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Beyonce: "I'm Very Frugal"

February 20, 2009
by: 
 Ani Esmailian

R&B superstar Beyonce may have been voted the richest star under 30, but she insists she's so "frugal" she hardly ever spends any of her hard earned cash.

Beyonce earned over $80 million dollars last year alone, while her hubby Jay Z earned $82 million dollars. You would think a couple that makes over $160 million a year wouldn't be concerned about spending wisely, but Beyonce is.

She says, "Honestly, I'm very frugal. I haven't bought a car since I was 16 or any diamonds since I was 17. I have a lot of property. I've invested my money and I don't have to make any more, thank God, because I'm set.

"I'm now able really to be free and just do things that make me happy. It's an effort to stay grounded."

While it's great that she's setting a responsible example, she doesn't need to spend any of her money because Jay Z does it for the both of them.

Her engagement ring alone costs a reported $5 million dollars and she even has an imitation version valued at $5,000.
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Reader Comments
4:08PM 06/03/09 Derrick
your gay jay-z look at the you no you suck all you do is you need to tell why can't i be famous you got to get raped to be famous
7:12AM 02/21/09 glamifique
that's wonderful, i hope these young stars will learn from her...money is easy come and if you're not wise easy go...Remember the 2 Cory's?
5:29PM 02/20/09 gevo
she is smart to invest but she got soo much free crap, she didnt need to buy anything
10:39AM 02/20/09 marydoll512
Well isn't that nice ..(sarcasm)
9:17AM 02/20/09 Sarahpalin
aww shes sooo smart
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