female artist in a single night.

3. Destiny’s Child Reunion and Official Disbandment

In 2004, Destiny’s Child reunited to release Destiny Fulfilled. Although the album wasn’t as acclaimed as their previous ones, it sold over seven million copies worldwide. It also yielded several hit singles.

The girl group embarked on a world tour where they announced that they were officially going to disband. In the same year, they released their compilation album Nuclear, containing their number one hits, like “Survivor,” “Soldier,” and “Stand Up For Love.”

However, the group reunited in 2013 for a halftime show appearance at the Super Bowl.

Although the fans have speculated a reunion in 2021, Bey’s father and Destiny’s Child manager said there wasn’t going to be a reunion in the near future.

4. Coachella Valley Festival

In 2018, Beyonce became the first black woman to headline Coachella in Indio, California. 

Her highly acclaimed performance featured marching bands from black colleges. 

The performance became the subject of her Netflix documentary series called Homecoming.

5. Acting Career and Movie Soundtracks

Beyoncé’s acting debut was in 2001 for a television movie called Carmen: A Hip Hopera. After playing parts in The Fighting Temptations and The Pink Panther, she became a film star.

Then, in 2006, Beyonce starred as Deena Jones in the movie Dreamgirls. It’s a film adaptation of the Broadway musical about a singing group in 1981. Her performance was nominated for a Golden Globe Award.

In addition, she wrote and performed the soundtrack “Listen,” for the movie. The song was nominated for an Academy Award.

Later on, she portrayed Etta James in a movie called Cadillac Records and voiced the forest queen in the animated film Epic.

Moreover, her most recent acting project is the remake of Disney’s The Lion King. She provided the voice of Nala and co-wrote several songs on the soundtrack, including “Spirit.”

She also performed a rendition of “Can You Feel the Love Tonight.” At the same time, Bey released an album inspired by The Lion King. 

The songs in The Lion King: The Gift were featured in her visual album called Black Is King. In fact, her single “Black Parade” won the Grammy for Best R&B Performance in 2021. 

In the same year, she also received three awards, setting her record for a total of 28 Grammy wins. 

It’s the most Grammys won by a female artist!

Later in 2021, she co-wrote and performed “Be Alive” for the biographical sports drama film King Richard. The track received an Oscar nomination for Best Original Song.

To Wrap It All Up

So, how much is Beyoncé’s net worth? Up to date, her network sits at $500 million. Bey’s main sources of revenue are her single and album sales as well as tours. 

Besides that, Queen Bey has taken leading roles in several films. She also wrote and performed countless movie soundtracks. 

Before she became a highly-paid entertainer, she started as a member of an award-winning R&B singing group called “Destiny’s Child.” 

After their success, though, the group decided to pursue other projects. Although they’ve officially disbanded, Bey struck a career on her own and became a legend in the music industry. 

Some fans suspected that the group might still reunite. However, Mathew Knowles—the manager of Destiny’s Child—said the girl group won’t be having a reunion any time soon.