No it doesn't get you LEGEND status but you do win a POPULARITY contest.

If you actually know what you're talking about then you would know the types of things that make her a legend. For example, a bee in Australia w/ a gold tip is now named after her. She will die and the bee will populate for generations and her LEGEND will live on. BOOTYLICIOUS - is now a word in the OXFORD dictionary. She sang at the first dance for the FIRST AFRICAN AMERICAN PRESIDENT. Sang on stage WITH LEGENDS WHO CLAIM HER ALSO A LEGEND, Let's take a look at some artists that she's performed with:
STEVIE WONDER
ARETHA FRANKLIN
MICHAEL JACKSON
PRINCE

just to name a few... also remember MICHAEL JACKSONS cute obsession w/ Beyonce HAILING her. Also most recently Madonna posting on her instagram a pic of Beyonce kissing her daughter, Mercy. The caption read "Mercy James gets a big fat kiss from the QUEEN B"

So you may not be legendary but these legends sure do know a thing or two about what a LEGEND is.