Beyoncé and Jay-Z have been named the first couple in music ever to become billionaires.

According to the International Business Times, the pair reached the dizzying financial status this year.

It is thought that, although both have enjoyed incredible career success, Beyoncé's recent earnings through sales from her Mrs Carter World Tour, Pepsi and H&M collaborations pushed their collective earnings over the milestone mark.

The singer is rumored to have made approximately $116million (£75million) from The Mrs Carter Show. Her H&M salary is also thought to be in the millions.