David and Victoria Beckham are officially billionaires

Move over Kylie Jenner, there are new billionaires in town!

David, 43, and Victoria Beckham, 44, have officially become joint billionaires, according to new financial figures.

The Beckham brand – which includes their four children, Brooklyn, 20, Romeo, 16, Cruz, 14, and Harper, 7 – has seen a huge spike in earning power in recent months and has reached more than $1 billion.

The good news comes just a few months before the couple celebrate their 20th wedding anniversary in July.

David and Victoria’s wealth comes from the sports-related revenue retired footballer David has accumulated over the years, as well as massive endorsement deals with Adidas, Pepsi and H&M as well as Victoria’s growing fashion empire.

Victoria’s earnings from her time in the Spice Girls also had a huge impact on their current status, according to The Mirror.

She is expected to make even more cash from the group’s upcoming reunion tour, even though she won’t be hitting the stage with them.