Tag: Forbes

Beyoncé Knowles-Carter has officially entered the billionaire club. Forbes confirmed that the global superstar’s net worth has now surpassed $1 billion, making her one of the few musicians in history to reach this financial milestone.

Beyonce’s rise to billionaire status isn’t just about music, it’s a combination of business moves, global influence, and her drive. While her career started in music with Destiny’s Child, she has since built an empire spanning multiple industries.

Her Cowboy Carter world tour in 2025 played a huge role in boosting her net worth. The tour reportedly shattered records worldwide, selling out stadiums and generating hundreds of millions in revenue. Beyond touring, Beyoncé earns from her music catalog, which includes both her solo work and Destiny’s Child hits, bringing consistent royalties.

Business Ventures That Added to the Wealth

Beyoncé has also diversified her income streams. Her business ventures include:

• Ivy Park, her fashion and activewear brand, which continues to see strong global sales.
• Endorsements and partnerships with major brands across fashion, cosmetics, and lifestyle.
• Strategic investments in entertainment and tech ventures.

Combined, these ventures significantly contribute to her estimated $1 billion net worth, according to Forbes.

Beyoncé now joins a select group of celebrities who have crossed the billionaire mark, including Jay-Z, Rihanna, and Taylor Swift. Forbes had previously estimated her net worth at around $780–$800 million earlier in 2025, meaning her recent projects and ventures accelerated her wealth growth significantly. 

The 2024 and 10th editions of Forbes Africa’s annual 30 Under 30 list feature a well-diverse pool of African talents. The list contains some of the youngest and brightest in various fields, including entertainment, education, sports, technology, healthcare, art, and other industries.

On the list, we have talented Nigerians like the founder of Veekee James, Ruth Erikan James, singer-songwriter Adedamola Oyinlola Adefolahan (Fireboy DML), Super Eagles footballer Victor Osimhen, track and field athlete Tobi Amusan, and founder and CEO of Mainlogix Technology, Josiah Akinloye, amongst others.

This year’s edition theme is “Passion, Purpose, and A Decade of the 30 Under 30 List,” celebrating the passion, creativity, and impact of Africans globally.

According to Forbes, Africa’s influence globally is on the rise, with 1.45 billion people across 54 countries driving its economies, largely propelled by its youthful demographic. The United Nations reports that 70% of sub-Saharan Africa is under 30, and by 2050, over a third of the world’s youth will reside in Africa. Experts predict that the continent’s wealth lies in its young, predominantly female population, making them prime investment prospects for the future.

Nigerians featured on the list

1. Adedamola Oyinlola Adefolahan (Fireboy DML), 28, Nigeria
   Singer-songwriter
   Industry: Entertainment 
2. Victor Osimhen, 25, Nigeria
   Footballer and Striker for Super Eagles
   Industry: Sport (Football)
3. Tobi Amusan, 26, Nigeria
   Track and Field Athlete
   Industry: Sport-Athletics
4. Ruth Erikan James, 29, Nigeria
   Founder, Veekee James
   Industry: Fashion
5. Josiah Akinloye, 29, Nigeria
   Founder and CEO, Mainlogix Technology
   Industry: Automation and Technology

“For a decade, we have unpacked the unmistakable potential and story of Africa’s youth. And Forbes Africa’s 10th 30 Under 30 list too has ambition and adrenaline packed into this special issue. These purpose-minded 20-something achievers are on the way up, overcoming the odds in their quest to become tomorrow’s titans and billionaires, making a huge difference in the countries, companies, and communities they serve,” Forbes Africa, Managing Editor, Renuka Methil.

To get featured on the list, applications need to be submitted via official channels. Part of the rigorous reporting and vetting process also involved going through social media profiles, police clearance reports, reference letters from financial institutions, and testimonials from colleagues, collaborators, business partners, and employees of the short-listed nominees.

Background checks were conducted on potential candidates, which included reviewing documentation to ensure there are no criminal records, troubling lawsuits or bankruptcy, and/or allegations of crime, misconduct, sexual harassment, abuse, or fraud.