Beyoncé Knowles always dreamed of being a famous star, not just a performer. By the time she was twenty-one, she had already accomplished her ambition and become a global icon, both as a singer and an actress. Knowles released her first solo album, Dangerously in Love, in 2003, after finding fame with the R&B group Destiny’s Child. “Crazy in Love,” which she recorded with her boyfriend, Jay-Z, was a huge smash in the summer of 2003.
Knowles won several honors, including a Grammy and an MTV Video Music Award, because of the success of this song, which helped catapult the album to multimillion-unit sales. She made her acting debut in 2002’s Austin Powers in Goldmember, the third film in Mike Myers’ Austin Powers franchise.
She co-starred with Cuba Gooding Jr., who won an Oscar, in The Fighting Temptations the following year. Knowles has also secured several high-profile endorsement deals, including those with Pepsi and L’Oréal. Journalists, friends, and family all agree that Knowles has maintained her warm, genuine personality despite the perks of success.
Beyonce Net Worth
Beyonce Knowles has a net worth of $500 million as an American pop singer, entrepreneur, philanthropist, and actor. Beyonce Knowles’s husband, Jay-Z, has an estimated net worth of $1.3 billion, bringing the couple’s total wealth to $1.8 billion as of this writing.
Are Rumors That Beyoncé Made $300 Million Through Uber True?
The simple answer is “no,” unfortunately. In May 2019, a story on Twitter claimed that Beyoncé had accepted $6 million in Uber stock in exchange for an intimate performance in 2015 and that her shares were now worth $300 million following the company’s IPO.
This is not the case. Some poorly reported sources incorrectly claimed that Beyoncé received 6 million Uber shares, which, at the time of the company’s IPO, would have been worth about $270 million before taxes. When the corporation was $50 billion in value in 2015, she received Restricted Stock Units worth $6 million.
Uber’s market valuation after its IPO was $67 billion. Suppose she never sold any of her shares and was never diluted in subsequent investment rounds (which is highly unlikely). In that case, her stake is worth approximately $9 million based on the company’s $67 billion market valuation.
Agreements To Endorse
This accomplished Texan is a household name thanks to her work in the entertainment sector, but she is also respected for her financial acumen. Beyonce’s endorsement career began in 2002 when she signed a contract with Pepsi and has since expanded to include L’Oreal, American Express, Samsung, Ford, and DirectTV.
She has inked a $20 million, three-year deal to create a trademark scent for Coty, and she has previously launched several other fragrances. Plus, she and her mom, Tina, have a clothing line called House of Dereon.
In 2010, she introduced her first fragrance line under her name. Since 2010, her six fragrance lines alone have brought in over $500 million in sales. When added together, her products form the most lucrative celebrity perfume line in history.
Affiliate Agreement With Netflix
Beyoncé and Netflix struck a $60 million content deal in 2018, with the singer agreeing to produce three videos for the service. For starters, in April of 2019, she had a documentary titled Homecoming about her 2018 Coachella performance come out.
Popular online myth has it that Beyoncé took a pay cut of 50 percent so that her Coachella performance could be filmed. The truth is that she was paid the industry norm for a performance fee and blackmailed Coachella into allowing her to film for Netflix. Even when Beyoncé informs Coachella of her want to record her performances, the festival agrees. All it takes is that basic explanation.
To this point, Beyonce’s marriage to Jay-Z (real name: Shawn Carter), a successful hip-hop singer, producer, and business mogul, has been her most lucrative business venture. In 2012, the couple had their first child, a daughter named Blue Ivy Carter. Beyoncé had a daughter, Rumi, and a boy, Sir, on June 13, 2017.
Beyoncé doesn’t appear to be a cheapskate when it comes to spending her money. She and Jay-Z have a $88 million villa in Bel-Air, California, and a $26 million mansion in the posh Hamptons area of Long Island.
Beyoncé bought a private plane as a gift for Jay-Z, and the couple has used it to fly to places like Paris, Ibiza, and Rio de Janeiro.