Beyonce reportedly received $6 million worth of restricted Uber stock roughly four years ago.
With the company recently making their stock public there’s been some hefty claims surrounding Bey’s current investment worth — to the tune of $300 million — floating around on social media. However, while Queen Bey is one of the savvy early investors in the ride-sharing service, she’s not getting as rich as some believe.
The Grammy Award-winning megastar initially accepted the stock in lew of a performance fee after singing at an Uber corporate event. The company went public on the New York Stock Exchange on May 10 and a rumor is circulating that Bey’s investment is now worth $300 million.
After some fact checking, the actual number is being pinpointed closer to $9 million.
“Beyonce was given $6 million worth of restricted stock units (RSUs). She was not given 6 million shares,” writes Celebrity Net Worth’s Brian Warner. “I think this huge distinction is where the fake news insanity of this story has gotten out of control. If you didn’t understand that Beyonce got $6 million worth of RSUs, as opposed to 6 million shares, you might have assumed that with 6 million shares at an IPO stock price of $45, Beyonce’s stake would be worth $300 million.”
Warner explains that with Uber’s current market cap of $67 billion and dilution over time, her stake worth actually comes out to around $9 million.
While the rumored $300 million Return on Investment may not have panned out, it’s still a win. JAY-Z, among other celebs, is also seeing his stock grow as he invested in the transportation service back in 2011.
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uber lyfy human traffick hundreds of thousands of drivers 15+ million times PER day out of 20+ million rides. feel free to do something fbi & labor department. biggest ponzi scam since madoff if rider goes less than 10 miles drivers lose money $4 GROSS on 90% of rides .60 per miles 1971 min fares & 1975 cab rates in 2019 how is it legal?
These kids will believe any meme they see. Pathetic
What does this has to do with hip hop?
Jay zs wife… are u kidding me?
You can put anything online and people will believe it. Dummies then run around speculate with their friends how much money ya favorite artist got. Pathetic
Uber treats it’s drivers really badly. And gets away with it by saying they are not employees but self employed. So, for example there is no minimum wage per hour, holiday entitlement or sick pay. Also they are easily sacked. Unfortunately in Hip Hop, fans “praise” and “Stan” people for being rich and successful, without thinking about those who suffer. Ubers profits are in the back of drivers who are badly treated. Jay has in the last few years tried to change his image. Instead of rapping lines that mock poor people such as “you’re a worker I’m a boss” he now gives donations to help victims of racism. But, it seems very cynical. Trying to make his brand stay relevant and popular. Bey and Hay think they are very woke. But being extremely wealthy, they don’t notice things such as how they make money profiting from workers exploitation.