Beyoncé declared the fifth billionaire musician by Forbes

Beyoncé has joined the ranks of billionaires, according to Forbes, becoming the fifth musician to be crowned the elite status.

The Grammy Award-winning superstar now stands alongside Taylor Swift, Bruce Springsteen, Rihanna and her husband Jay-Z, according to a report published by the outlet Monday.

The 44 –year-old’s financial ascent follows a landmark year in her career. Beyoncé took home the industry’s top trophy, winning Album of the Year at the 2025 Grammy for her country album “Cowboy Carter,” released the year prior. She also made history as the first Black woman to win the award for Best Country Album.

With 35 Grammy wins and 99 nominations, she is the most-awarded artist in the history of the awards, including those she won with Destiny’s Child, a chart-topping girl group that helped launch her storied career.

The “Cowboy Carter Tour” grossed more than $400 million, making it the highest-grossing country tour in history, Reuters reported, citing Live Nation.

In 2024, music charting site Billboard named her the greatest pop star of the 21st century highlighting “her full 25 years of influence, impact, evolution,” Billboard’s Andrew Unterberger wrote.

Her 2023 “Renaissance World Tour” drew massive crowds, with fans – known collectively as the BeyHive – flocking to see her perform across Europe and North America.

In Stockholm, where she kicked off the tour, fanfare drove up hotel and restaurant prices and even slowed down Sweden’s declining inflation, according to economists.

In addition to her musical achievements, Beyoncé has built a diverse business empire. She has launched successful clothing and hair care lines, and expanded into the beverage industry with a whisky brand named after her great-grandfather, SirDavis. Her entrepreneurial ventures have contributed to her growing fortune.

Beyoncé’s road to superstardom began in the early 1990s, when she appeared on “Star Search” as part of Girl’s Tyme, a six-member group. She later joined Destiny’s Child, which became one of the best-selling girl groups in the late 90s and early 2000s.

The group’s other members, Michelle Williams and Kelly Rowland, reunited with her on stage earlier this year during her “Cowboy Carter” tour in Las Vegas.

Since Destiny’s Child announced its hiatus in 2001, Beyoncé has released a series of acclaimed solo albums, starting with “Dangerously in Love” in 2003, which won five Grammy Awards the following year.

She has headlined major music festivals, including becoming the first woman of color to lead the Coachella Valley Music and Arts Festival in 2018.

In 2023, she surpassed conductor Georg Solti to become the most awarded artist in Grammy’s history.

Source: CNN