Beyoncé's Formation Hat Rakes in Big Bucks for Charity
Coinage, life, well spent, presented by Geico. With a combined net worth of $1 billion, Jay Z and Beyonce are one of the world's top power couples. According to Forbes, Queen B and Jay Z were the highest paid couple of 2016, raking in just over $107 million. Hold has been growing from being a teen hustling in Brooklyn to a bona fide business mogul. Here are just some of the many hats worn by the man who once famously rapped. I'm not a business, man. I'm a business man. Jay Z bought music streaming service, Tidal, for $56 million in 2015 and recently inked a deal with Sprint, now making Tidal worth $600 million. His company, Roc Nation, not only boasts some of the hottest names in music on it's roster, like Rihanna, Santigold, Shakira and more. But it's expanded into the sports arena, representing talent like, Miguel Cotto, Victor Cruz and Kevin Durant. Holmes' latest business venture. Arrive, aims to help startup businesses. The focus of the company is to nurture promising new companies. And we can't forget Queen B. Beyonce is a global brand. She might actually just be a black Bill Gates in the making. The queen of pop is not only wildly successful as an entertainer, but also a business woman. Her company, Parkwood Entertainment, is a media and entertainment powerhouse. The company manages music artists, has produced motion pictures, television specials, and more. Beyonce also has a stake and title. Her athletic leisure clothing line, Ivy Park, can be found in TopShop, Nordstrom Nordstrom and Net-A-Porter. The collection sports everything form $30 baseball caps to $200 jackets. The feminist is also an investor in watermelon water. A start up makes up cold press watermelon water with a drop of lemon. The company led by female innovators also gives back by providing women living in poverty with Microloans. The star-studded couple definitely keep busy outside of their lucrative music careers, which is why they're not only music royalty, but business bosses. [MUSIC] Coinage, life well spent, presented by GEICO.
Leave it to Beyoncé to slay an accessory and generate thousands with it for a good cause.
The songstress raised $27,500 for the Lung Transplant Project, after she donated the black, wide-brimmed hat that she rocked in her "Formation" music video to Heritage Auctions for the cause, which raises money for research that will decrease the time spent on lung transplant waiting lists and increase long-term survival rates.
Beyoncé not only donated the hat, but signed "All my love" inside of the it, along with her signature. The hat also was paired with an 8 x 10" image of her wearing it for the auction. In addition to the mum of three's generous submission, Pharrell also got involved with the charitable event, donating two pairs of Adidas Originals.
The first pair featured the music mogul's signature and several inspiring messages, including "Let the universe in," "Please don't make excuses," and "We are nothing without God." The second pair will be custom made for the winning bidder, who took home Pharrell's kicks for $11,375.