Culture

Beyonce and Jay Z are officially a billion dollar couple

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Meet Hollywood's billion-dollar couple. Christopher Polk/Getty Images for NARAS
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Beyonce and Jay Z, already two of the biggest names in music, are officially a billion-dollar couple.

According to Forbes list of America's Richest Self-Made Women, released on Wednesday, 35-year-old Beyonce Knowles is worth $350 (£270) million. Her Formation World Tour alone grossed a quarter of a billion dollars.

Meanwhile, a recent Forbes ranking of The Richest in Hop Hop of 2017 revealed that Jay Z's fortune has jumped 30% in the past year to $810 (£625) million, putting the couple's combined net worth at $1.16 billion (£890 million).

This is partly due to a $200 (£154) million investment from Sprint into his music-streaming service, Tidal, which is now reportedly worth $600 (£463) million — more than 10 times what he paid for the company ($56 (£43) million) two years ago.

Together, the Knowles-Carters hold "significant equity" in Tidal.

However, according to Forbes, most of the Jay Z's wealth comes form his entertainment company, Roc Nation, and his Armand de Brignac champagne brand, both of which continue to grow.

Just last week, Jay Z also signed a new 10-year, $200 (£154) million deal with Live Nation.

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Beyonce and Jay Z with daughter Blue Ivy.  Michael Buckner/Getty Image

The news comes as the couple are preparing to welcome twins to their family this summer.

They already have a 5-year-old daughter, Blue Ivy.

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Ali is Deputy Editor of Life Insider. Based in the London office, she oversees and often personally contributes to Insider's lifestyle, entertainment, digital culture, health, and royals coverage, working with a team of reporters who cover travel, food, fashion, beauty, fitness, nutrition, relationships, film, TV, celebrities, and influencers, just to name a few topics. While in the UK Ali has previously been editor of The Daily Muse by Fenwick and sports, food, and drink reporter at Marketing Week. She graduated from the MA International Journalism course at City University London and is proud to be Canadian. You can follow her on Twitter at @AL_osaurus. Selected stories: I've visited the Greek island of Santorini twice — and if you think it's just a tourist trap, you're going to all the wrong places What it's like to have Chronic Fatigue Syndrome, a misunderstood illness that leaves people in wheelchairs and derails entire careers I moved from Canada to the UK 7 years ago, and while I love London, I can see why Meghan Markle prefers my home country I compared economy and premium economy on British Airways one week apart, and for less than $200, I'd upgrade every time I've lived in London for 6 years — here are the places where you should actually eat