Global music icon Beyoncé has officially joined the billionaire club with a net worth exceeding $1 billion, according to Forbes. She is the fifth musician to achieve this, joining her husband Jay-Z, Taylor Swift, Rihanna, and Bruce Springsteen. Her wealth is primarily driven by her highly successful music career, record-breaking tours like the Renaissance World Tour, and her company Parkwood Entertainment, which allows her to control her creative output. Additional contributions come from ventures including a whiskey label and hair-care brand, alongside a significant real estate portfolio.