Madonna net worth
What is Madonna’s net worth?
Madonna is the best-selling recording music artist and entertainer in the United States with a net worth of $850 million. Often cited as an influence by other artists, Madonna is known for pushing boundaries with her music, songwriting, visual effects and style.
Early life and career
Madonna Louise Ciccone was born on August 16, 1958 in Bay City, Michigan. She eventually moved with her family to Rochester Hills, Michigan, where she began studying dance and even received a dance scholarship at the University of Michigan. She dropped out of college in 1978 and moved to New York City to pursue her dance career. Eventually, after forming and working with various bands including The Breakfast Club and the Emmys, Madonna began promoting herself as a soloist and signed a deal with Sire Records.
Breakthroughs and Music Careers
Her first two singles with Sire, “Everybody” (1982) and “Burning Up” (1983), became US hits. With the release of her self-titled debut album in July 1983, her fame continued to grow, peaking six months later at number eight. billboard 200 charts. Her second album, “Like a Virgin” (November 1984), was her first and the first female album to sell over 5 million copies in the United States. She has released more than a dozen studio albums, including “Like a Prayer” (1989), “Bedtime Story” (1994), “American Life” (2003), “Hard Candy” (2008), “Rebel Heart” (2015) and “Mrs. X” (2019), among others. Madonna, who has sold more than 300 million records worldwide, was inducted into the Rock and Roll Hall of Fame in 2008, her first year of eligibility.
other pursuits
In addition to her musical career, Madonna has enjoyed a successful actress career, even winning a Golden Globe for Best Actress for her role in the 1996 film Evita. Her other films include “Desperately Looking for Susan” (1985), “Dick Tracy” (1990) and “A League of Their Own” (1992). She produced and wrote the documentary “I Am Because We Are” (2008) and directed the film “Dirty and Smart” (2008).
movie salary
Madonna made $80,000 in “Desperately Finding Susan” in 1985. The following year, she made $1 million to partner with then-husband Sean Penn. Revenues in 1986 were $1 million, which equates to about $2.3 million today. She made $35,000 for 1990’s “Dick Tracy.” In 1993, she earned $2.5 million, the highest salary of her film career, plus a percentage of “The Body of Evidence” total box office. She also negotiated keeping her entire wardrobe. In 1996, she made $1 million for her critically acclaimed work on “Evita.”
Madonna is also a shrewd businesswoman. In 1992, she formed a joint venture with Time Warner, the entertainment company Maverick, which paid her $60 million upfront and a 20 percent royalties from the music publishing division. One of the first projects released by her maverick was her coffee table book Sex (1992), which, despite controversy and a strong public reaction to the sexual nature of the book, was sold in the first few days at 50 per book. 1.5 million coffees were sold for US dollars. content. Her other book projects include a creative contract with Callaway Arts & Entertainment for five children’s books. The first book, The English Rose, was published in September 2003. In 2004, Warner acquired Madonna’s stake in Maverick and became a wholly owned subsidiary of Warner Music.
Madonna has also produced four fashion brands. Her first fashion collaborations were with H&M in 2007, as well as with Dolce & Gabbana. Additionally, she founded the business MG Icon LLC with her manager Guy Oseary and Iconix Brand Group, which produces her lifestyle and fashion brands “Material Girl” and “Truth or Dare by Madonna”. She also launched a line of skincare products, MDNA Skin, in Japan in 2014, before expanding to Taiwan, Hong Kong and the US in 2017. She has also had numerous brand partnerships and endorsement deals throughout her long career, including one in January 1989, her earliest collaboration with Pepsi.
(Photo by Nicholas Hunt/Getty Images)
personal life
Madonna gave birth to her daughter with fitness trainer Carlos Leon in October 1996, although their relationship ended in May 1997. She met director Guy Ritchie in 1998 and gave birth to their son in August 2000. Madonna also adopted her son David from Malawi in 2006. Madonna and Richie married in December 2000 and eventually divorced in 2008. Their divorce settlement gave Ritchie £50-60 million ($66.67-$800,000), which included the couple’s London pub and home, as well as their Wiltshire estate in England. Madonna adopted twin sisters from Malawi in February 2017.
art collection
Madonna owns a collection of various artworks worth at least $100 million, which could be worth several times that amount in the right art market. In addition to works by artists such as Picasso, Diego Rivera, Damien Hirst and Marilyn Minter, she also owns one of five paintings by Frida Kahlo.
real estate
Perhaps unsurprisingly, Madonna has an impressive real estate portfolio that includes homes around the world. At one point she owned six properties in London alone. It’s unclear how much she still owns, and it’s likely some were traded to Guy Ritchie during the divorce.
In September 2017, Madonna bought a 5.5-acre 18th-century mansion in Sintra, Portugal, for just under $9 million. Over the years, she owned a 6,000-square-foot New York City condo that sold for $16 million in 2013. She still owns a smaller unit in the same building, which she bought in 2008 for $7 million. But it’s not her only New York City residence! In 2009, she paid $32 million for a 12,000-square-foot townhouse with a two-car garage, nine fireplaces, a wine cellar and an elevator. She also owns a 50-acre equestrian estate in Bridgehampton, New York, which she bought in 2010 for $7 million in two transactions.
In 2003, when she married Guy Ritchie, Madonna paid $12 million for an incredible Beverly Hills mansion. The sellers are actress Serra Ward and her venture capitalist husband Howard Sherman. The 1.25-acre property features 17,000 square feet of residence with 9 bedrooms, full size home theater, gym, swimming pool and tennis court. She put the house on the market in 2012 for $28 million. She then listed it again in 2013 for $22.5 million, eventually selling for $19.5 million later that year. The buyer is Russell Weiner, founder of Rockstar energy drinks. Astonishingly, Russ put the house on the market in 2018 for a whopping $35 million.
In April 2021, Madonna purchased The Weeknd’s mansion in Hidden Hills, California, for $20 million.
Is Madonna a Billionaire?
Contrary to popular rumor, Madonna is not a billionaire. Back in 2013, a little-known Madonna fan blog misinterpreted the fact that her MDNA tour made $300 million to mean that Madonna herself added $300 million to her wealth, and thus is a billionaire. Her net worth at the time was $650 million. First of all, even if Madonna does make $300 million somehow, she’s only worth $950 million after taxes, which isn’t quite a billionaire. But more importantly, the claim that $300 million in gross concert revenue equals a net increase of $300 million to her personal wealth is simply false. This $300 million figure is gross revenue, which means before costs are deducted. Madonna is lucky enough to take home 10-20% of the profits from her tour after all expenses are removed. That’s still a very substantial amount of revenue, but nowhere near $300 million. Unfortunately, many reputable media outlets helped spread this false rumor by snowballing this story as fact on hundreds of websites, magazines, and newspapers. The rumor has since been debunked by nearly every prominent wealth-tracking media outlet, including Forbes, CelebrityNetWorth, Bloomberg, and more.
