Celebrated pop music star Beyoncé turned down a $6 million performance fee. For the 2015 event hosted by Uber, the artist decided not to take home the package, although she did not turn down the offer.
Beyoncé’s popularity is still on an upward trend, and securing her performance currently will cost more above the $6 million. She proved her business mind when she asked Uber to pay her with its $6 million worth of stock. Her genius decision has seen her making incredibly high profits.
Beyoncé performed for Uber back in 2015. Instead of accepting cash as payment, she took $6 million in Uber stocks.
That $6m is now worth over $300m. pic.twitter.com/MgYGD53zjx
— HIP HOP FACTS (@DailyRapFacts) May 15, 2019
In 2015, the car-sharing company was privately owned. It was a start-up entity where Beyoncé spotted an opportunity to secure stocks. The company recently became public, after replacing the all-time long taxis in most countries. Her move proves to be wise to date going by the reports of their increased income.
According to reports from Sahiwal TV, the shares were worth $9 million up from $6million by 2019. Her deal with Uber labeled her as a business-savvy artist, and she has not let loose the business sector.
Beyoncé has been striking more deals which she links to her music career. Her Lemonade album is among her releases that caught the world by surprise. The collection had kept her fans curious than ever owing to the small talks that were circulating about Beyoncé having songs that touched on her husband’s cheating allegations.
The album that the star made out of nowhere ended up receiving a 3x platinum certification in the U.S. Besides, it was still the number one chart in several countries.
Her recent deal involved the performance in black colleges and universities. She again let loose her business skills by signing a deal worth $60 million. Netflix, which was the sponsoring company only paid the star a few million dollars. Her deal with the movie company saw her ‘Homecoming’ documentary released.
While most of her deals involved music performances at events, Beyoncé has gone ahead to engage in real business. Reports indicate that she has worked with top brands such as Gucci. Besides, the cloth line Ivy Park is under her name.
Beyoncé’s flourishing music career and business deals put her at the top of the list of self-made success stories. Her prosperity in the pop industry overlaps her acting career which is also noteworthy. The star has been appearing in movies since 2006.
From her successful career, the Forbes report which places her at position 51 of the world’s richest women is a high possibility. Besides, her net worth as of 2019 valued at $500 million. Beyonce seems to be performing exceptionally in business and music.