August 11th 2023.
Beyoncé has been proving why she is the undisputed Queen of music this past month, and she is now on track to break her own record. The 41-year-old pop megastar is heading for a $500 million payday with her current Renaissance World Tour, making it the highest-grossing tour by any R&B artist—second to only her own Formation World Tour. The success of the global leg of the tour has been significant; the European leg of the tour itself brought in over $150 million.
Billboard has reported that the “Break My Soul” singer has set yet another place in history books with this feat. According to the outlet, the Renaissance World Tour has reset the record for the highest grossing tour by an R&B artist, or any Black artist in Boxscore history. This is more than double what her two previous tours, the Formation World Tour and On The Run II, which she co-headlined with Jay-Z, brought in at $87 million.
As early as May 2023, Forbes estimated that the Renaissance World Tour had the potential to bring in close to $2 billion in total revenue due to the high demand and premium ticket prices. Armen Shaomian, an associate professor of entertainment management at the University of South Carolina, said that the ticket prices were only going up, and that there were special sections dedicated to the B-Hive and Club Renaissance close to the stage, along with some shows where the entire floor level was a standing-room club setting.
All of these factors combined are setting Beyoncé up for a massive payday and making her the undisputed Queen of music. She is making history yet again as the highest-grossing tour by any R&B artist, and it looks like she won’t be stopping any time soon.
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