American singer Beyoncé has officially become a billionaire, Forbes announced, making her the fifth musician to reach a 10-figure fortune.

Beyoncé joins an exclusive group of musicians with immense wealth, including Taylor Swift, Rihanna, Bruce Springsteen, and her husband Jay-Z, whose net worth Forbes estimates at $2.5 billion.

Earlier this month, Forbes valued Beyoncé’s fortune at $800 million and predicted she would cross the billionaire mark after years of successful music, tours, and business ventures. Her 2023 Renaissance World Tour alone grossed nearly $600 million, making her one of the world’s top pop icons.

Beyoncé also produced a concert film from the tour, distributed through AMC theaters, earning her nearly half of the film’s $44 million global box office revenue.

Her 2024 album, Cowboy Carter, celebrated the black roots of country music and won the Grammy Award for Album of the Year — her first Grammy win in that category. The accompanying tour, featuring Jay-Z, their children, and former Destiny’s Child members, generated over $400 million in ticket sales and $50 million from merchandise.

Despite some slow ticket sales leading to price cuts, the tour set records at London’s Tottenham Hotspur Stadium and Paris’ Stade de France, with ticket prices ranging from £71 to £950. Additional earnings came from a Netflix halftime show for the NFL and Levi’s commercials.

Forbes’ announcement confirms Beyoncé’s position among the world’s wealthiest musicians, marking a major milestone in her career.

With inputs from BBC