Beyoncé just pledged $6 million toward mental health services during the pandemic. Here's how she spends her $400 million fortune, from yachting vacations to a private jet for Jay-Z.
Kevork Djansezian/Shutterstock
Beyoncé's net worth is estimated to be $400 million, according to Forbes.
She's also one of the world's highest-paid celebrities.
On Thursday, she announced she's donating $6 million to mental health efforts during the coronavirus pandemic.
In 2019, Forbes reported that she earned $81 million, ranking her as No. 51 on the list of the richest self-made women in America.
Keep reading to see how the megastar spends her time and her massive fortune, from lavish vacations to stunning real estate.
Not only does she have killer looks and a voice to match, she's one-half of a power couple, dominates the music industry, and embodies female empowerment. It also doesn't hurt that she has an estimated net worth of $400 million, according to Forbes.
And after working hard to build that wealth, she knows how to spend it.
Queen Bey, as fans call her, is known to indulge in multimillion-dollar mansions, luxurious vacations and yachting adventures, and beauty treatments. She's also an excellent gift-giver, having gifted husband Jay-Z a private jet and a car, and giving daughter Blue Ivy a doll worth five figures on her birthday.
But Beyoncé has always given some of that wealth to those in need, including victims of natural disasters. On Thursday, she announced that her foundation, BeyGOOD, would partner with Twitter founder Jack Dorsey to donate $6 million to mental health efforts during the coronavirus pandemic, Vulture's Rebecca Alter reported.
The funding will go toward organizations providing mental wellness services through a national partnership with UCLA. The initiative is also partnering with National Alliance in Mental Illness (NAMI) to offer local support in Houston, New York, New Orleans, and Detroit, according to a statement on her website.
Below, see how one of the world's highest-paid celebrities and one of the richest self-made women spends her fortune.
Beyoncé currently has an estimated net worth of $400 million, thanks to her music, touring, and endorsements.
Christopher Polk/Getty Images
Source: Forbes
From 2016 to 2017, she earned $60 million, making her one of the world's highest-paid celebrities, according to Forbes.
Chris Pizzello/AP Photos
Source: Forbes
A lot of this came from her Formation World Tour in 2016, which grossed a quarter of a billion dollars.
Getty Images
Source: Business Insider
She and husband Jay-Z wrapped up their On The Run II Tour in October 2018, which earned more than $250 million — their highest-grossing tour together to date.
Rob Hoffman/AP Photos
2018 was a busy year for Beyoncé — before setting off on tour, she headlined Coachella. MONEY estimates that she was paid $3 million for her performance.
Larry Busacca/Getty
Source: Business Insider
In 2019, Beyonce released her acclaimed Coachella performance on Netflix. The concert film is one of three projects in a deal with the streaming platform said to be worth $60 million, according to Bloomberg.
Photo by Kevin Mazur/Getty Images for Coachella
Homecoming went on to receive six nominations at the 71st Primetime Emmy Awards.
Source: Bloomberg
But Beyoncé's wealth doesn't just come from making music and performing. Along with Jay-Z, she holds "significant equity" in Tidal, her husband's music streaming service, which is reportedly worth $600 million.
Ilya S. Savenok/Getty Images
Source: Forbes, Business Insider
Beyoncé has also dabbled in business ventures. In 2015, she set up on-demand vegan meal delivery service 22 Days Nutrition.
Source: Business Insider
And she's made waves in clothing and merchandise. In 2016, she launched activewear line Ivy Park with Topshop. At the time, items in the collection ranged from $15 to $265.
Source: Fortune
After her Coachella performance, Beyoncé released a collection based off her live-performance with luxury brand Balmain, who designed the original Coachella costumes.
Larry Busacca/Getty
Source: Balmain
In April 2019, she relaunched the line in a partnership with Adidas. And on December 9, she took to Instagram to reveal that her first Ivy Park x Adidas sneaker collection will launch January 18th.
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The Instagram announcement had more than 3.6 million likes within four hours of being posted.
According to Elle, Beyoncé is the first African American woman to fully own an athleisure brand.
"I took a chance on myself when I bought my company back," she told the publication. "We all have the confidence in us to take chances and bet on ourselves."
She also launched Beyoncé Heat, a fragrance line that made $75,000 in sales in its first day. She's reportedly sold $400 million worth of the fragrance.
Jemal Countess/Getty Images
Source: Fortune, Fashionista
But that's not her only foray into fragrance. Beyoncé has also been the face of multiple endorsements, starring in a Giorgio Armani fragrance ad and launching Tommy Hilfiger's fragrance True Star, for which she was reportedly paid $250,000.
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Source: Fortune
In 2012, she signed a $50 million deal with Pepsi, which included a new commercial during the Super Bowl. She reportedly had a significant amount of control in the partnership.
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Source: Billboard
She's also signed endorsement deals with Nintendo DS, L'Oreal, and American Express.
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Source: Fortune
In 2018, she covered Vogue's prestigious September cover, and turned the event into a historic one. For the shoot, Beyonce hired 23-year-old Tyler Mitchell, making him the first black photographer to ever shoot a Vogue cover. A portrait from the issue is on display at the Smithsonian's National Portrait Gallery.
Evan Agostini/Invision/AP
Beyonce rarely gives interviews.
So it's not surprising that, according to Huff Po, she was given unprecedented creative control over this Vogue issue, opting to write an essay as her own cover story. She also had full control over the cover, the photos and its captions.
"When I first started, 21 years ago, I was told that it was hard for me to get onto covers of magazines because black people did not sell," she wrote in the piece. "Clearly that has been proven a myth. "
A woman of many talents, Beyoncé has also appeared onscreen. She reportedly earned $12.5 million for her role in "Dreamgirls," not counting the reported million she was expected to make for the soundtrack.
Chris Jackson/Getty Images
Source: Fortune
In 2019, the superstar voiced Nala in Disney's remake of "The Lion King" and curated a soundtrack to go along with the film. According to Harper's Bazaar, Beyoncé was paid $25 million for her role in the film, which went on to make $1.6 billion.
Photo by Gareth Cattermole/Getty Images for Disney
Source: Harper's Bazaar
For the film, Beyoncé also curated a special soundtrack, "The Lion King: The Gift," which featured African artists from around the world. The single from the album "Spirit" has since earned a Grammy nomination and a Golden Globe nomination.
Photo by Matt Winkelmeyer/Getty Images
After the film crossed the billion-dollar mark, Daily Mail reported that Beyoncé was in talk with Disney to produce more projects.
With so many varied income sources, Beyoncé is America's 51st-richest self-made woman, according to Forbes. In 2019, the publication reported that Beyoncé earned $81 million.
Photo by Larry Busacca/PW/WireImage For Parkwood Entertainment/Getty Images
Like many millionaires, Beyoncé invests in real estate. She and Jay-Z spend a lot of time in the Hamptons. They used to rent an estate there for $400,000 a month before swapping it for a waterfront house rental that cost $500,000 a month.
travelview/Shutterstock
Source: Street Easy
In 2017, they finally purchased a vacation home there for nearly $26 million. It's next to the exclusive Georgica Pond and comes with neighbors Martha Stewart, Steven Spielberg, and Russell Simmons.
Source: Street Easy, Women's Wear Daily
The same year, they paid $88 million for a new mansion in Bel-Air, with a $52 million mortgage. It was reportedly the most expensive sale of 2017 in Los Angeles County.
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Source: Business Insider, Street Easy
Beyoncé also owns a converted church in New Orleans, which she and Jay-Z reportedly bought for $2.6 million.
Google Maps
Source: Business Insider
And when she was pregnant with twins Rumi and Suri, she rented a villa in Malibu for $500,000 a month from which to enjoy her maternity leave. It recently sold for roughly $50 million.
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Source: Street Easy, Wall Street Journal
In other real estate moves, Beyoncé had reportedly bought a $5.9 million Houston property for her mother as well as Cher's former home in Malibu for roughly $40 million. She recently sold her New York City condo for nearly $10 million.
Source: Fortune, Street Easy
But Beyoncé doesn't spend all her time at her pads. She and Jay-Z often vacation in the Dominican Republic, where they've stayed at a $19.5 million, 35,000 square-foot estate.
Source: Business Insider
They also frequently visit Paris, where they stay in a penthouse at Hotel Le Meurice for $20,000 a night.
Source: Hello! Magazine
That's not to mention their vacations to Italy, Ibiza, and Brazil.
Source: Yahoo
But her most lavish vacation was arguably on board superyacht Galactica Star, worth $73 million. It costs roughly $900,000 a week to charter — and you have to know the owner.
Jeff Brown
Source: Business Insider
In 2017, she and Jay-Z kept it a little more low-key, celebrating their anniversary in the Grand Canyon.
Photoholgic/Shutterstock
Source: Harper's Bazaar
We don't know what Beyoncé gifted Jay-Z for their anniversary, but we do know she's generous. She gave him a $2 million Bugatti Veyron for his 41st birthday, a $40 million Bombardier Challenger 850 private jet, and a $500,000 sapphire ring after Blue Ivy's birth.
Mike Coppola/Getty Images
Source: Business Insider
In June 2018, Beyoncé and Jay-Z renewed their vows. She wore a Galia Lahav couture gown, Independent reported.
"He went to Jared, I went to Chaumet out in Paris," Jay-Z rapped in their song "LOVEHAPPY" from their album "EVERYTHING IS LOVE."
Chaumet is a luxury French jewelry brand, owned by LVMH.
Source: Independent
Beyoncé gets around in stylish wheels, too: a custom $1 million Mercedes van with its own washroom and $150,000 sound system.
Scott Olson/Getty Images
Source: Hello! Magazine
And she's always looking good behind the wheel. She wears $60 mink eyelashes and throws them out after every use. If she wears them daily, that's $21,000 a year. She also reportedly spends $1,000 on manicures.
Jamie McCarthy/Getty Images
Source: Hello! Magazine
Beyoncé is also a client of Jacob the Jeweler, who sells watches and jewelry to the elite. Pieces can cost anywhere from $200,000 to $1 million.
Mike Coppola/Getty Images
Source: Business Insider
Beyoncé looks and dresses her best not just on the red carpet, but for her dates with Jay-Z. They're often spotted courtside at NBA games, which can cost anywhere from four to six figures depending on the game.
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Source: Market Watch
Beyoncé also knows how to wine and dine. She and Jay-Z reportedly spent almost $100,000 on drinks for VIP guests at an Atlanta nightclub.
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Source: Mirror
And they've dined at the finest restaurants, such as Le Cirque in New York.
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Source: Business Insider
When she's not dining out, Beyoncé still splurges on food-related costs at home. She reportedly spends $7,500 a month for a live-in chef and $4,000 a month for a dietitian.
JEFF CHRISTENSEN/AP Photos
Source: Cheat Sheet
But Beyoncé doesn't just indulge for herself and Jay-Z — she also splurges on her children. She reportedly gave birth to Blue Ivy in the exclusive birthing suite at Lenox Hill, which costs $1,700 a night. It was decked out with four big-screen televisions and room service.
Source: Hello! Magazine, Business Insider
And for Blue Ivy's first birthday, Beyoncé gifted her an $80,000 diamond-encrusted Barbie doll at the $104,460 birthday party she threw for her.
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Source: The Daily Mail
She also dresses Blue Ivy in designer duds, like a $2,100 Gucci dress and a butterfly and Swarovski crystal metallic Mischka Aoki dress that ranges from $8,405 to $10,637.
Larry Busacca/Getty Images
Source: Yahoo
And before twins Rumi and Sir were born, she and Jay-Z spent more than $75,000 on matching gold cribs.
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Source: OK! Magazine
Beyoncé also spreads the wealth around outside of her family. She recently announced she's donating $100,000 to four historically black colleges and universities.
Associated Press/Andrew Harnik
According to Rolling Stone, Beyoncé created the Formation Scholar Awards, before renaming it Homecoming Scholars Award program after her 2018 Coachella performance. For the 2018-2019 school year, one student from 9 HBCU's will receive a $25,000 grant.
The scholarship program partnered with Google.org in 2018, which will provide four additional scholarships, matching the original $100,000 grant Beyoncé gave.
Source: Yahoo
Beyoncé's also donated a lot of time and money toward natural disaster relief. A native Houstonian, she served meals and made a monetary donation in the aftermath of Hurricane Harvey.
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Source: MONEY
After Hurricane Katrina, she founded Knowles-Temenos Place Apartments for those displaced from the storm. She reportedly had given at least $7 million to keep it running.
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Source: Essence
She also visited Haiti in 2017 while it was still recovering from the earthquake that devastated the country years before.
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Source: Essence
Her own charitable organization, BeyGOOD, does everything from funding scholarships and working with UNICEF to fighting for gender equality and raising money for natural disasters.
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In April 2020, BeyGOOD partnered with Twitter founder Jack Dorsey to donate $6 million to mental health efforts during the coronavirus pandemic.
Reuters
Source: Vulture
One Christmas, she and Jay-Z went to Walmart and bought everyone in the store a $50 gift card for a total of $27,000.
Source: Hello Magazine
And when filming for her role in the 2008 movie "Cadillac Records," Beyoncé donated her $4 million salary to the Phoenix House, a rehabilitation center. She also opened an affiliate cosmetology school, which provides Phoenix House residents with a seven-month training program.
Jason Kempin/Getty Images
Source: Essence
So far, she's worked with and supported 31 charities, including Look to the Stars, MusiCares, Stand up to Cancer, and more. No wonder fans call her Queen Bey.
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"I began to search for deeper meaning when life began to teach me lessons I didn't know I needed," she said in her recent rare interview with Elle. "Being 'number one' was no longer my priority. My true win is creating art and a legacy that will live far beyond me. That's fulfilling."
Source: Yahoo
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