JoJo Siwa net worth
Number of divisions: 8
What is Jojo Siva’s net worth?
JoJo Siwa (JoJo Siwa) is an American dancer, singer, actor, model and reality TV celebrity. At the time of writing, JoJo Siwa has a net worth of US$20 million. After becoming famous in the show “Abby’s Ultimate Dance Competition”, Siwa began to appear in “Dancing Mom”. Although the reality show did help her get on the map, JoJo’s real success came after she gained a foothold on YouTube. Many of her videos have been viewed hundreds of millions of times, and as of 2020, she has nearly 12 million subscribers. She was rated as one of the most influential people in the world.
early life
Joelle Joanie Siwa was born on May 19, 2003 in Omaha, Nebraska. After appearing on YouTube with music videos such as “Boomerang” and “I Can Make U Dance”, JoJo began to perform on sold stages after his tour in 2018. The tour initially traveled to 52 cities in the United States and Canada, and later expanded to include cities in the United Kingdom and Australia.
JoJo Siwa bow tie sales
We heard from many JoJo fans that her net worth must be much higher than our current estimate because she has reportedly sold 40 million bow ribbons. Although this figure has not been independently verified or reported in business magazines, she undoubtedly made a lot of money from product sales. But even if the number of 40 million is correct, it does not necessarily mean that JoJo himself has earned “hundreds of millions of dollars” from sales.
In the case of celebrity product lines, celebrities usually only get paid after reaching a certain sales milestone after recovering production and marketing costs. If JoJo really sold 40 million ribbons, it would obviously have reached and surpassed this milestone. This means that she did earn a certain percentage of profits.
Using the industry average cost of each item sold on a $9 bow, we conservatively estimate that each sale will generate a net profit of $2.5. Based on similar celebrity endorsement deals we have seen, JoJo will be lucky to get 20% of the profit after recovering the cost. This is $0.54 per sale, pre-tax. If JoJo really sold 40 million bow ribbons, she must also sell 10 million to recover the initial cost. This will bring her total pre-tax income to $16 million. Call it $8 million after tax.
(Photo by Jon Kopalov/Getty Images)
Based on these calculations, it is clear that JoJo actually only earns a lot of cash from product sales. Please also remember that any net worth figures you see on our website are after tax. Therefore, for a person with a net worth of US$14 million, they must earn US$25-30 million before taxes and various other expenses. If JoJo maintains her current popularity, we can definitely foresee the day when she is worth 5-100 million US dollars.
real estate
In February 2020, JoJo spent US$3.5 million to purchase a home in the suburbs of Los Angeles in Tarzana, California. She was only 16 years old at that time, even though she had more money than most people would make in their lifetime. Siwa’s new real estate was quickly exposed on her YouTube channel and brought a grand occasion to her loyal fans.
This Mediterranean-style residence has 6,000 square feet of living space, providing plenty of space for JoJo’s whole family. Marble floors, fireplaces, gourmet kitchens, French doors and many other indoor facilities ensure that this young YouTuber will live comfortably in the years to come. There is a swimming pool and a sports field outside.
