Beyoncé/photo credit: Wikimedia Commons
By Face2Face Africa
Beyoncé Knowles, popularly known as Beyoncé, is on her way to becoming a billionaire following the rise of her net worth. The singer’s net worth has been increased following the stellar year the 42-year-old entertainer has had.
In June, Face2Face Africa reported that the singer and entrepreneur had an estimated net worth of $540 million. She now has a net worth of $800 million, thus, $200 million away from becoming a billionaire like her husband, Jay-Z, according to Forbes‘ latest estimation of her net worth.
Forbes said the boost of her fortune can be attributed to her substantial 2023 earnings, anchored on an estimated $100 million (post-tax) from the Renaissance World Tour and an adjustment of her music catalog and art collection. The business magazine noted that the catalog is now worth some $300 million. The personal assets she shares with Jay-Z as well as her business holdings through Parkwood Entertainment make up the remainder of her net worth, Forbes added.
Her Renaissance World Tour, which saw her perform in 17 countries, brought in more than $579 million in revenue, making it one of the top 10 highest-grossing tours in history, according to Billboard.