Black Billionaire Beyoncé’s Fortune Extends Beyond Just Music
Beyoncé Knowles-Carter, 31, has established herself as more than just a run-of-the-mill superstar; she has successfully extended herself and her brand into a number of profitable ventures worthy of the most astute of entrepreneurs.
Beyoncé makes fabulous music, that’s definitely a given; but Mrs. Carter has managed to spin wool into gold in a number of partnerships and smart business deals.
Obviously, a huge chunk of her income (estimated at over $80 million last year) is derived from recorded music sales — by way of discs and downloads. But, her income goes well beyond her recorded music to also include live concert performances, which pay very handsomely and are very well-attended around the globe.
Next, you might add in her substantial promotional arrangements with companies like Pepsi (with a new multiyear contract signed that’s been estimated to be worth around $50 million).
Beyoncé also has managed to build her House of Deréon brand, which includes ready-to-wear clothing for women and teens.
The brand includes fashionable clothing, handbags, shoes and accessories, and, reflecting her diversity; she’s also teamed up with Tommy Hilfiger to produce branded perfumes (in addition to her cosmetics endorsements with L’Oreal).
Another piece of the Beyoncé business empire involves acting in several blockbuster movies; she’s had starring roles in movies ranging from Dreamgirls to Obsessed to her newly-released biopic “Life Is But a Dream.”
Beyoncé has proven that she has an incredible range, and the capacity to adapt and take advantage of opportunities as they present themselves.
As part of a growing number of black power elites in Hollwood, there are bound to be many more successful brands springing from this talented young woman.