Wow, now that's some serious money in the bank!
The mag credits her incredibly successful career over many decades for the singer's lofty financial status.
She reportedly earned $458 million thanks to concert tours, $304 million in acting gigs like The Nutty Professor and For Colored Girls, $260 million in album sales ("Rhythm Nation, anyone?) and more than $81 million from sponsorships.
But Jackson isn't the only billionaire in her family. Her hubby Wissam Al Mana already reached that elite tax bracket after making his fortune in investments in the Middle East.