Beyonce needs no introduction. You'd be hard-pressed to find someone who doesn't know who the Queen Bee is. The Renaissance singer is a cultural icon, and she has been one for decades. She rose to fame as a part of the Destiny's Child trio.
While she had massive success as a member of the group, her icon status became solidified when she went solo in 2003 with her solo album Dangerously In Love.
She's come a long way from then, and she's also amassed a well-deserved 500 million dollar fortune. While Beyoncé may be rolling in dough now, was this always the case? What was her financial situation like growing up? Did Beyoncé's family have money? Let's answer these questions.
How Much Money Does Beyoncé Make Today?
Before we get into Beyoncé's past, let's go over how much she's making in the present. Beyoncé has multiple revenue streams. From her music to her Ivy Park line, she's certainly not hurting for money.
Her old group, Destiny's Child sold over 60 million albums, which undoubtedly made her a pretty penny, even if she had to split the earnings three ways. Her debut album sold over 7 million copies. Her 2016 album Lemonade sold 653,000 units in a week and earned $105 million dollars in a year.
Album sales aren't the only way Beyoncé earns money from her music. She also earns incredible amounts from touring. Her latest tour, the Renaissance Tour, is expected to make anywhere from 200 million dollars to a whopping 2.1 billion. Beyoncé is clearly excited about her latest project, The star had this to say on Instagram upon its release.
Beyonce's Most Iconic Looks
"Creating this album allowed me a place to dream and to find escape during a scary time for the world. It allowed me to feel free and adventurous in a time when little else was moving. My intention was to create a safe place, a place without judgment."
"A place to be free of perfectionism and overthinking. A place to scream, release, feel freedom. It was a beautiful journey of exploration. I hope you find joy in this music. I hope it inspires you to release the wiggle. Ha! And to feel as unique, strong, and sexy as you are."
Beyoncé is an extremely well-rounded person, so it should come as no surprise that she's also an actress. While we can't say for sure how much money she earned from her acting roles, reports say that she brought in $60 million from her three projects with Netflix.
Did Beyoncé Have Money Growing Up?
The answer is yes.
Beyoncé herself can be quoted as saying, "I didn’t grow up poor. I went to private school; we had a very nice house, cars, a housekeeper. I wasn’t doing this because I didn’t have a choice, or to support the family, or because I had to get out of a bad situation. I just was determined; this is what I wanted to do so bad”
Beyoncé's father, Mathew Knowles, had a job as a Xerox sales executive, where he achieved great success. He was able to use this success to provide a comfortable life for his children. Her mother, Celestine “Tina” Knowles, was a hairdresser who owned her own salon. Beyonce went to St Mary's Montessori School, a private school in Houston.
It may come as a surprise, but Beyoncé was shy growing up. Here's what her mom has to say about Beyonce during her childhood.
"Beyonce was very shy around children, and one of the reasons we put her in dance classes was so she’d have some little kid friends. When she was seven, her dance teacher, Miss Darlette, told me she was special, and you know, everyone thinks their child is special, so I just said ‘O.K."
She continues, "But then Beyoncé entered this contest—she was going to sing John Lennon’s ‘Imagine’—and her dad started working with her three days before, telling her what the song was about. When she got onstage she was just a different kid; she was so confident and she looked so happy, and we were like, ‘Who is that?’ After that, there was no stopping her—she was obsessed"
What Are The Most Expensive Things That Beyoncé Owns?
Beyoncé has incredible wealth, so it's no surprise that she owns more than a few nice things. She recently purchased a 200-million-dollar Malibu mansion with her husband, the most expensive house in California.
Even before this noteworthy purchase, Beyoncé owned a massive compound in Los Angles that's worth a staggering 88 million dollars. The massive structure has 8 bedrooms, a basketball court, four swimming pools, a personal spa, and a fitness center.
Beyoncé's celebrity lifestyle requires her to travel a lot, and she does it in style. Beyoncé reportedly purchased a 40 million dollar private jet for her husband, Shawn Carter, better known as Jay-Z. Jay-Z isn't the only member of her family that Beyoncé is willing to spoil. Beyoncé brought a golden rocking chair for her daughter Blue Ivy valued at 600,000 dollars.
These are only a few of the luxury items that Beyoncé owns, but one thing is for certain: she earned everything she has.
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