Beyonce Just Made $300 Million Thanks To Her Investment With This Rideshare Company
A key way to build generational wealth is to have multiple streams of revenue, and judging by Beyonce's hustle over the past few years, there's gone be a lot of brown children on the Forbes list one day.
Inside Edition released a report that revealed Beyonce recently had a $300 million come-up thanks to America's first major peer-to-peer rideshare company. Last Friday, Uber went public and made stocks available on The New York Stock Exchange, but early investors, including celebrities like Ashton Kutcher, Leonardo DiCaprio, Jay-Z, and of course Queen Bee, are in for a big payout in lieu of the company's IPO.
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It was reported that years ago, Beyonce performed at a private Uber event and was paid in stock instead of her usual $6 million dollar performance fee, and the time has now come to cut the check. We can all take a page out of Beyonce's Book of Business when it comes to creating lucrative relationships, but in the past, she's also taught us all some powerful lessons about the power of saying "no".
All money ain't good money, and Beyonce proved this fact when she turned down a major deal with Reebok last month, and her reason why was perfect. According to sources, Beyonce walked in the room, took one look around to find that there was a blatant lack of melanin in the atmosphere, and dipped. ESPN writer Nick DePaula explained:
"She had a meeting at Reebok and they had a whole presentation of everything, potential products, how this could all look. And she kind took a step back and said, 'Is this the team that will be working on my product?' Somebody said 'yes.' And she said, 'Nobody in this room, reflects my background, my skin color and where I'm from and what I want to do.' So she kind of took a step back and left. And then it did not come to terms."
It's one thing when you're able to invest in your own future, but it takes a real mogul to make room at the table for others who may not have have been otherwise given the opportunity, and that's what makes Bey the queen. Periodt.
Because of her intuitive belief in Uber, Bey has now multiplied her $6 million investment by nearly 50 times; and the key lesson here is that a Queen never puts all her eggs in one basket. Since the age of 18, Bey has secured deals with Pepsi, L'Oreal, Giorgio Armani, and at one time, sis was even collaborating with a tech company on a Beyonce-themed video game.
The entertainer is currently a co-owner of her husband's streaming company, TIDAL, sole owner of Ivy Park , a mother of three, and still maintains her own career all while being the venture capitalist role model that we didn't know we needed.
Along with her latest check from Uber, Beyonce also secured a bag from Adidas to be their latest "creative partner", a venture that caused the company's stock to rise 1.5% after announcing their partnership, and signed a three-project deal work $60 million with Netflix that has already proven to be insanely successful.
Now that's what I call an undercover boss. Bey may make a lot of her deals in silence, but the capital she's earned as a result of her "F U Pay Me" mentality speaks much louder. Beyonce's consistent and wildly lucrative money moves prove that real bosses don't just make money, they make investments.
Take notes, ladies.
Featured image by Getty Images.
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Taylor "Pretty" Honore is a spiritually centered and equally provocative rapper from Baton Rouge, Louisiana with a love for people and storytelling. You can probably find me planting herbs in your local community garden, blasting "Back That Thang Up" from my mini speaker. Let's get to know each other: @prettyhonore.
ItGirl 100 Honors Black Women Who Create Culture & Put On For Their Cities
As they say, create the change you want to see in this world, besties. That’s why xoNecole linked up with Hyundai for the inaugural ItGirl 100 List, a celebration of 100 Genzennial women who aren’t afraid to pull up their own seats to the table. Across regions and industries, these women embody the essence of discovering self-value through purpose, honey! They're fierce, they’re ultra-creative, and we know they make their cities proud.
VIEW THE FULL ITGIRL 100 LIST HERE.
Don’t forget to also check out the ItGirl Directory, featuring 50 Black-woman-owned marketing and branding agencies, photographers and videographers, publicists, and more.
THE ITGIRL MEMO
I. An ItGirl puts on for her city and masters her self-worth through purpose.
II. An ItGirl celebrates all the things that make her unique.
III. An ItGirl empowers others to become the best versions of themselves.
IV. An ItGirl leads by example, inspiring others through her actions and integrity.
V. An ItGirl paves the way for authenticity and diversity in all aspects of life.
VI. An ItGirl uses the power of her voice to advocate for positive change in the world.
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Sheila Rashid's Androgynous Approach To Unisex Clothing Is A Lesson In Embracing Individuality
The ItGirl 100 List is a celebration of 100 Black women who aren’t afraid to pull up their own seats to the table.
For Sheila Rashid, it all started with some free-hand drawings and a few strokes of paint.
The Chicago-based clothing designer and creative director of Sheila Rashid Brand recalls using her spare time in high school to hand paint designs on t-shirts and distressed hoodies, distributing them to classmates as walking billboards for her art.
Rashid sought to pursue fashion design at Columbia College in Chicago but eventually took the self-taught route to build upon her knack for crafting one-of-a-kind, androgynous pieces.
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Thanks to the mentorship of local designers taking her under their wings, Rashid was able to gain valuable experience in putting together collections and creating patterns; equipping her with them with the necessary skills to pursue her own collections.
After two years of living in New York, Rashid returned home to the Chi and uncovered the unique flair she could offer the city. “I moved to New York after that because I wanted to be in the fashion capital world,” she tells xoNecole. “That's when I really got a leg up. I found myself when I moved back to Chicago after moving to New York.”
For the Midwest native, inspiration comes from her time around creative peers and the city’s notorious winters — known to be a main character in many Chicagoans stories. “It's a different perspective and mindset when I'm making stuff because of the weather here,” she explains. “When we get summer, it’s ‘Summertime Chi’ — it's amazing. It's beautiful. Still, I find myself always making clothes that cater to the winter.”
"I moved to New York after that because I wanted to be in the fashion capital world. That's when I really got a leg up. I found myself when I moved back to Chicago after moving to New York.”
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Many designers have a signature aesthetic or theme in their creations. In Rashid’s design story, dancing between the lines of femininity and masculinity is how she’s been able to distinguish herself within the industry. Her androgynous clothing has garnered the eye of celebrities like Zendaya, Chance the Rapper, WNBA star Sydney Colson, and more — showing her range and approach to designs with inclusivity in mind.
“I think I do reflect my own style,” she says. “When I do make pieces, I'm very tomboyish, androgynous. My work is unisex because I feel like everybody can wear it. I cater to everybody and that's how I try to approach my clothes.” From denim to overalls, and color-drenched outerwear, Rashid has mastered the structure of statement pieces that tell a story.
“Each collection, I never know what's going to be the thing I'm going to focus on. I try to reflect my own style and have fun with the storytelling,” she shares. “I look at it more like it's my art in this small way of expressing myself, so it's not that calculated.”
"My work is unisex because I feel like everybody can wear it. I cater to everybody and that's how I try to approach my clothes."
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Still, if you were able to add up all the moments within Rashid’s 20-year career in design, one theme that has multiplied her into becoming an “ItGirl” is her confidence to take up space within the fashion industry as a queer, Black woman. “Being an ItGirl is about being yourself, loving what you do, finding your niche, and mastering that,” she says.
No matter where you are on your ItGirl journey, Rashid says to always remain persistent and never hesitate to share your art with the world. “Don’t give up. Even if it's something small, finish it and don't be afraid to put it out,” she says, “It's about tackling your own fear of feeling like you have to please everybody, but just please yourself, and that's good enough.”
To learn more about the ItGirl 100 List, view the full list here.
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