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Beyoncé Named Top-Earning Woman in Music by Forbes, Worth an Estimated $115m

Beyoncé has been named 2014’s top-earning
woman in music, doubling her earnings from the
year before. With help from a new album,
endorsement deals and an international tour, the
33-year-old star grew her fortune by an estimated
$115m (£71.8m) in just 12 months.
Forbes reports that 2013-14 was “the biggest year
of [Beyoncé’s] career”: a bestselling new album,
which is soon to be reissued; clothing and
fragrance lines; sponsorships from H&M and
Pepsi; and above all a hugely profitable tour. The
singer played 95 gigs in the past year, grossing an
average of $2.4m (£1.5m) in each city. It’s no
wonder that in June, Forbes named her the most
powerful celebrity in the world.
Taylor Swift was the year’s second most profiting
female musician, earning a career-high $64m
(£40m). Bewilderingly, this figure does not include
any of the money from Swift’s new record, 1989,
which has sold more than 1.5m copies during its
first week on sale.
In fact, the sale of music is not particularly
important to any of the top-earning female
musicians. Of the Forbes list’s top five, only
Beyoncé and Katy Perry released albums this
year: Swift, Rihanna and Pink earned tens of
millions without the benefit of new music. These
singers earn the majority of their income from
tour-dates and endorsement contracts.
Forbes’s highest-earning female musician of 2013
was Madonna.
Source: Theguardian

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