Beyonce Net Worth
Beyonce Net Worth: $450,000,000
Sources: Pepsi, Beyond Productions, House of Deréon, L’Oréal, acting roles, modeling, endorsements
“I have a lot of property. I’ve invested my money and I don’t have to make any more, because I’m set. I’m now able to really be free and just do the things that make me happy.” – Beyonce
Beyonce Knowles is a singer, actor, model, fashion designer, and entrepreneur. She was born in Houston, Texas, and has a net worth of $450 million.
Beyonce was a star from an early age, entering and winning performance contests when she was as young as seven years old. At the age of 11, she was part of an R&B group called Girl’s Thyme, which appeared on the popular TV show “Star Search.” This group would go on to become Destiny’s Child and sign with Columbia Records in 1997.
Destiny’s Child was Beyonce’s first major move, and it propelled her into R&B stardom. In took the release of four studio albums to make Destiny’s Child the number one selling female group of all time, with much of that success coming from number one singles like “Say My Name,” and “Survivor.”
It was during this time that Beyonce also began to launch her lucrative modeling career. When she was 18, she signed a contract with L’Oreal, and continues to model for them today.
Not satisfied to keep going down the same path, the members of Destiny’s Child agreed to take a break in 2001 to pursue their respective solo careers. Of all the former members, Beyonce has easily become the most successful. The break gave her a chance to launch her acting career, and she landed her first major role as Foxxy Cleopatra in “Austin Powers: Goldmember” in 2002. She then went on to release her first solo album “Dangerously in Love” in 2003, which included four top ten singles and won her five Grammy awards.
Destiny’s Child reunited briefly in 2004 for a reunion tour and to release on final album before disbanding again. Since then, Beyonce has continued to build her acting and modeling careers, and has also expanded her reach into fashion, beauty products, film production, and numerous product endorsements. Here are some of the ways that Beyonce pulls in an income these days.
In addition to the seven albums Destiny’s Child put out, which have sold over 50 million copies worldwide, Beyonce has also released four of her own albums. Her latest album, “4,” went platinum in the US. To date, she has won a total of 17 Grammy awards for her musical efforts.
Despite all of her other entrepreneurial endeavors, as well as the birth of her first child Blue Ivy in 2012, Beyonce has managed to maintain a busy touring schedule. Her last tour brought in $119.5 million, and took her all around the world with a total of 108 shows.
Since her 2002 breakthrough in “Austin Powers: Goldmember,” Beyonce has starred in a number of other feature films including “The Fighting Temptations,” “Cadillac Records,” and “Obsessed.” She will also make her voice-acting debut in the animated film “Epic,” which is set to be released in the U.S. in May 2013.
In addition to acting in “Obsessed” and “Cadillac Records,” Beyonce also acted as co-executive producer for these two films. “Obsessed” was the most successful of these films, and went on to gross over $68.2 million. In addition, her role as Etta James in “Cadillac Records” in 2008 may have helped to secure her spot at what is perhaps her most historically important performance: Singing Etta James’ “At Last” for Barack and Michelle Obama at the 2009 Presidential inauguration.
Since starting at the age of 18, Beyonce’s modeling career has seen her on the cover of magazines such as Vogue, GQ, Bazaar, Elle, and Marie Claire. She was also the first non-career model to appear on the cover of a Sports Illustrated Swimsuit Edition.
In keeping with her reputation of staying close to family, Beyonce founded her own fashion line called House of Deréon with her mother in 2005. In keeping with the family theme, the name Deréon is taken from Beyonce’s grandmother, Agnèz Deréon. The clothing line has now spawned a number of collections that include footwear, accessories, eyewear, lingerie, and a junior collection. The clothing line even inspired a mobile game called Beyoncé Fashion Diva, which was launched by Starwave Mobile in 2008.
Perfumes and Beauty Products
Beyonce made her first major venture into the beauty industry in 2004 when she launched a fragrance called “True Star” with Tommy Hilfiger. The brand paid her $250,000 for the deal, which included product launches, photo shoots, and a TV commercial. Following up on this success, she launched another fragrance with them called “True Star Gold” the following year.
She then went on to endorse a perfume called “Diamonds” by Emporio Armani. Then, in 2010, came the release of her own official fragrance, “Heat.” She followed this up with two more signature scents in 2011: “Heat Rush” and “Pulse.”
In what is probably her biggest deal to date, Beyonce signed a $50 million contract with Pepsi in 2012. She has worked with Pepsi on previous ad campaigns, appearing in five TV commercials for the soft drink giant since 2002. The latest agreement, however, goes beyond simple product endorsement, and part of the $50 million is slated to be used as a “fund to support the singer’s chosen creative projects.” This type of partnership, which makes the artist more of a full-fledged partner than a sponsor, may soon become the new norm for stars of this caliber. The Beyonce-Pepsi agreement bears striking resemblance to both the 50-50 profit sharing deal that Diddy signed with Cîroc Vodka in 2007, and the deal that Beyonce’s own husband, Jay-Z, signed with LiveNation worth $152 million to create RocNation, and the Anheuser Busch beer company in 2006 which made Jay-Z “co-brand director” of Budweiser.
Beyonce’s other product endorsements include deals with American Express, Samsung, Ford, and DirectTV.
Beyonce made her television directorial debut in February 2013 with her autobiographical HBO special “Life is But a Dream.” The documentary, which was released as part of the promotion for her album “4,” attracted 1.8 million viewers for its one-night appearance.
Latest Venture: Mrs. Carter in H&M
Coming up in the summer of 2013, Beyonce will take part in the “Mrs. Carter in H&M” campaign, which will see her starring in print and television ads for H&M’s summer line. She will also provide the soundtrack for the campaign with a new song called “Standing on the Sun.” The clothing that makes up the campaign will reportedly be inspired by Beyonce’s own personal style.
With all of these deals on the go, this is a girl who is well on her way to literally running the world. And with so much momentum behind her, and so many projects lined up, it almost seems like the 31-year old is just getting started. Plus, in the end, it probably doesn’t hurt to be married to someone like Jay-Z, who boasts his own net worth of $500 million.