Beyoncé is said to be $300 million richer according to reports, because she received early shares of stock in the ride-sharing company Uber. The company went public on Friday, and a number of celebrities have also made a substantial amount of money.
According to People, the former CEO of Uber Travis Kalanick paid the “Crazy in Love” singer $6 million in restricted stock units to perform in Las Vegas in 2015 at a company function, a deal that was never confirmed by Bey.
Experts have called the ride-sharing app’s IPO one of the biggest in tech history, and when all was said and done it reached over $8 billion, although falling far shy of its $100 billion projection.
Beyoncé’s husband of 11 years Jay-Z reportedly was also an early round Uber investor and cleaned up financially, as did the couple’s friend Gwyneth Paltrow.
News of the “Formation” performer raking in millions from Uber comes shortly after it was reported that she made $60 million in a deal with Netflix.
The deal was for Bey to deliver three projects with the streaming company, one of them being “Homecoming,” the documentary centered around her historic 2018 Coachella performance that had a stunning HBCU theme.
And in April, Beyoncé announced the relaunch of her athleisure brand Ivy Park in a multilayered deal with Adidas. She bought the remaining ownership of Ivy Park from the British retailers Topshop a while back and is now the sole owner of the company.
In fact, she’s the first black women to ever be the complete owner of an athleisure brand. She also shared some of the first designs from the re-launch in late April.
In 2018 Forbes listed Bey’s net worth at $355 million and Jay-Z’s at $900 million, making the artists hip-hop’s first billion-dollar couple.