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December 13, 2013

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Madonna a wealthy material girl still

With earnings of US$125 million, pop singer Madonna is the highest-paid woman in music, easily surpassing Lady Gaga and country-pop singer Taylor Swift, according to Forbes.

Her income for the 12-month period used by the magazine also made her the highest-earning celebrity overall, it said.

Much of Madonna’s earnings from June 2012 to June 2013 were from her worldwide MDNA Tour, which pulled in US$305 million. But the 55-year-old singer, who jumped from ninth place in 2012, also made money with merchandising sales, her fragrance and from her Material Girl clothing line.

She is “music’s top earner of any genre or gender and the highest-paid celebrity of any stripe,” according to Forbes.

Lady Gaga, 27, with US$80 million, jumped from No. 4 to No. 2 this year, despite her Born This Way Ball tour being cut short due to an injury.

Swift, 23, dropped from second place in 2012 to third this year. Her US$55 million in earnings came from sales of her latest album “Red” as well as endorsement deals, records sales and touring.

Forbes compiled the list after estimating pre-tax income based on record, ticket and merchandising sales, and interviews with concert promoters, lawyers and managers.

Singer Beyonce, 32, came in fourth with US$53 million. The R&B star, who rose two places from last year, was also on the road with her Mrs Carter World Tour, and earned cash from her House of Dereon clothing line and endorsement deals.

Jennifer Lopez, 44, rounded out the top five women with US$45 million.




 

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