Madonna Net Worth
Madonna is a world renowned music artist, song writing, actress, composer, film director, producer, entrepreneur, author and screen writer with an estimated net worth of $520 million as of 2015, according to Forbes. Born Madonna Louise Ciccone on 16th of August in 1958 in Bay City, Michigan. Her career began during 1977 after she moved to New York and released her first self-titled album “Madonna” in 1983. As her style and image was unique and convincing throughout her initial albums, she soon gained popularity and a strong fan base in different parts of the world. She also pursued her first role in acting in 1985 for the movie “Desperately Seeking Susan”.
With over 300 million records sold worldwide, Madonna is one of the best-selling recording artist of all time. She has also entered the Guinness Book of World Records as the best-selling female artist of all time and the second best selling female artist in the U.S with with 64.5 million certified albums.
Being one of the most influential celebrity, Madonna has other successful ventures that has helped increase her net worth to $520 million as of 2015, according to Forbes’ inaugural list of America’s Richest Self-Made Women. With decline in album sales, her concerts are still among the highest earners, grossing over $1 billion in 30 year career.
It should be noted that she is not yet a billionaire, although some of her fans have been calling a billionaire due her MDNA tour which grossed $300 million. However, it should be noted that even if she did make the said amount after taxes in gross revenue, her net worth would only account to $950 million which is still not sufficient to make her a billionaire. It should also be understood that the fact that her $300 million dollar gross revenue is equivalent to $300 million increase in wealth is a misinformed view because the amount is calculated before any costs have been deducted. Interestingly, she will be lucky to receive 10-20% of the earnings from her tours after all expenses are paid off. Although this figure is certainly nice for a decent income, it not even close to $300 million. The pathetic situation about this is that there were several reputable and well known media organizations which haven’t hesitated in spreading this false information about her wealth.