Reports: Is Bey $300 Million Richer from Uber IPO? - Black Enterprise
Black Enterprise Magazine January-March 2019 Issue

Last week, car-sharing service Uber went public and Beyonce is rumored to have scored big money as a result.

People magazine reports that Queen Bey received $6 million in restricted stock units (RSUs) from Uber co-founder Travis Kalanick to perform at an event.

With the IPO, speculations abound that she made $300 million from her shares.

MarketWatch calls Uber’s IPO, “the biggest in years” and that the company “raised more than $8 billion”; the IPO still fell short of an expected valuation of $100 billion.

Beyoncé Giselle Knowles-Carter has proven time and time again that there is nothing that she cannot do. At 37, the multifaceted entertainer has earned 23 Grammy wins, the 2019 Vanguard Award at the GLAAD Media Awards with her husband Sean “Jay-Z” Carter, and her second Entertainer of the Year Award at this year’s NAACP Image Awards. Yet, in spite of her mounds of success and accolades, the mother of three doesn’t seem to be slowing down anytime soon.

In 2017, Black Enterprise reported that Bey and Jay-Z had an estimated combined net worth of $1 billion. With the Uber IPO and her deal with Netflix worth $60 million, according to Variety, the power couple may be destined to exceed $1 billion net worth in the very near future.

—Additional reporting by Selena Hill

Samara Lynn

Samara Lynn is a technology journalist, covering the industry for a decade. Her work appears in The Wirecutter, Tom's Hardware, PC Mag, and other online outlets. She's the author of "Windows Server 2012: Up and Running" and previously worked in the IT industry. She's currently the digital manager at Black Enterprise.



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