Tina Knowles Praises Beyoncé and Taylor Swift for Their Tour Success: 'Proud of Them Both'

Tina Knowles gives props where props are due!

The businesswoman, 69, shared an Instagram post praising both Beyoncé and Taylor Swift for their extremely successful tours.

On her Instagram account, Knowles shared a screenshot of a New York Times Facebook post about a story analyzing Beyoncé’s Renaissance World Tour and its economic impact.

“Anything Beyoncé does becomes a cultural event, but the Renaissance World Tour has become a cultural movement,” the outlet's caption read. “By its close this weekend, the tour will have generated an estimated $4.5 billion for the American economy, about as much as the 2008 Olympics did for Beijing.”

Alongside the post, Knowles acknowledged the economic success of both the Renaissance World Tour and Swift’s Eras Tour, writing, “This is so awesome! To [be] able to stimulate the economy is no small feat! @beyonce And @taylorswift !”

“Just being young women and being able to say this is so awesome!!!” she added. “Proud of them both!”

Octavia Spencer echoed Knowles’ sentiment in the comments with a cheeky reference to one of Beyoncé’s biggest hits, writing, “Who run the world??? #Girls.”

The Renaissance songstress, 42, will close out her historic tour in Kansas City on Sunday.

Swift, 33, however, still has stops left in Latin America, Australia, Asia, Europe and Canada, where she will wrap up the Eras Tour with a six-day Toronto residency in November 2024, per her website.

Never miss a story — sign up for PEOPLE's free daily newsletter to stay up-to-date on the best of what PEOPLE has to offer, from celebrity news to compelling human interest stories.

Earlier this month, Knowles experienced the Renaissance effect firsthand during a moms night out with Kris Jenner at one of her daughter’s Los Angeles shows.

The Kardashians star, 67, shared highlights from the show on Instagram, including a video of Bey's mom singing along to the music in the crowd at SoFi Stadium. Knowles also shared several posts documenting the concert.

The mother of two shared a post earlier this month celebrating the "accepting" and "diverse" crowd that her eldest daughter draws to her concerts.

Alongside a video of an influencer interviewing Beyoncé fans at a Renaissance World Tour show, Knowles wrote, “What I find fascinating at the renaissance tour is how diverse the audience is. I have seen people of all age groups from the very youngest to someone probably 75 jamming to the music and enjoying themselves everyone embracing each other.

She continued, “I've seen people move out of the way so that people could see who is shorter than them. I've never witnessed this at a concert before, it is usually every man for himself, but there is such kindness and acceptance, and no judgment at this concert. It is filled with love.”

“I cry almost every night because I see examples of people of all ages, all races, all sexes Being kind, friendly and accepting!” she wrote. “There seems to be no racism, no classism, no sexism, no ageism, just people having a good time and loving on each other!!! The tour is about spreading love and celebrating differences!!! 

“It is a love fest and a beautiful thing to see!!! ❤️❤️❤️❤️ Renaissance is a movement! I am not ready to see it end! How about you?” she finished the post.