How Beyonce Landed on Fortune’s 2016 List of Most Powerful Women

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By Victor Trammell

Whether you’re her biggest fan or you don’t entertain her much at all, there’s no denying that Beyonce (pictured) has taken the world by storm over the course of her 20-year career in the entertainment business.

The “Party” hit maker (who celebrated her 35th birthday last weekend) has already racked up more Grammy Awards, MTV Video Music Awards, and BET Awards than some female entertainers who have been in the business much longer than she has. Beyonce seems to bring overwhelming acclaim to anything she touches.

This has been the case ever since she started her solo career after her girl group Destiny’s Child was fragmented. Beyonce’s latest studio album called “Lemonade” has further cemented her prominent body of musical work. The Formation World Tour she is on right now has already wowed millions of her fans across the country.

Her latest stop on the tour was in St. Louis, Missouri over this weekend. Beyonce’s quest for world domination obviously shows no sign of slowing down. This is so much the case that even the Wall Street shark experts at Fortune Magazine have taken notice…again.

According to an article from Fortune published this past Friday (September 9th), Beyonce has landed a spot on the magazine’s 2016 Most Powerful Women list, which celebrates the world’s most influential women and the impact they have on the overall business world.

Here’s why Fortune chose Beyonce for the “fun 51” spot on their Most Powerful Women list. First of all, it is well documented that Beyonce has a personal net worth that is close to $300 million dollars. This shows that she is not only a talented entertainer, but a very sound businesswoman as well.

This past spring, she impressed the likes of Sir Philip Green, the rich and powerful chairman of the U.K.-based Arcadia Group, a multinational retailing business machine. Beyonce came to Green with her vision for Ivy Park, an athletic/leisure clothing line she named in her daughter’s honor.

“I presented [Green] with the idea, the mission statement, the purpose, the marketing strategy—all in the first meeting. I think he was pretty blown away, and he agreed to the 50-50 partnership,” Beyonce said in an interview with Elle Magazine this past spring.

From her power move to start Ivy Park to her numerous other ventures outside of music, Beyonce is very much hands on and part of the vision it takes to drive her business entities forward to new heights.

It’s one thing to be rich with a ton of people working for you to be the faces of your empire as it continues to grow. It’s another thing to be both the face of your own franchise and the franchisor. Beyonce knows how to gracefully assert herself in this role and it has served her well. Congratulations, Mrs. Knowles-Carter.

Source: http://fortune.com/2016/09/09/beyonce-most-powerful-women/

 

 

 

 

 

 

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