After 3 1/2 decades of work of massive albums sales, hugely lucrative tours and a host of other business ventures, Beyonce has joined a short list of musicians: The billionaires.

Beyoncé has been declared a billionaire by Forbes, making her the fifth musician to join the world's wealthiest people.

Central to Beyoncé’s financial success is Parkwood Entertainment, the company she founded in 2010.