Forbes has once again crunched the numbers to determine the ridiculous amount of money Beyonce could soon be clearing from her forthcoming Renaissance World Tour.
At nearly US$2.1 billion (AU$3.1 billion), history’s most decorated Grammy artist would effectively outperform her closest rival in Taylor Swift, whose Eras World Tour recently made headlines for a similar reason, by a margin of approximately US$500 million (AU$738 million).
“Those eye-popping estimates are based on the most optimistic assumptions of the number of fans buying tickets at their concerts and high average ticket prices of about US$700,” explains Peter Cohan of the prolific business publication.
“They also assume the artists take home a considerable share of merchandise proceeds and pay tour expenses of 20% of revenues — leaving them with the other 80%.”
“Renaissance could gross between US$275 million and US$2.4 billion from tickets alone by the time it ends in September. Beyoncé’s most optimistic ticket revenue estimate — US$2.4 billion — is well above Era’s US$1.9 billion most optimistic box office.”
What’s even more staggering than the raw figure alone is that the Renaissance might even exceed all of Queen Bey’s previous concerts in combined revenue.
This revelation comes to light months after the songstress of our generation made a “controversial” live return at the Grand Opening Weekend of the new Atlantis The Royal in Dubai; which she apparently pocketed US$24 million (AU$35.5 million) in exchange for the mind-blowing hour of entertainment provided… although our own ear on the ground who was actually in attendance has since debated this viral claim.
Beyonce officially kicks off her Renaissance World Tour on May 10th, 2023 in Stockholm (Friends Arena). Currently, Sydney’s Accor Stadium and Allianz Stadium are battling it out for the honour of hosting music royalty with Aussie dates still TBA.