Beyonce On Money: ‘I’m Very Frugal’

By Liz "Red" Thomas  |  02/20/2009

BeyonceAlthough she's made millions, superstar singer Beyonce isn't spending her fortune on lavish things.

She was recently named the richest star under 30, with an estimated fortune of $80 million. However, she insisted that she's wise with her money, refusing to blow it on expensive cars and jewelry.

According to Bossip.com, B says she's "very frugal" when it comes to her bank account.

"Honestly, I'm very frugal," she says. "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."

Thanks to her wise investments, Beyonce is able to live her life by only doing things that make her happy. This is how, she says, she stays grounded.

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