Beyoncé could reportedly net over $2 billion from her forthcoming Renaissance World Tour, which would make it the highest-grossing tour in history.
According to Forbes, Queen Bey’s ten-figure projection could potentially come through two main areas: ticket sales and merchandise.
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In terms of gross ticket sales, $751 million and $2.4 billion are the low and high estimations based on average ticket prices from 52 shows.
With merchandise, $171 million is the figure she could generate based off of 300,000 items being sold at an average price of $100. Assuming she keeps 80 percent of merchandise revenue, Beyoncé would earn around $136.8 million.
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Even if her ticket revenue lands somewhere in the middle of the projections, Mrs. Carter would have the highest-grossing tour of all time — by a wide margin.
That record currently belongs to Elton John, whose Farewell Yellow Brick Road pulled in a staggering $853,000,000 from 293 concerts between 2018 and 2023.
Taylor Swift’s Eras Tour, which kicked off in March, is also expected to make a big splash this year with projected earnings of around $1.6 billion, per Forbes.
Bey’s last tour, 2018’s On the Run II with husband JAY-Z, netted a reported $254 million in gross revenue.
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The singer’s Renaissance Tour starts on May 10 in Sweden, with the North American leg beginning on July 8 in Toronto. From there, she’ll swing through cities such as Philadelphia, Chicago, Atlanta, Los Angeles and her hometown of Houston.
Meanwhile, Beyoncé recently filed a petition in U.S. Tax Court, seeking a redetermination of her tax liability assessed by the IRS for the years 2018 and 2019.
An additional $805,850.00 in taxes and $161,170 in penalties were assessed to the 41-year-old in 2018, according to the notice dated on January 18.
For 2019, the bureau also determined that $1,442,747.00 in additional taxes and $288,549.40 in penalties were due, as well as charging interest for both years.
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As part of her suit, Beyoncé alleged that the IRS miscalculated by disallowing millions of dollars of taxes, depreciation, management fees, utilities and other deductions.
According to the Grammy-winner, “$868,766 attributable to a charitable contribution carryover reported in 2018 should be disallowed.”
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The petition further stated: “On information and belief, Respondent erred in determining that Qualified Business Income Deductions of $3,581 reported in 2018 and $14 reported in 2019 should be disallowed.”
Beyoncé also argued that the IRS was incorrect when it found she failed to report $1,449 in royalty income for 2018.
