Beyoncé is set to outdo one of her own accomplishments.
Billboard reports that the superstar’s “Renaissance World Tour” is looking to bring in over $500 million, which would mark the tour as her highest-grossing to date. Prior to this newfound success, her “Formation World Tour” in 2016 brought in the most revenue and solidified it as the highest-grossing tour by an R&B artist.
“In exceeding the gross of her own two previous tours, the Renaissance World Tour resets the record for the highest grossing tour by an R&B artist, or any Black artist in Boxscore history,” the outlet reports.
What’s more, the European concerts for “Formation World Tour” and “On The Run II Tour” reportedly generated $87 million, “marking a 77% bump on her recent stint.”
In May 2023, Forbes shared that the previous estimate the “Renaissance World Tour” could potentially draw in was over $2 billion in revenue based on the calculation that each concert on the 57-stop tour would sell out completely.
“Ticket prices are only going up,” Armen Shaomian, an associate professor of entertainment management at the University of South Carolina, told the outlet. “There are large sections of tickets on Beyoncé’s tour dedicated as B-Hive and Club Renaissance close to the stage, along with some shows where the entire floor level is a standing-room club setting (Stockholm for example). Such tickets are all sold at a premium. Think of it as a flight having more first and business class seats that are sold at a premium, which pushes up the average fare.”
While Beyoncé continues to make history, she has taken the time to give back while on the road.
As previously reported by AfroTech, “the Houston native provided ten students at the Detroit School for Digital Technology with $100,000 in funding as a part of the Renaissance Scholars program launched before embarking on the highly-anticipated event.”