Madonna is an American recording artist and entertainer with a net worth of $850 million. She is one of the best-selling artists of all time. Madonna is known for pushing the limits with her music, songwriting, visuals, and style. Other artists often name her as an inspiration.
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Early Life and Career Beginnings
Madonna Louise Ciccone was born on August 16, 1958, in Bay City, Michigan. She and her family eventually moved to Rochester Hills, Michigan, where she studied dance and even got a dance scholarship to the University of Michigan. She quit college in 1978 and moved to New York City to try to make a living as a dancer. After playing in bands like “The Breakfast Club” and “Emmy,” Madonna started promoting herself as a solo act and signed a contract with Sire Records.
Madonna Net Worth
| Net Worth: | $850 Million |
| Date of Birth: | Aug 16, 1958 (63 years old) |
| Gender: | Female |
| Height: | 5 ft 4 in (1.65 m) |
| Profession: | Film Producer, Actor, Dancer, Film director, Author, Entrepreneur, Singer-songwriter, Composer, Screenwriter, Record producer |
| Nationality: | United States of America |
Breakthrough and Musical Career
‘Everybody’ (1982) and ‘Burning Up’ (1983) were her first two US club smashes with Sire. After the release of her debut album in July 1983, which reached number eight on the Billboard 200 list six months later, her popularity continued to rise. A year after her second album “Like a Virgin” debuted at No. 1, it became the first album by a female artist to sell more than 500,000 units. For more than two decades, she has released more than 10 studio albums, the most recent of which, Madame X, is due out in 2019. She has also collaborated with several other artists, including Madonna, Whitney Houston, and Britney Spears. In her first year of eligibility, Madonna was inducted into the Rock & Roll Hall of Fame in 2008 after selling more than 300 million records worldwide.
Other Pursuits
Madonna has had a successful acting career in addition to her music one, winning a Golden Globe Award for Best Actress in 1996 for her work in the movie “Evita.” In addition to “Desperately Seeking Susan” (1985), “Dick Tracy” (1990), and “A League of Their Own,” she has acted in numerous other films (1992). “Filth and Wisdom” and “I Am Because We Are” are two of her films (2008).
Film Salaries
“Desperately Seeking Susan” brought Madonna an estimated $80,000 in 1985. When she starred in a film beside her then-husband, Sean Penn, the following year she was paid $1 million. A million dollars earned back in 1986 is equivalent to almost 2.3 million dollars today. For the 1990 film “Dick Tracy,” she raked in a meagre $35,000 in salary. When she appeared in 1993’s Body of Evidence, she was paid $2.5 million-plus a portion of the film’s profits. She was also able to secure the return of her whole clothing collection. Her role in the critically acclaimed 1996 film “Evita” brought her a cool $1 million.
Madonna is also a successful businesswoman. A joint venture with Time Warner awarded her an advance of $60 million and 20% of the income from the music publishing business when she formed Maverick in 1992. Although the book’s sexual material sparked outrage and was widely panned, her coffee table book “Sex” (1992), one of the first products of her Maverick business, sold 1.5 million copies for $50 apiece in its first few days of sale. Additionally, she has an agreement to write five children’s books with Callaway Arts & Entertainment under her belt as an author. The English Roses, the first book in the series, was released in September 2003. MTV Maverick was acquired by Warner in 2004 and is now a completely owned subsidiary of Warner Music Group (WMG).
Besides her clothing lines, Madonna has created four others. After working for H&M in 2007, she went on to work with Dolce & Gabbana the following year. MG Icon LLC (a joint venture with her manager Guy Oseary and Iconix Brand Group) was also founded, which develops her lifestyle and fashion brands “Material Girl” and “Truth or Dare by Madonna.” MDNA Skin was also released in Japan in 2014, before moving to Taiwan, Hong Kong, and the United States in 2017; it is currently available in Japan. Pepsi was one of the first companies to work with her back in January 1989, when she signed an endorsement arrangement.
Madonna Personal Life
Madonna gave birth to her daughter in October 1996, even though she and fitness trainer Carlos Leon broke up in May 1997. She met Guy Ritchie in 1998, and gave birth to their son in August of that year.” Also in 2006, Madonna gave birth to her son David in Malawi. Ritchie and Madonna wed in December 2000, then divorced in 2008. Between £50-60 million ($66.67-80 million) was awarded to Ritchie as part of their divorce settlement, which included their London bar and apartment, as well as their Wiltshire estate in England. Madonna adopted twin sisters from Malawi in February 2017.
Art Collection
The art collection owned by Madonna is estimated to be worth at least $100 million, but it might be worth much more in the appropriate art market. In addition to works by Picasso, Diego Rivera, Damien Hirst, and Marilyn Minter, she possesses one of only five paintings by Frida Kahlo.
Real Estate
Madonna has a sizable real estate portfolio that includes properties in countries across the world. At one point, she owned six houses in the city of London on her own. Some of these may have been traded to Guy Richie following their divorce; however, the exact number she still holds is unknown.
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Madonna has had a townhouse on Manhattan’s Upper East Side for many years. There are 26 rooms in the 57-foot wide, four-story Georgian townhouse, including a 38-by-22-foot drawing room with south windows overlooking the garden, a library, a Georgian staircase, an elevator, a double-car garage with room for two vehicles and a 3000 square foot garden filled with trees and roses, as well as plans for a new rooftop garden in the future.
Madonna paid just under $9 million for a 5.5-acre estate in Sintra, Portugal, in September 2017. She had a 6,000-square-foot condominium in New York City that she sold for $16 million in 2013. The smaller apartment she acquired in 2008 for $7 million is still part of the same structure. Even yet, that’s not where she lives full-time in the city. According to records obtained by TMZ, she spent $32 million in 2009 to purchase a 12,000-square-foot townhouse with a wine cellar and two attached garages. Bridgehampton, New York, where she owns a 50-acre equestrian property purchased in 2010 for $7 million in two separate purchases.
Is Madonna a Billionaire?
Madonna is not a billionaire, contrary to common belief. A little-known Madonna fan blog erroneously concluded that Madonna had become a billionaire since her MDNA tour had brought in $300 million. Her net worth at the time was $650 million. To begin with, even if Madonna were to earn $300 million after taxes, her net worth would only be $950 million, far short of the $1 billion mark. However, the assertion that $300 million in concert revenue corresponds to an increase in her wealth of $300 million is a false misrepresentation.
It’s gross income, which means it doesn’t include expenses. After all, costs are deducted, Madonna is lucky if she gets to keep 10-20% of the money she makes on her tour. That’s still a lot of money, but it’s not quite as much as $300 million. As it turns out, several credible media outlets helped propagate this false rumour by reporting it as fact on hundreds of websites, magazines, and newspapers around the country. According to Forbes, CelebrityNetWorth, Bloomberg, and many other respectable wealth monitoring media outlets, the report was false.
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