Renowned musician and entertainment icon Beyonce Knowles has once again demonstrated her commitment to supporting local businesses worldwide by donating $1 million (£806,000) to ten deserving businesses.
Among the fortunate recipients is Chuku’s, a Nigerian tapas restaurant located in Tottenham, North London, owned by the brother and sister duo Emeka and Ifeyinwa Frederik. The donation is a lifeline for the family-run business, facing potential closure due to rising energy bills.
Chuku’s, which opened its doors during the challenging times of the pandemic in 2020, has managed to build a strong following and receive support from the local community and from celebrities and footballers captivated by their unique take on Nigerian cuisine.
However, the restaurant encountered significant operational challenges, particularly with the escalating energy prices.
Beyonce’s philanthropic gesture arrived at the perfect moment during her Renaissance World Tour, where she pledged to donate $1 million (£806,000) to ten businesses across various cities through her foundation, BeyGOOD.
The generous grant of £8,000 ($10,000) from Beyonce’s foundation will provide financial relief to keep Chuku’s thriving and celebrate Nigerian culture in Tottenham.
Emeka and Ifeyinwa, the restaurant’s co-founders, expressed their gratitude and surprise at Beyonce’s backing, recognizing its tremendous impact on their business.
Beyonce’s recent act of generosity follows closely after a significant milestone in her financial journey. Despite the recent termination of her collaboration with Adidas, Beyonce’s fortune remains impervious.
Forbes reports her net worth at an impressive $540 million, representing a remarkable $90 million increase since the beginning of this year. The influential artist currently ranks among America’s 15 richest female celebrities.
The success of Beyonce’s highly anticipated “Renaissance” World Tour, set to conclude in September, is expected to be a financial triumph.
Estimates by Forbes suggest that the tour may accumulate a staggering $2.1 billion in revenue, primarily driven by ticket sales.
The most optimistic projections even reach an astonishing $2.4 billion, further cementing Beyonce’s status as one of the highest-earning artists of all time and underscoring her remarkable ability to create lucrative opportunities within the entertainment industry.
