Beyonce reportedly opted to get paid in shares for her performance for Uber in 2015 and stories surfaced claiming that she made $300 million off of it.
It all comes amid the company’s decision last week to go public on the New York Stock Exchange, making shares initially go for $45 each, per NME Wednesday. (RELATED: Beyonce Mystery Solved! Tiffany Haddish Reveals Who Really Bit The Singer)
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And because of that a whole handful of celebrities are reportedly set to make out big. The list includes stars like Ashton Kutcher, Gwyneth Paltrow, Jared Leto, Beyonce and husband Jay-Z, just to name a few, according to Forbes. (SLIDESHOW: 142 Times Josephine Skriver Barely Wore Anything)
Per the report, which references the New York Times.
It wasn’t all just investments. In 2015, [Travis] Kalanick hired Beyoncé to perform at a company offsite event in Las Vegas. The cost was $6 million in restricted stock units, according to the New York Times. Beyoncé didn’t respond to a request for comment, but her 2018 song ‘Apeshit’ with Jay-Z possibly references the Uber payout with a line that says ‘pay me in equity, watch me reverse out of debt.’
After the company went public, reports surfaced claiming Beyonce’s percentage of the company is now worth $300 million. (RELATED: Check Out The Hottest Looks From The 60th Grammy Awards [SLIDESHOW])
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Beyoncé performed for Uber in 2015 and instead of accepting her $6m pay cheque, she requested to be paid in stocks, today it’s worth over $300m. Last year she took half of the $8m from coachella in exchange for the rights to the show, Netflix paid her $60m for it. Her acumen >>> https://t.co/k4un1FM1Ka
— Kelvin Lee Jones (@KelvinLeeJones1) May 14, 2019
Those reports have since been disputed by people like business analyst and former ESPN sports analyst Darren Rovell.
“Beyonce did in fact ask for equity when she performed for Uber in 2015, but the $6 million in equity is worth about $8 million now. I know, it’s not as retweetable as $300 million,” The Action Network analyst tweeted Wednesday.
Beyonce did in fact ask for equity when she performed for Uber in 2015, but the $6 million in equity is worth about $8 million now. I know, it’s not as retweetable as $300 million.
— Darren Rovell (@darrenrovell) May 15, 2019
And those numbers are reportedly much closer to the ballpark than the one being floated around the internet, according to Celebrity Net Worth.
Initial reports claimed that Beyoncé’s shares could now be worth $300 million, but according to Celebrity Net Worth, due to Uber’s current market cap of $67 billion and likely dilution of shares since 2015, the ‘Lemonade’ singer’s Uber stock is most likely worth about $9 million.